Category Archives: Financial

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 »

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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 »

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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 »

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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 »

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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 »

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SEC Proposes Rules on Crowdfunding

Crowdfunding was one of those Next Big Things that became bigger than perhaps anyone imagined, and it has developed into a substantial fundraising vehicle and moneymaker.  And where there’s big money, can regulation be far behind? Crowdfunding, by definition, is: “the practice of funding a project or venture by raising many small amounts of money… Read More »

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Protecting your Business from Credit Card Abuse

This article was printed in the Sunday, February 16, 2014 edition of the Knoxville News Sentinel. An employee has a company-issued credit card. It’s a plus, a perk, a privilege. However, as the saying goes, as with a sword, a company-issued credit card has two edges – and one can inflict deep wounds on the… Read More »

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When Uncle Sam needs money, where does he get it?

Our CEO, Jimmy Rodefer, answered this question in his most recent column in the Knoxville News Sentinel. Back in 1971, the rock group Ten Years After had a hit song called “I’d Love to Change the World” that included these lyrics: “Tax the rich, feed the poor, till there are no rich no more.” We… Read More »

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Final Regulations on Property Acquisition & Improvements

The sometimes extraordinary complexity of tax procedures are on full display in the IRS’s recently-released final regulations on “amounts paid to acquire, produce, or improve tangible property.” This area of tax law has been working under temporary regulations for several years. The IRS, the American Institute of Certified Public Accountants (AICPA) and others have been… Read More »

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2013 Year End Tax Planning Guides

Don’t forget to review our Year End Tax Planning Guides, for Businesses and Individuals! Business tax planning is very complex. Careful planning involves more than just focusing on lowering taxes for the current and future years. How each potential tax saving opportunity affects the entire business must also be considered. In addition, planning for closely-held… Read More »

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