Author Archive for: kristen
Entries by Kristen
First New Tax Legislation in a Generation
With the new tax bill ready to be signed into law by the President, we wanted to give you a recap of the major provisions. The final bill still leans heavily toward tax cuts for corporations and business owners. But it also expands or restores some tax benefits for individuals relative to the earlier bills passed […]
IRS Issues 2018 Work Plan for Tax Exempt Organizations
The Tax Exempt and Government Entities (TE/GE) division of the IRS recently issued its FY 2018 Work Plan, which builds upon the agency’s ongoing mission to refine, realign and improve their education and examination methods. In 2017, the agency implemented data analytics and knowledge management strategies to target organizations with a high likelihood of noncompliance, and […]
Will the IRS reject your tax return next year?
In the latest signal that the Affordable Care Act is still law, the Internal Revenue Service said this week that it is taking steps to enforce the most controversial provision: the tax penalty people face if they refuse to obtain health insurance. Next year, for the first time, the I.R.S. will reject your tax return when filed […]
Why Financial Statements Prepared by Outsourced Accounting Services Can Be More Reliable
When it comes to your company’s success, accurate financial information is critical to making the correct business decisions. Knowing your margins and having visibility into cash flow will allow you to elevate your company to the next level. That’s why your financial statements need to go beyond just the basic requirements. Your company will benefit […]
Five Accounting Technology Innovations that Every CFO Should Be Aware of
In a survey conducted by Robert Half Management Resources, 41 percent of CFOs cited technology as a major source of stress in their jobs, saying that innovations in accounting are progressing so rapidly that it’s difficult to keep up. Becoming familiar with the biggest trends minimizes the struggle with increased efficiency and a more streamlined approach […]
How the Equifax Breach Can Impact Your Tax Return
After the Equifax data breach, year-end tax planning may be even more important. Social Security numbers were among the data exposed in the Equifax hack, which affects up to 143 million people. Immediate to-dos have focused on fraud alerts, credit freezes and monitoring to curtail thieves’ ability to open new accounts in victims’ names. But experts say consumers should also start […]
How to Choose Between Cash and Accrual
The accounting method you choose to use can determine if you show a profit or not in each year. This directly affects your business income taxes, and it may also impact whether you are able to obtain a loan or raise equity investments. Unlike other tax or accounting choices, you can’t choose what’s best […]
Tax Planning for Millennials
Millennials are quickly taking over the workforce. It’s easy to adopt a do-it-yourself attitude however in many cases consulting a CPA for tax strategies can be extremely beneficial to eliminate the chance of a missed opportunity. Finance a first-time home purchase Finding the money for a down payment on a home can be daunting and […]
