It is time to update my summary of online/cloud/SaasS bookkeeping apps. This was originally an answer to a question on Quora about what is the best cloud accounting solution for a small business. The answer is that the best…
It is time to update my summary of online/cloud/SaasS bookkeeping apps. This was originally an answer to a question on Quora about what is the best cloud accounting solution for a small business. The answer is that the best…
The Internal Revenue Service has adopted specific regulations to govern how related businesses should determine pricing and allocate profits among related businesses. This is of particular interest to US businesses that are controlled by non-US taxpayers either directly or through…
If you haven’t tried IRS e-file before, now is the time. Most taxpayers – more than 80 percent – file electronically. The IRS has processed more than 1 billion individual tax returns safely and securely since the nationwide debut of…
As part of its efforts to simplify tax reporting, the IRS will offer a new simplified Home Office Deduction beginning with 2013 tax returns (the one you will file in April 2014). To qualify for a home office deduction, a…
As a result of last minute wrangling and voting, Congress extended many of the lower tax rates and exemptions that were scheduled to expire on December 31. Here is a summary of the key provision from the “American Taxpayer Relief…