Hire veterans by December 31 for tax savings

Posted on 19. Dec, 2013 by in 2013 Taxes, Tax, Tax Reminders

If you plan to hire soon, consider hiring veterans. If you do, you may be able to claim the federal Work Opportunity Tax Credit worth thousands of dollars. You must act soon. The WOTC is available to employers that hire qualified veterans before the new year. Here are six key facts about the WOTC: Hiring […]

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Three year-end tax tips to help you save

Posted on 19. Dec, 2013 by in 2013 Taxes, Tax, Tax Reminders

Although the year is almost over, you still have time to take steps that can lower your 2013 taxes.

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IRS.gov can be valuable resource for non-profits

Posted on 26. Nov, 2013 by in Nonprofit, Tax, Tax Reminders

The IRS provides extensive and useful information at its IRS.gov website to help educate staff and Boards on the requirements and pitfalls of starting, maintaining and running a tax exempt organization.

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‘Use-or-lose’ rule changing for Flexible Spending Accounts

Posted on 19. Nov, 2013 by in 2013 Taxes, Tax

The U.S. Treasury Department relaxed the use-it-or-lose-it rule, allowing flexible spending account holders to carryover up to $500 in unused funds into the next year.

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IRS: Same sex marriage recognition

Posted on 14. Nov, 2013 by in 2013 Taxes, Tax, Tax Reminders

Same sex marriages are recognized by the IRS. This article contains some excellent information in this regard. Please note that, generally, you can go back 3 years to file an amended 1040. This may be advantageous to those who wish to go back and file as “married filing jointly”. Treasury and IRS Announce That All […]

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Annual electronic filing requirements for small exempt organizations

Posted on 12. Nov, 2013 by in 2013 Taxes, Tax, Tax Reminders

What small exempt organizations need to do to file a 990-N postcard filing.

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What’s worse financially: Leasing a car or the cloud?

Posted on 01. Nov, 2013 by in Technology

Is the financial risk of leasing a car similar to leasing space in the cloud?

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IRS to delay start of tax season due to shutdown

Posted on 23. Oct, 2013 by in 2013 Taxes

Due to the government shutdown, the IRS has postponed the start of the tax filing season.

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Even investors disagree on how to flag bad loans

Posted on 21. Oct, 2013 by in Uncategorized

A recent study found that investors worldwide are split on how to account for credit impairments.

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If the IRS comes a-callin’, you’ll need to be ready

Posted on 30. Jan, 2013 by in 2012 Taxes, Tax, Uncategorized

Except in the case of actual fraud, the IRS can (and will) go back 6 years in your records. If they have questions on what you reported, those questions will not be asked of until several years after the return is filed. If the IRS does come knocking, they will want invoices or receipts to document […]

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