July 26, 2011
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Comments Sought on Updated Rules for IRS Communications with Appeals Office
July 19 WASHINGTON — The Internal Revenue Service today requested public comment on proposed updates to existing rules on permissible communications between the Office of Appeals and other parts of the IRS. The updates are necessary because the IRS has made changes to some of its business practices and adopted new ones since the existing […]
Read more- July 15, 2011
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What Recession? Accounting Sector Grows 4th Month in a Row; Hours and Wages Up Also
July 15 2011 Total employment in the accounting and bookkeeping sector grew by 2,200 positions in June (preliminary, seasonally-adjusted), to 933,200, the fourth straight month of gains and the highest headcount since 944,600 in December 2008, according to new government data. The surge is being fueled by big gains in tax prep shops and in […]
Read more- July 14, 2011
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IRS Targets 100,000 Tax Professionals For Noncompliance
July 13 2011 About 1 out of every 8 of the nation’s professional tax return preparers failed to comply with new regulations for 2011, according to information released by the IRS. The IRS has announced that approximately 100,000 paid preparers prepared federal tax returns in 2011 without being properly registered. About 712,2000 paid preparers did […]
Read more- July 13, 2011
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Tip: Update on IRS Revised Guidelines for Overseas Accounts
The IRS has extended its deadline for U.S. taxpayers to enter a voluntary disclosure program regarding their offshore foreign bank accounts. The IRS decided to extend its initial Aug. 31 deadline by as many as 90 days to help taxpayers who are struggling to meet the deadline and who are making a good faith effort […]
Read more- July 13, 2011
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Technology: Mobile Payment Firms Target Small Businesses With Lower Pricing
Consumers are ready to embrace smart phone payment options as long as the systems involved are safe. The question now is: are more small businesses ready to consider using them – especially since some major providers have reduced fees in an effort to capture their business? The service is especially attractive (and much more affordable) […]
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