CPAs: Federal deficit must be fixed without delay
01/10/2013Read moreCPAs have serious concerns about the U.S. federal budget deficit. Fifty-four percent of the more than 1,700 AICPA members...
U.S. tax code needs full revamp, expert says
01/10/2013Read moreLawmakers need to overhaul the tax code completely to reduce the “significant, even unconscionable, burden” placed on taxpayers just...
Social Security’s Old Forecasting Method Hides New Time Bomb, Researchers Say
01/09/2013Read moreWashington’s restoration of the employee’s portion of the payroll tax that funds Social Security may be good news or...
White House considers rule for corporate political contributions
01/09/2013Read moreCampaign finance reform advocates on Tuesday applauded the Obama administration for considering a regulatory proposal that would require corporations...
U.S. could default on debt as soon as Feb. 15, analysis shows
01/08/2013Read moreThe Internal Revenue Service said Monday that its Modernized eFile system has begun accepting business tax returns. In an...
IRS Begins Accepting Business Tax Returns
01/08/2013Read moreThe Internal Revenue Service said Monday that its Modernized eFile system has begun accepting business tax returns. In an...
U.S. economy may have hidden strength
01/08/2013Read moreAnyone who watched the national debate unfold during this election year could be forgiven for viewing the United States...
LLCs Alive and Well in Florida…but Owners Beware
01/08/2013Read moreEntity planning for taxation, asset protection, gifting or succession planning is complex and fascinating. CPAs are forced to work...
The Taxonomy of Florida Entities New Legislation Now in Effect
01/08/2013Read moreFlorida is a business-friendly state. Forming the entity is quick and inexpensive, state income taxation is minor and our...
Are you aware of the filing requirements related to Form(s) 1099?
01/07/2013Read moreIn general, the IRS requires that you file Form 1099-MISC, Miscellaneous Income, for each person or business to whom...
Key Performance Indicators for Non-Profits
01/07/2013Read moreThe not-for-profit sector as a whole has traditionally been somewhat laggard in measuring and improving its organizational performance. In...
Democrats, Republicans draw lines with taxes, debt ceiling
01/07/2013Read moreThe Senate Republican leader, Mitch McConnell, made clear on Sunday that he would oppose any effort by the Obama...
Congress racing to avert shutdown
01/07/2013Read moreWashington is facing the threat of three major fiscal disasters in the coming months — but a government shutdown...
Congress averts tax portion of fiscal cliff
01/07/2013Read moreAfter weeks of negotiating, Congress was finally able to pass legislation that addresses the tax portion of the “fiscal...
The States That Recovered Most (and Least) from the Recession
01/04/2013Read moreDecember marked the five-year anniversary of the official beginning of the Great Recession — the most severe economic contraction...
Choosing an Accounting Method
01/03/2013Read moreEvery business taxpayer is required to have an accounting method to report income and expenses. The two most commonly...
