When you own a small business, it is imperative that you keep a good set of books that are consistently and contemporaneously updated. The tax man will not be satisfied with records that were thrown together at the end of a year.
Is Hiring a CPA Worth it? 5 Tips for Getting Your Money’s Worth
Often when people find out I’m a tax accountant, I get asked, “How much does a CPA cost?” It’s like me asking “How much does a home cost?” We all understand that a 1,000 square-foot home in Kansas has a different cost than a 1,000 square-foot penthouse condo in New...
IRS Taxpayer Advocate Questions Preparation of Tax Preparers
Three big issues: Code, cooperation, competence. By Rick Telberg CPA Trendlines National Taxpayer Advocate Nina Olson, who heads the Taxpayer Advocate Service, is citing three broad areas that Congress should deal with if it hopes to avoid revenue catastrophe … Continued
6 Tips to Develop Young Partners at Small Accounting Firms
Today, as thousands of small firms are bringing in younger staff as partners they are finding the whole approach to running their firms must change. What are the most important practice management tips for small firms planning on bringing in new ...
How to Find a Tax Accountant
Many taxpayers can benefit from hiring a tax accountant, and a lot do. Follow these simple steps to find the right tax professional for your situation.
10 Simple Year-End Income Tax Tips
How the Ballpoint Pen Killed Cursive
Thicker ink meant it didn't smudge as easily as its predecessor, the fountain pen—but it also made writing by hand more physically demanding.
How to ask for a tax extension
Every citizen is eligible for an automatic extension on their taxes
10 arrested outside Northwest Detention Center in Tacoma
About 160 people had gathered in front of the detention center to protest immigration-enforcement policies.
10 Things Pension Plans Won't Tell You
Last Updated: Sept 13, 2011 9:55 a.m. ET Share By Not long ago, many jobs came with a pension -- monthly checks paid upon retirement for the rest of an employee's life. But nowadays, workers frequently switch jobs and companies are struggling to cut costs, and the generous defined-benefit plan, or classic pension, is increasingly being replaced by defined-contribution plans like the 401(k), which employees pay into. In 1975, 62 percent of private-sector workers participated solely in a defined-benefit plan; in 2009, only 7 percent did, according to the Employee Benefit Research Institute. But many wonder whether defined-contribution plans are an adequate substitute. "They don't provide near the level of retirement security that traditional defined-benefit plans…