Blog

ICYMI: April 14, 2014

I-C-Y-M-I: In Case You Missed It Below is roundup of tax, accounting and business related news that you may have missed recently. We hope you find this information useful! Important Dates to Remember April 15, 2014: Deadline for Individual Tax Returns & Extensions Latest Tax News Last Minute Dash: When, Where & How To File… Read More »

Posted in Accounting, Featured | Tagged , , , , | Leave a comment

Jimmy Rodefer: Don’t operate in the dark with business accounting

This article was printed in the Sunday, March 30, 2014 edition of the Knoxville News Sentinel. Proper accounting in business is so crucial that it would seem any businesses would have it completely figured out. However, it’s quite often badly done. If your business’s record-keeping is poor, your accounting will be just as bad, or… Read More »

Posted in Accounting | Tagged , , , , | 1 Comment

States of KY, IN and TN target tax-cheating software

Kentucky, Indiana, and Tennessee have a new law in common, assuming – which is highly likely – that Kentucky’s governor signs legislation sent to him on March 14 that will zap whatever use of “zappers” is underway by Bluegrass State businesses. From Wikipedia: “A “zapper” is a software program, often run untraceably from a USB… Read More »

Posted in Accounting | Tagged , , , | Leave a comment

ICYMI: March 21, 2014

I-C-Y-M-I: In Case You Missed It Below is roundup of tax, accounting and business related news that you may have missed recently. We hope you find this information useful! Important Dates to Remember April 15, 2014: Deadline for Individual Tax Returns & Extensions Latest News $760 Million in individual tax refunds for 2010 still up… Read More »

Posted in Accounting | Tagged , , , | Leave a comment

Taxes and Employee Fringe Benefits

Fringe benefits may not be so fringe-y, so to speak, when it comes to taxes. What no human resources, payroll, or accountant wants is to be hauled into an IRS audit and sit there stammering or vainly trying to explain why you allowed one thing but the rules say another. Let’s let the IRS explain,… Read More »

Posted in Employee Benefit Plans, Human Resources | Tagged , , , | Leave a comment

Two Tax Breaks for High Income Earners Could be Cancelled

Two tax breaks for high income earners will be deep-sixed in order to expand – at a cost of $60 billion – the earned-income tax credit (EITC) to millions more people than currently receive the taxpayer-funded benefit. Meanwhile, the U.S. Treasury Department’s inspector general says that the EITC now has one of the highest improper… Read More »

Posted in Accounting | Tagged , , , , | Leave a comment

ICYMI: March 14, 2014

I-C-Y-M-I: In Case You Missed It Below is roundup of tax, accounting and business related news that you may have missed recently. We hope you find this information useful!   Important Dates to Remember March 17, 2014: Deadline for Corporate Tax Returns & Extensions April 15, 2014: Deadline for Individual Tax Returns & Extensions Latest… Read More »

Posted in Accounting | Tagged , , , , , , | Leave a comment

Contractors and Developers: Update on Completed Contract Method

There’s no place like home (building), particularly when the tax regulations concerning the “completed contract method” accounting procedure are in your favor. For clarity purposes, here’s the definition of the completed contract method (CCM): “An accounting method that enables a taxpayer or business to postpone the reporting of income and expenses until a contract is… Read More »

Posted in Construction, Industry | Tagged , , , , , , | Leave a comment

New Recommendations for Government Pension Plans

Think of a ship. Think of that ship taking on water. The question is at what point will it sink?  That just about describes the budget situation for an uncomfortable number of state and local governments across the country as they measure the weight of their employee pension plans. That’s why the Society of Actuaries… Read More »

Posted in Employee Benefit Plans, Human Resources | Tagged , , , , | Leave a comment

State Budget Crisis Task Force: Government Transparency & Accountability

“Public trust in government is near or at all-time lows.” The significance of that quote on public trust is that it introduces a section on “Accountability and Transparency in Budgeting and Financial Reporting” in the recently released State Budget Crisis Task Force report. The task force took three years to explore the financial situation facing… Read More »

Posted in Government, Industry, Not For Profit | Tagged , , , , , , , | Leave a comment
sidebar-bg-blog