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...
Trucks have hit this low bridge more than 100 times, and officials still haven't fixed it
Federal guidelines suggest that bridges be at least 14 feet high, but a North Carolina bridge has a clearance of just 11 feet, 8 inches.
TaxProf Blog: The 100 Most Influential People in Tax and Accounting
I am honored to be included on the list of Accounting Today's 100 Most Influential People in Tax and Accounting for the ninth year in a row: Caron once stood out as one of the few serious tax bloggers out there; now that there are a lot more tax blogs...
What is milling and paving?
Milling asphalt is an environmentally friendly and very cost effective way to repair asphalt. Although appearing by sight and touch to be tough, asphalt can quickly wear down due to traffic, weather, and sunlight. The milling process consists of using a milling machine (pictured above) to scrape off the top layer of asphalt to a …
Tax filing preparation checklist
In addition to the tax statements that are arriving this month, you'll need some other information to file your return. Today's Daily Tax Tip offers a checklist of what to round up, for either yourself if you plan to file on your own or for your tax professional. General information and documents that will be useful include: Social Security numbers for yourself, your spouse and all dependents. Last year's federal return. If you live in a state that collects taxes, dig out that old return, too. They can serve as guides to this year's filing. Records of estimated tax payments...
Well-known Memphis executive, volunteer Glenn Cofield shot and killed
The shooting happened at the intersection of E. Parkway and Poplar Avenue late Friday night. Police sought the public's help to solve the crime.
What is the Difference Between a Dental CPA and a Standard Accountant?
What exactly does a "dental CPA" do that a traditional local accounting cannot? I'm not sure many of us can "do" anything differently. I...
IR-2019-109: Final Regulations on Charitable Contributions and State and Local Tax Credits
Internal Revenue Service (IRS) sent this bulletin at 06/11/2019 04:40 PM EDT IRS Newswire Final Regulations on Charitable Contributions and State and Local Tax Credits WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service today issued final regulations that require taxpayers to reduce their charitable contribution deductions by the amount of any state or local tax credits they receive or expect to receive in return. In a notice also issued today, the IRS stated that taxpayers may treat payments they make in exchange for these credits as state or local tax payments. This allows some taxpayers to deduct certain of the payments as taxes Treasury Decision 9864 , available today in the…
What Women Really Think Of Your Underwear
Find out what your boxers (or briefs) say about you
What to do right now to improve your 2018 tax return
Not sure what to make of the massive tax overhaul? You've got some time to figure it out.