The Affordable Care Act, often referred to as “Obamacare,” is finally fully active and the reporting requirements for employers are plentiful. Here is a link to Intuit’s ACA Survival Guide and some highlights of what you need to know for 2015 … Read the rest

“How long should I keep a deceased person’s tax records?” Accountants are often asked this question and the answer is, “It depends.” The Basics The IRS’s statute of limitations for an audit is three years but we recommend that you … Read the rest

The battle continues around internet sales tax. Reuters reported: U.S. House votes for permanent ban on Internet access taxes By David Lawder WASHINGTON (Reuters) – The House of Representatives voted on Tuesday to permanently bar U.S. states from taxing Internet … Read the rest

 A recent statement from the IRS reads: Criminals looted private data from 100,000 IRS accounts IRS has issued a statement in which it announced that criminals gained unauthorized access to information on approximately 100,000 tax accounts through IRS’s “Get Transcript” … Read the rest

When starting a business there are thousands of details to consider, and hundreds of choices to make. One of the most important considerations is your type of business entity. Below are some common options, so you can make a more informed decision. CCH … Read the rest