The North Carolina Department of Revenue (NCDOR) explains what the Federal Tax Increase Prevention Act of 2014 means for North Carolina’s corporate and individual taxes. Read more HERE.
The North Carolina Department of Revenue (NCDOR) explains what the Federal Tax Increase Prevention Act of 2014 means for North Carolina’s corporate and individual taxes. Read more HERE.
While tax returns are becoming more complicated this year, don’t expect a lot of help from the IRS. The agency says only half of the 100 million people expected to call this year will be able to get through and…
The Financial Accounting Standards Board (FASB) has issued a new Generally Accepted Accounting Principles (GAAP) alternative that is designed to make accounting for certain intangible assets acquired in a business combination less costly and less complicated for private companies. Accounting…
The Securities and Exchange Commission wants companies to tighten accounting procedures and controls when it comes to statement of cash flows, amid a steady rise in restatements associated with that particular financial document.
Following the passage of the extenders legislation, the Internal Revenue Service announced today it anticipates opening the 2015 filing season as scheduled in January. The IRS will begin accepting tax returns electronically on Jan. 20. Paper tax returns will begin…
Certain owners of individual retirement arrangements (IRAs) have a limited time to make tax-free transfers to eligible charities and have them count for tax-year 2014, per a statement from the IRS. IRA owners age 70½ or older have until Wednesday,…
On Dec. 19, President Obama signed into law H.R.5771, the “Tax Increase Prevention Act of 2014” (TIPA). The bill generally provides for a 1-year extension, through 2014, of over 50 expired or expiring individual, business, and energy provisions, many of…
Selecting an auditor to evaluate your employee benefit plan is not as simple as one might think. Not all auditors are created equal and there are several things to consider. Read all about it HERE.
With just over two weeks left in the 2014 calendar year, the Senate finally made up its mind about the tax extenders bill. The bill, which extends the life of a number of tax breaks through 2014, passed the Senate…
The House moved on Monday toward a vote to restore a slew of expired tax breaks, though only through the end of this year. The vote on a short-term extension, expected as soon as this week, would come after a…