– The Latest –
The state showed improvement in six business, financial and industrial categories. Read More
The Obama administration released its fiscal year 2017 budget containing a number of tax increases on high-income taxpayers, oil and foreign income, along with tax breaks for the middle class and small businesses, plus a provision giving the Treasury Department the explicit authority to regulate all paid tax preparers. Read More
The IRS issued additional inflation adjustments for 2016, necessitated by the December passage of the Consolidated Appropriations Act, 2016, P.L. 114-113 (Rev. Proc. 2016-14). Read More
– How To –
Tax season is in full swing, which means tax preparers and their clients will be collaborating. For many, the tool of choice for sharing information electronically will be e-mail. However, when relying on e-mail to share Social Security numbers, financial statements and 1098 forms, professionals and individuals alike are putting themselves at risk.
We know that two-thirds of large scale transformation efforts fail. But that’s not a terribly helpful piece of information―unless we’re looking for confirmation that this is hard, really hard. What is useful is to understand what leaders can do to substantially increase the odds that their companies won’t be among the two-thirds of those that fail.
You work in a profession poised for continued growth. The tax industry currently employs 451,000 CPAs and has grown by 4.1 percent in the past year alone. So, here are five “resolutions” you should make during this busy season to prepare you for growth in 2016 and beyond.
– Upcoming –