High Quality Work…Great Customer Service.
The rate of job growth and wage increases at small businesses dropped in June, according to payroll giant Paychex. The monthly Paychex | IHS Markit Small Business Employment Watch, which Paychex compiles with the research firm IHS Markit, found the Small Business Job Index decreased 0.20 percent in June to 99.40, after a slight increase […]
Last December’s Tax Cuts and Jobs Act was the biggest change in tax administration in a generation, so it’s only natural that there would be issues with its implementation. So which problems loom first and biggest with tax preparers? The biggest problem that enrolled agent Twila Midwood at Advanced Tax Centre in Rockledge, Fla., has […]
One of the most fascinating things about the field of tax law is the way in which it often compels us to carefully analyze many terms that are used casually in everyday conversation. In typical conversation, terms such as “property,” “income,” “real estate” and “gain” are understood rapidly and there is generally no reason for […]
A “clearer, stronger message” to tax pros concerning the legal requirements around the security of customer information and additional education in data security are among the recommendations from the most recent annual report to Congress of the Electronic Tax Administration Advisory Committee. Two of this year’s 13 recommendations: “The IRS should communicate security requirements to […]
The first known printed use of the word “bookkeeper” in English dates back to 1555, according to Merriam-Webster. Obviously, the way in which bookkeepers work has changed significantly over the years, but what’s even more important is that the evolution is far from over. Technology is breathing new life into the profession and transforming the […]
Peter Weitsen and I started our practice, MendlowitzWeitsen LLP, on July 1, 1988. My life has been enriched every moment of our partnership, which continues even now as part of WithumSmith+Brown, PC. I had and have two partners that have been responsible for my success, enjoyment and who I have been able to share my […]
Whitley Penn has added Dossani, Turnage Van Hoose, P.C. and its affiliate, Impact Financial Solutions, LLC, effective July 1. The firms have joined Whitley Penn’s Dallas office, increasing its footprint in the Dallas–Fort Worth area to approximately 350 employees, with nearly 500 employees firm-wide. One partner is joining from Dossani, Turnage Van Hoose. Financial terms […]
The Internal Revenue Service’s Large Business and International division has approved five more compliance campaigns in areas including virtual currency, S corporation distributions, repatriation, the Section 965 transition tax and sequestered alternative minimum tax credit carryforwards. The division rolled out its first 13 compliance campaigns in January of last year, followed by another 11 last […]
The Securities and Exchange Commission has decided to expand the number of companies that can qualify for scaled-back disclosure requirements. The commissioners voted Thursday to adopt amendments to the “smaller reporting company” (SRC) definition, thereby increasing the number of companies that don’t need to meet the stiffer disclosure rules required of larger companies. The new […]
Volkswagen AG’s Porsche sports car unit is under investigation by the Stuttgart tax office over the way it accounted for marketing and catering expenses during the past 8 years, according to people familiar with the matter. The expenses amount to as much as 1 billion euros ($1.2 billion), but the financial hit for the company […]
Powered by WordPress. AwesomeOne theme by Flythemes