December 2016

Safeguarding Taxpayer Data – Make a Security Plan

Cybercriminals want sensitive client data that tax professionals have, so the tax preparation community is a target. As a tax professional, you can take the initial step to safeguard taxpayer data by assessing your risks and making a security plan. It’s more important than ever that tax professionals take aggressive steps to protect taxpayer information. …read more

2016 Year-End Tax-Saving Tips for Businesses

2016 Year-End Tax-Saving tips for Businesses As 2016 to a close, many owners are seeking out tax savings opportunities to take advantages of before the next year begins. When many factors complicate tax planning this year, including political and economic uncertainty, and economic uncertainty, and Congress’s all too familiar failure to act on a number …read more

Monumental changes in store for tax policy in new year

Bloomberg BNA’s Daily Tax Report released its 2017 Outlook, forecasting major changes to tax and accounting policies under the incoming Trump Administration and a Republican Congress. “There is no doubt that 2017 will be a milestone year for tax policy along the lines of 1986 and 1954,” said George Farrah, editorial director of tax and …read more

Year-End Tax Tips

Steps to take before the New Year for a better tax return in 2017  Moving forward With Dec. 31 just around the corner, it’s time to start thinking about next season – and to make any last-minute moves that might improve a client’s tax position. With that in mind, here’s a list of tax tips for …read more

IRS, Partners Urge Taxpayers to Beware of IRS Impersonations and Tax Scams

If you get a call from the “IRS” threatening you with lawsuits or jail unless you pay up immediately … Guess what? It’s a scam. IRS impersonation and tax scams by phone, email, postal mail and text are ongoing. Criminals use more  and more creative ploys to trick taxpayers and tax preparers. Don’t be a …read more