Are You Willing to Sleep in Front of the Fire? |
 There is a story attributed to Ben Franklin that carries a profound message that you and your clients should heed.
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Common Form 1040 Errors |
When you come to Southard, Beckham, Atwater & Berry for individual income tax preparation, we will ask you to bring in copies of your prior years' tax returns.
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Effects of Emergency Economic Stabilization Action Provisions on Individuals |
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January 21, 2009 Editor's note: This article appears in the January 2009 issue of The Tax Adviser, the AICPA's monthly journal of tax planning, trends and techniques.
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Green Energy Incentives Among Recovery Act's Tax Provisions |
From fitting a home with energy-efficient windows to harnessing the power of waves and tides, activities that conserve energy or produce it from clean and renewable sources enjoy new or expanded tax credits in the American Recovery and Reinvestment Act of 2009 (ARRA).
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How Long Should Personal And Tax Records Be Kept? |
Here are some general guidelines that may help you get rid of some of those personal and tax-related documents you no longer need to keep on hand.
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Individual Tax Breaks in the Stimulus Package |
With its new and expanded tax benefits for individuals, the American Recovery and Reinvestment Act of 2009 seeks to get more money into the pockets of American consumers.
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IRS Announces Revisions to Form 941 |
The IRS announced that in mid-March it will start sending employers new Forms 941, Employer’s Quarterly Federal Tax Return.
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IRS Explains How Unmarried Taxpayers Allocate First-Time Homebuyer Credit |
The IRS has issued Notice 2009-12 to explain how the IRC § 36 first-time homebuyer credit should be allocated between unmarried taxpayers who buy a principal residence together.
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IRS Lowers Interest Rates on Over and Underpayments |
The IRS announced that interest rates on tax overpayments and underpayments will drop by one percentage point for the quarter starting April 1 (Rev.
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IRS Releases Guidance For Ponzi Scheme Investors |
Because the Ponzi scheme perpetrated by Bernard Madoff involved potentially thousands of taxpayers, the IRS has issued guidance on the tax aspects of losses from a Ponzi scheme and created a safe harbor under which investors can claim theft loss deductions.
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IRS Releases New Withholding Tables |
The IRS on Monday released withholding tables that reflect a new tax credit, dubbed the making work pay credit, created by the stimulus package.
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IRS Updates Maximum Values for Employee Automobile Use |
The IRS has updated for 2009 the maximum allowable value of an employer-provided vehicle for which the cents-per-mile and fleet-average rules may be used in determining the value of an employee’s personal use of the vehicle as a taxable fringe benefit.
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Pull the Plug on Employee Theft |
Not all crooks roam the streets at night. Some might be roaming your company hallways, stealing cash, forging or altering checks, and pilfering your inventory and property.
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Small Business Tax Breaks in the Stimulus Package |
The American Recovery and Reinvestment Act of 2009 contains numerous tax provisions aimed at small businesses.
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Study: 401(k) Plan Participants |
Regardless of age, most 401(k) plan participants take lump-sum cash payments when changing jobs, which could be a costly mistake, according to a report by management consulting firm Hewitt Associates.
 URL: www.hewittasia.com/hewitt/ap/resource/newsroom/pressrel/2000/05-30-00.htm |
Support Your Auto Expenses |
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February 23, 2009 Auto expenses are a very common deduction for business owners and employees who must travel.
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Taxes in Troubled Times |
The IRS has acknowledged there’s plenty of pain to go around in the current economic downturn. Financially strapped taxpayers can take advantage of several relief initiatives and provisions that could lessen their tax bite.
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The Case of the Pilfering Purchasing Manager |
"Chris, we have a problem," said the voice on the other end of the line. "Our purchasing manager, Bruce, is on vacation and we think we have discovered some irregularities.
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The Redesigned Form 990 |
BY BONNIE M. WYLLIE
MARCH 2009
Most nonprofit organizations are now reviewing their first redesigned IRS Form 990 and its many new information requirements designed to enhance transparency and accountability.
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Why Are You in Business? |
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Why forming a mission statement is critical to your marketing strategy If you don’t know the answer to the question we pose in this headline, your customers surely won’t either.
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With Web Portals, Enjoy 24/7 Access to Your |
In today’s busy, competitive environment, we at Southard, Beckham, Atwater & Berry, CPA, PS understand that you are often working well beyond traditional business hours, leaving little time for anything else.
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