Blog

Now that fall has begun, it’s time to start your year-end tax planning for 2015 — and to tie up loose ends that remain from the 2014 tax season. Here are some reminders that the IRS has sent out recently…

Changes brought by the Affordable Care Act (ACA) continue to roll in. For affected employers, these changes could mean higher expenses and will add filing responsibilities with the IRS. Background: The ACA has a language of its own, with many…

Owning a house with a white picket fence is a quintessential part of the American dream. But an increasing number of Americans are deciding that renting a home is a better fit for their families than buying one. “Over the…

The Internal Revenue Service (IRS) announced that it has exchanged financial account information with foreign tax administrators in accordance with a September 30, 2015 deadline. This marked an important development in the implementation of the Foreign Account Tax Compliance Act…

The federal government is always on the lookout for businesses that improperly classify workers as independent contractors rather than employees. But the heat was recently turned up even more. The issue of worker classification has many tax and benefit implications….

In response to criticism that the U.S. Department of Justice is lenient when it comes to prosecuting individuals post-financial crisis, the Department recently issued new guidelines that will now hold individuals involved in civil and corporate wrongdoing cases more accountable…

In an effort to increase state revenue, many states are offering amnesty programs to taxpayers. The amnesty programs are designed to collect delinquent taxes owed by a corporate or individual taxpayer while waiving penalties as high as 50% of the…

Budgeting employee business travel into your company’s financial plan allows for new options in deducting expenses. With Business Travel Per Diems, a portion of your employee’s ordinary and necessary travel expenses may be deducted. This could include lodging, meals, taxis…

Estate and gift tax planning strategies often involve freezing the value of what the senior family own and deflecting increases in value to younger generations. Potential regulatory changes could take effect as early as before the end of 2015 that…

Can you imagine using a computer from the 1960s to run your business? Of course you can’t. But many U.S. merchants and banks still use payment cards with magnetic strip technology that’s more than 50 years old. On October 1,…