The IRS estimates $1 Billion in refunds for unfiled 2013 tax returns. The IRS grants a 3 year window to file a tax return in order to receive a refund if you are owed one. It is very interesting that so many people have not filed their 2013 tax return. The IRS estimates the midpoint for potential refunds for 2013 at $763.
Although tax season doesn’t officially begin until next week, it is important to get ready and file as early as possible to avoid any unneeded stress by using these tips to prepare for the 2017 tax season now.
Earlier this year new overtime rules were published modifying the regulations under the Fair Labor Standards Act (FLSA). The final rules are effective December 1, 2016.
The rulings may impact the way you classify and compensate your employees.
As we near the 4th quarter, small business owners and individuals should begin thinking ahead as the 2016 tax season is right around the corner.
The federal highway funding extension bill contains several tax provisions, including changing the due dates for partnership and corporate tax returns. Other changes affect mortgage interest statements, basis of inherited assets, and the six-year statute of limitation. Read more about it at http://www.journalofaccountancy.com/news/2015/jul/tax-return-due-dates-changed-201512746.html.
On September 11, 2016, The Arkansas Society of Certified Public Accountants (Arkansas CPA Society) will mark its 100th anniversary. The organization has since grown to become one of the largest professional associations in Arkansas with more than 3,600 members.
To recognize the centennial anniversary, Arkansas Governor Asa Hutchinson has issued an official Proclamation, declaring September 11, 2016 as Certified Public Accountants Day, to honor and celebrate the Centennial anniversary of the Arkansas Society of CPAs and to increase awareness of the significance of the organization and its importance. Allen Pierce, was among the distinguished group of CPA’s invited by Arkansas Governor Asa Hutchinson to celebrate such an important event for the accounting industry.
Whether you are a large corporation or a small business owner working from home, we all are exposed to Identity Theft. Identity theft is the deliberate use of someone else's identity, usually as a method to gain a financial advantage or obtain credit and other benefits in the other person's name, and perhaps to the other person's disadvantage or loss. The person whose identity has been assumed may suffer adverse consequences if they are held responsible for the perpetrator's actions. Identity theft occurs when someone uses another's personally identifying information, like their name, identifying number, or credit card number, without their permission, to commit fraud or other crimes.
Why do I need to hire a CPA? This is a question we hear often, and in this blog we will provide you with 8 reasons why you should hire a certified public accountant.
CPAs act as advisers to individuals, businesses, financial institutions, nonprofit organizations, and government agencies on a wide range of financial matters.
Earlier this month, the United States Department of Labor (DOL) published regulations that modified certain provisions of the Fair Labor Standards Act (FLSA). Specifically, the regulations increase the minimum salary for an employee to be exempt from FLSA overtime requirements. The following are some frequently asked questions regarding these changes.