Students, Parents, Schools: Be Aware of Back-to-School Scams

The Internal Revenue Service warns taxpayers against telephone scammers targeting students and parents during the back-to-school season and demanding payments for non-existent taxes, such as the “Federal Student Tax.” Be on the lookout for IRS impersonators calling students and demanding … Continued

Vacation Home Rental Tips

If you rent a home to others, you usually must report the rental income on your tax return. However, you may not have to report the rent you get if the rental period is short and you also use the … Continued

Understanding Your IRS Notice or Letter

You filed your taxes and now you get a letter from the IRS.  What should you do? According to the IRS your notice or letter will explain the reason for the contact and give you instructions on how to handle … Continued

Do You Have a Crisis Communication Plan?

All organizations are susceptible to crises, including accounting firms. Normally, when business owners think about the effects of a disaster they envision large catastrophic disasters that affect an entire region. The truth is, there are many types of disasters that … Continued

23rd Annual Meeting Takeaways

This year’s annual meeting was in San Diego, California. We had over 35 members and prospects attend the meeting, including three members from our international affiliate, Auditrust. Below is a quick summary. M&A The merger and acquisition scene isn’t slowing … Continued

5 Tips for Children With Investment Income

Special tax rules may apply to some children who receive investment income. The rules may affect the amount of tax and how to report the income. Here are five important points to keep in mind if your child has investment … Continued

2016 Tax Scams: Watch Out for Fake Charities

The Internal Revenue Service warns taxpayers about groups masquerading as charitable organizations to attract donations from unsuspecting contributors, one of the “Dirty Dozen” for the 2016 filing season. “Fake charities set up by scam artists to steal your money or … Continued