News Updates

Audit Committee: Do We Need One?

March 31, 2010

Does your organization have an audit committee? Have you ever considered proposing the implementation of one to your board of directors? Let’s take a closer look into audit committee responsibilities and why having one can be important for your business.

New Tax Provisions with the Health Care Act

March 27, 2010

There are many tax provisions in the health care bill signed into enactment Monday. Some of these provisions go into effect immediately, and some extend into 2017.

New Tax Benefits Aid Employers

March 19, 2010

Two new tax benefits are now available to employers hiring workers who were previously unemployed or only working part time. These provisions are part of the Hiring Incentives to Restore Employment (HIRE) Act enacted March 18, 2010.

Starting Your New Business

March 1, 2010

Are you aware of the critical financial decisions you will confront in starting your new business? In assembling this team, the best place to start is with friends and business associates who can provide quality referrals. The right person in each position on your team can save you vast amounts of time and energy while providing cost effective solutions to the hurdles you face each day.

Mandatory E-Filing is Coming

March 1, 2010

Are you currently filing your tax returns electronically? Congress recently passed legislation that will require tax return preparers to e-file all income tax returns for individuals, estates and trusts. This rule goes into effect for returns filed after December 31, 2010. Individuals who file their own returns will still have the option of e-filing or paper filing.

Understanding Uncertain Tax Positions

March 1, 2010

By now you should have at least heard about Financial Accounting Standards Board Interpretation No. 48 (“FIN 48”), Accounting for Uncertainty in Income Taxes. FIN 48 has been superseded by the Accounting Standards Codification (“ASC”) 740-10, but is still referred to as FIN 48. Most calendar year organizations are now subject to the provisions of FIN 48, and most non-profit organizations with a June 30 year-end will be subject to its provisions come this June. Yes, I did say non-profit organizations. FIN 48 applies to all entities that prepare financial statements under generally accepted accounting principles (“GAAP”), and it affects the year of implementation, and all years under the statute of limitations for each applicable taxing authority. So, what are the requirements?

Audit Committee: Do We Need One?

New Tax Provisions with the Health Care Act

New Tax Benefits Aid Employers

Starting Your New Business

Mandatory E-Filing is Coming

Understanding Uncertain Tax Positions

New Website

Looking for a Tax Break?

Peer Reviewer Services