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THE SECRET TO SUCCESS

How finding and retaining talent can drive your success Being a CPA allows me to see far more than just financials. I get the privilege of seeing and working with some pretty exciting businesses and entrepreneurs. I’ve seen great ideas lead to great things and I’ve seen big ideas...... Read More

2016 MILEAGE RATES RELEASED

The IRS has announced that the optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) will decrease to 54¢  per mile for business travel after 2015. This rate can also be used by employers to provide tax-free reimbursements to employees who supply their own...... Read More

TAX SCAM TARGETS HOOSIERS

A national telephone scam is targeting Indiana communities. Several Hoosiers have received threatening telephone calls from scam artists claiming to represent the Indiana Department of Revenue. The department does not call taxpayers without first corresponding through mail and does not threaten to use local law enforcement. “It’s important that...... Read More

2015 MILEAGE RATES RELEASED

The IRS has announced that the optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) will increase by 1.5¢ to 57.5¢ per mile for business travel after 2014. This rate can also be used by employers to provide tax-free reimbursements to employees who supply...... Read More

2014 TAX EXTENDERS SIGNED INTO LAW

The President recently signed into law the “Tax Increase Prevention Act of 2014,” once again extending a package of expired or expiring individual, business, and energy provisions known as “extenders.” The extenders are a varied assortment of more than 50 individual and business tax deductions, tax credits, and other...... Read More

QUICKBOOKS 2015 – WHAT’S NEW AND IMPROVED?

As a QuickBooks ProAdvisor, I look forward to the new features and improvements of QuickBooks each year.  With the release of QuickBooks 2015 occurring just a few weeks ago, we are all still learning this version, but are looking forward to some of the new features including enhanced reports;...... Read More

IRS RELEASES THE “DIRTY DOZEN” TAX SCAMS FOR 2014

The IRS has released it’s annual “Dirty Dozen” tax scams.  Tax season is a prime time for criminals to take advantage of people, and for taxpayers to be tempted to falsify or hide information in an effort to not pay the taxes that are owed.  It is imperative that...... Read More

IRS UPDATE FOR RESTAURANTS: LARGE PARTY MINIMUM GRATUITY-TIP OR SERVICE CHARGE?

Traditionally, many restaurants include a standard minimum gratuity or minimum tip as part of the charge for large parties.  The IRS has ruled that, effective January 1, 2014, if customers are required to pay a certain minimum tip, this is a service charge as opposed to a tip.  If...... Read More

GOVERNMENTAL SHUTDOWN: DOES THIS AFFECT THE OCTOBER 15TH TAX DEADLINE?

The top news story today is how the first governmental shutdown in 17 years is affecting our country. We know that the main conflict is the Affordable Care Act and that nearly half of the 23,000 federal workers in Indiana are furloughed, national parks are closed, and the processing...... Read More

Employer Mandate for Healthcare Reform Delayed

On July 2, 2013, Assistant Secretary for Tax Policy at the U.S. Department of Treasury, Mark Mazur, announced in an IRS blog post that the Service will postpone for one year the health insurance information reporting requirements of the 2010 Affordable Care Act. The announcement indicated that further guidance...... Read More

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