by Rupinder | Jan 21, 2015 | Uncategorized
NSA issued the following press release What’s worse than Congress passing more than 4,400 changes to the federal tax law over the space of just a few years? Cutting the Internal Revenue Service (IRS) budget so much that it is exceedingly difficult even to get a...
by Rupinder | Jan 21, 2015 | Uncategorized
Last month, we asked our members: Which free (or inexpensive) tax apps do you use? Here are the results: Thomson Reuters Pocket Assistant14.71 %CCH Applicable Federal Rates 20138.82 %CCH Tax News Highlights Mobile App5.88 %Other (tell us in the comment field...
by Rupinder | Jan 12, 2015 | Uncategorized
November 17, 2014 The end of the year gives you and your business a great chance to maximize tax savings for 2014 and beyond. If you’re like many business owners, you saw a welcome uptick in sales and growth in 2014. This growth, however, brings important tax...
by Rupinder | Dec 18, 2014 | Uncategorized
From the NSAlert: December 20, 2013 As we reported in September, individuals who attended the appeals court hearing in the Loving case were virtually unanimous in their opinion that the IRS was poorly represented at the hearing and expect the IRS to lose the case....
by Rupinder | Dec 18, 2014 | Uncategorized
Written by Hugh Duffy Article reprinted from Main Street Practitioner, September/October National Society of Accountants No matter the size of the firm, there are going to be some tough decisions to make along the way – and one of the most difficult is firing a...
by Rupinder | Dec 18, 2014 | Uncategorized
Ever since Code Section 469 hit the streets in the Tax Reform Act of 1986 it has trapped many unwary tax payers and practitioners. The mechanical nature of the rule subjects taxpayers and practitioners to significant risk of penalty for failure to adhere to the...
by Rupinder | Nov 24, 2014 | Uncategorized
WAA Initiates Change to Safe-Harbor Language for Non-Licensed Accountants The NSA state affiliate, Washington Association of Accountants, has once again been successful in protecting the rights of non-licensed accountants to prepare financial statements under safe...
by Rupinder | Nov 24, 2014 | Uncategorized
Fire, flood, tornadoes, or your own unorganized closet: Any number of disasters can mean you can’t find tax documents when it’s time to file. The National Society of Accountants (NSA) offers this list of important documents you should track and what to do if they...
by Rupinder | Nov 24, 2014 | Uncategorized
Do you have clients asking these questions? “Basis”? What’s with the “Form 8949”? “Covered vs. Not Covered” How do I read that Form 1099-B? Getting it right when the Form 1099-B is wrong. When do I need to file the Schedule...
by Rupinder | Nov 24, 2014 | Uncategorized
You got married. You got a job, had a baby, lost a job, bought a house or moved. Your life shifted in ways that once you couldn’t have imagined. The last thing on your mind is taxes. Most taxpayers look up a professional tax preparer once a year, as deadline day...
