November 05, 2010
Andrew Presti- Author's Bio
Blog Posts
0 Comments
Stock Market: Scary Halloween or an Optimistic October?
Most would deny it, but brokers are a superstitious lot. Perhaps it is the 22nd anniversary of Black Monday on Oct. 19, but October is regarded as a spooky month. As always, opinions are divided on what the future might hold, but many market experts continue to regard recent economic data with guarded optimism while […]
Read more- November 05, 2010
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
The Cost of Doing Business in 2011
While it’s anyone guess how the economy will fare in 2011, the editors of “The Kiplinger Letter” offer up their annual predictions of what businesses can expect to spend. In summary, most everything will increase; however, there are a few surprises. Inflation and Profits Inflation is expected to have a modest gain, while the Consumer […]
Read more- November 05, 2010
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
Prepare Now for 2010 Tax Incentives
November is an ideal time of the year to begin preparing yourself for the 2010 tax season. As is the case every year, there are a few fine points to pay attention to in order to keep from paying too much – or, in some cases, facing penalties that could have been easily avoided. This […]
Read more- November 04, 2010
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
Navigating Nexus
Multistate business operations face a wide variety of state taxes. Nexus can be a hidden danger for a company with a multistate presence. Certain activities might cause nexus for sales and use tax, income tax, franchise tax or other business taxes. One key to successfully navigating these widely varying provisions is for tax professionals to […]
Read more- November 03, 2010
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
IRS Announces Pension Plan Limitations for 2011
The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2011. In general, these limits will either remain unchanged, or the inflation adjustments for 2011 will be small. Highlights include: The elective deferral (contribution) limit for employees who participate in section 401(k), […]
Read more- November 02, 2010
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
IRS Issues Procedure Adjusting Tax Credits, Amount Limits for Inflation
The Internal Revenue Service Oct. 28 issued Revenue Procedure 2010-40, which provides inflation-adjusted amounts for various tax credits, limits, and fringe benefits. Also Oct. 28, IRS issued inflation adjustments (IR-2010-108) for qualified retirement plans. Every year IRS issues a procedure identifying changes in amounts for a multitude of tax credits, fringe benefit limits, tax exclusions, […]
Read more- November 01, 2010
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
IRS Struggles With New Tax Changes
The Internal Revenue Service timely processed individual tax returns during the 2010 filing season, but implementing some new tax provisions presented challenges, according to a report released today by the Treasury Inspector General for Tax Administration. The IRS processed about 132 million individual income-tax returns and issued approximately 101 million refunds totaling $291.7 billion through […]
Read more- October 29, 2010
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
Summary of Board Decisions—FASB Board Meeting
Accounting for financial instruments. The staff summarized for the Board significant feedback received on the proposal for classification and measurement of financial instruments included in the May 2010 Exposure Draft, Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities—Financial Instruments (Topic 825) and Derivatives and Hedging (Topic 815), through […]
Read more- October 28, 2010
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
Intuit Connect 2010 – November 16
Are you utilizing the best products and services Intuit has to offer? Be one of the first to join this unique and informative virtual event sponsored by Intuit, the makers of QuickBooks. Learn about the power of Enterprise Solutions, Increasing Revenue with Payments, Saving Time with Payroll, Customer Service with Retail Solutions and the flexibility […]
Read more- October 28, 2010
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
IRS Starts Notifying 1 Million Tax Preparers of Need to Register Online
The Internal Revenue Service Oct. 25 began notifying about 1 million tax return preparers that they need to register with the IRS and renew their preparer tax identification number (PTIN) as part of the IRS’s new tax preparer regulatory regime. The IRS will be sending approximately 125,000 notification letters each week for eight weeks, IRS […]
Read more