We are now approaching the third year of the redesigned form 990 with its 14 new lettered schedules.
Are Your QuickBooks Company Files Tamper-Proof?
Every month, we provide information on how to better use QuickBooks. By implementing the best methods for managing your accounting data, you can actually improve your financial bottom line.
June 30 Deadline for Foreign Bank Account Reporting
You may need to fill out Treasury Department Form 90-22.1 (PDF) every year if you own, or have an interest in, any foreign bank accounts or other types of financial accounts based outside the United States. This report is separate from your income tax return, although the two reports can be interrelated.
Nonprofit Organizations: Are You Prepared For The Unknown?
There could be a fine line between being a “rich” organization; having several months of operating reserves…
Voted ‘Best Of Chapel Hill’
The editors of Chapel Hill Magazine have announced that Blackman & Sloop, CPAs, P.A. has been selected by our readers as “The Best Accountant” in Chapel Hill.
Expanded 1099 Requirements Repealed
With the passage of the Patient Protection and Affordable Care Act and the Small Business Jobs Act during 2010, you might have heard of new reporting requirements for Form 1099.
Latest Information On Health Care Benefits Reporting
Originally, with the passage of the new health care law, beginning in 2011, employers were to report health care benefits for employees. This amount would be reported on each employee’s form W-2, but it would not affect an employee’s individual taxable income.
IRS New Voluntary Disclosure
The Internal Revenue Service announced on February 8, 2011, a new voluntary disclosure initiative to encourage individuals with undisclosed income from hidden offshore accounts to get current with their federal tax obligations.
Small Businesses Optimistic About Growth
The results of a recent survey show that small businesses are poised for progress.
Estate Tax Relief Provisions
Are you an executor of an estate? The legal and tax ramifications can be daunting. However, Congress has provided some relief from the burden of taxation.