11 new IRS Compliance Campaigns

IRS LB&I Division Announces Additional Compliance Campaigns: Earlier this year, the IRS's Large Business and International (LB&I) division adopted a [...]

How to Collect Tax Benefits for Business Bad Debts

From a business perspective, there’s practically nothing worse than providing goods or services to a customer or client and not getting paid. Or maybe [...]

Employees or Contractors: Which Should a Business Hire?

Busy season has arrived and with it comes longer days and increased workloads. As you help your clients prepare for tax season, it’s imperative that you [...]

IRS: Make Sure Loans are Business-Like

Parents and grandparents often lend money to their children or grandchildren to help with major expenditures like education, a wedding or the purchase of a [...]

Loaning Money to Your Family, Friend, or Business?

Neither a lender nor a borrower be, said Shakespeare―but for many of us, that’s just not practical advice. Jack’s son, Liam, is buying a vacation [...]

The Only Three Reasons Entrepreneurs Need Accounting and Finance

Observing finance and accounting professionals – or the way academics at most business schools train them – might lead you to believe that finance and [...]

NRIs guide to property received as gift

The set of tax and regulatory implications for properties received by NRIs as gift are vastly different from those received as inheritances. In this article, [...]

Moving Out of the Home Office — Four Tips for Growing Businesses

Did you know that an astonishing 52 percent of small businesses are home-based? That’s according to the SBA’s Office of Advocacy. Running a home-based [...]

2011 Business and Corporate Tax Rates with Small Business Jobs Act Tax Changes

With the passing of the Bush-era tax cuts and small business jobs act tax provisions, a number of tax laws will come into effect this year. Here is a summary [...]

Business e-file Delay

The IRS announced today that the start date of business return e-file – 1120, 1120S, 1065 and 990 returns – has been delayed to January 12, 2011 (formerly [...]