Category Archives: Demand for accounting services

Five Tips for Recently Married or Divorced Taxpayers with a Name Change

If you changed your name after a recent marriage or divorce, the IRS reminds you to take the necessary steps to ensure the name on your tax return matches the name registered with the Social Security Administration. A mismatch between … Continue reading

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Safeguard Your Refund – Choose Direct Deposit

Direct deposit is the fastest, safest way to receive your tax refund. When a taxpayer combines e-file and direct deposit, the IRS will likely issue your refund in as few as 10 days. Here are four reasons more than 79 … Continue reading

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The social media rabbit hole: How to grow your networks and manage your time

One of the biggest complaints about social media is that it takes too much time to manage. As entrepreneurs, we are already strapped for time and adding one more thing to the To Do list can sound nearly impossible. But … Continue reading

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Identity Theft Crackdown

Identity Theft Crackdown Sweeps Nation with More than 200 Actions Taken in Past Week The Internal Revenue Service and the Justice Department announced the results of a massive national sweep cracking down on suspected identity theft perpetrators as part of … Continue reading

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Due Diligence Checklist, Extended Filing Deadline and Payroll Tax Cut

The IRS is continually issuing various press releases regarding changes in tax laws and procedures. In this article, we share information on the final regulations regarding the requirement for all paid tax preparers to file a due diligence checklist when … Continue reading

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When a client leaves or loses a job

These 10 planning considerations can help clients manage finances through periods of unemployment. By Michael J. Aloi Given the continued weakness in the economy and an unemployment rate still above historic norms, now is a good time to review the … Continue reading

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One cure for accounting shenanigans

Should accountants have term limits? The Public Company Accounting Oversight Board, which regulates auditing firms, is asking whether long tenure might lead to complacency. Late last year, the board sought opinions on whether it should require listed companies to rotate … Continue reading

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Are You a Great Boss?

If you have a support staff at your practice, it’s important that you ask yourself this question. Unless you manage well, your employees will suffer from poor morale and lack of motivation. It’s important that you ensure you’re putting forth … Continue reading

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Teaching ethics is the latest chapter in U.S. accounting scandals

An accounting firm performs a questionable audit, blindly accepting inflated revenue values, glossing over the client’s “creative financing techniques.” Eventually, that company collapses, taking with it the number crunchers, whose reputation is now as worthless as their client’s stock. It’s … Continue reading

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A taxpayer’s nightmare: the IRS audit

It’s a taxpayer’s worst nightmare: the letter in the mail from the Internal Revenue Service. “It creates a lot of anxiety,” said Bob Meighan, a vice president at TurboTax, the tax preparation software. Sometimes the mailed notices are benign: You … Continue reading

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