The tax filing season is set to start next week when the IRS will begin accepting tax returns. Tax filers can buy do-it-yourself (DIY) software or hire a tax professional to file their return. Those interested in hiring a tax professional, may be interested to know how much it costs. An annual survey conducted by the National Society of Accountants (NSA) provides some guidance as to what you can expect in fees. Read More.
The tax filing season begins earlier for accountants and small businesses than individuals. This is largely due to the fact that most of the forms that individuals rely on are issued by these providers. Mainly, 1099 and W-2 forms are due starting on February 2nd, 2015. Given this approaching deadline, it’s important that both small businesses and accountants have a proper system in place to ensure that 1099 and W-2 forms are filed accurately and on time. One of the ways to achieve this objective is through technology. Read More.
There is no question that the Affordable Care Act (ACA) has dramatically impacted the health insurance industry and how companies approach coverage for their employees. The strict requirements and stiff penalties have most companies on edge. Read More.
As we predicted earlier this week, the Senate and President Obama did in fact approve the tax extenders for both individuals and businesses. The Tax Increase Prevention Act reinstates expired 2013 tax breaks as well as extends key tax provisions that were scheduled to expire at the end of 2014. Despite the overall positive news, the new law only provides a temporary one year solution. These same tax breaks are now set to expire on December 31, 2014. Read More.
Those that have delayed their online shopping may want to wait another two days. Free shipping Thursday will begin at 12:01am eastern standard time on December 18th this year. There are nearly one thousand different retailers that have enrolled in the Free Shipping Day website and many more will follow suit. Although many consumers stand to benefit from free shipping, businesses can also make purchases.
Read More.
The House of Representatives voted in favor of passing a slew of notable small business tax benefits that expired at the end of last year. The Senate and President Obama have yet to approve the proposed tax legislation, but all indications are that they will follow the House’s lead. This should be welcoming news for businesses that have waited for confirmation before moving forward on 2014 capital purchases. Which tax breaks are likely to be reinstated? Read More.
State regulators are now collecting nearly $400 billion in sales tax as compared to 2003 when states collected just over $250 billion. This growing trend is a consequence of complex regulations, new business models and technologies. Companies of all sizes need to have appropriate reporting processes in place to meet state sales tax regulations. To better understand these sales tax issues and the businesses that need expertise, we’ve analyzed our clients’ sales tax questions in this report. Read More.
Quick Reference
|
Topic
|
|
|
Error: Twitter did not respond. Please wait a few minutes and refresh this page. |
 |
