Identity theft PINs from IRS...

Posted by:    |  Jun 21, 2016

The IRS recently issued Identity Protection Personal Identification Numbers (IP PIN) for identity theft victims. The unique six-digit pin number will be used on 2015 income tax returns to verify taxpayer identity. Taxpayers will need to provide the CP 01A letter which lists the IP PIN...Read more

How customers will expect to pay in 2016...

Posted by:    |  Jun 21, 2016
How customers will expect to pay in 2016

It is the start of the New Year, and as an accountant, there is one area you should pay particular attention to: new payment technologies. The payments landscape is changing fast and this year will see a massive shift in how customers expect to pay at businesses, large and small. The ...Read more

Top Financial Resolutions for the New Year...

Posted by:    |  Jun 21, 2016
Top Financial Resolutions for the New Year

A brand new year is upon us, and here are some top financial resolutions to help you make the most of it and improve your finances this year. Emphasize on savings – the earlier you get on to the savings bandwagon, the better. Even small amounts saved today have the potential to get ...Read more

Holiday budgeting ideas...

Posted by:    |  Jun 21, 2016
Holiday budgeting ideas

With the holidays just around the corner, now is the time to plan or review your holiday budget. If you are not careful, holiday spending can create a financial burden that lasts well into the New Year. Consider these ideas to help you make the most of your holiday spending: Make a Bu...Read more

2015 year-end planning...

Posted by:    |  Jun 21, 2016
2015 year-end planning

You may be able to reduce your 2015 taxes if you act soon. Actions such as deferring income, accelerating deductions, and harvesting investment losses taken before the year-end can improve your tax situation. The major federal tax provisions for individuals remain largely unchanged fo...Read more

Charitable donations: give wisely...

Posted by:    |  Jun 21, 2016
Charitable donations: give wisely

By telephone, in person, outside the grocery or department store or through the mail, we all receive numerous appeals to give to a variety of organizations and causes. And for many, the holidays are a time to donate money to those less fortunate. While it is important to contribute to...Read more

Selecting the appropriate entity for your business...

Posted by:    |  Jun 21, 2016
Selecting the appropriate entity for your business

Entrepreneurs can generally choose from a number of different entities when incorporating their business. However, due to the fluid nature of businesses, the advantages and disadvantages are not always clear at the time of formation. Limited liability companies and corporations are th...Read more

Should a partner be treated as an employee?...

Posted by:    |  Jun 21, 2016

In today’s business environment, where many businesses find they cannot retain key employees without offering equity interests in the businesses, partnerships often grant employees interests in the company. Even a very small partnership interest, however, can cause the employee to b...Read more

Is cancelled debt taxable?...

Posted by:    |  Jun 21, 2016
Is cancelled debt taxable?

A debt includes any indebtedness whether you are personally liable or liable only to the extent of the property securing the debt. Cancellation of all or part of a debt that is secured by property may occur because of a foreclosure, a repossession, a voluntary return of the property t...Read more

Why you need a will?...

Posted by:    |  Jun 21, 2016
Why you need a will?

Having a will is one of the most important things you can do for yourself and your family. Not only can a will legally protect your spouse, children, and assets, it can also spell out exactly how you would like things handled after you have passed on. While every individual’s situat...Read more