Managing receivables is difficult in the best of times, and these challenges have been made even more difficult by the current economic environment. But there are several steps your CPA firm can take. Get a… Read More »Dealing With Clients in Financial Distress
The Tax and Accounting office of Certified Public Accountant can assist you in choosing the right legal form for your business. Choosing the proper business entity is a complex matter, which should be handled by… Read More »Built-in Gains Tax
The new health insurance legislation imposes significant new tax reporting requirements. In essence, you will have to report most annual payments for goods and services exceeding $600 — including payments to corporations — on Form… Read More »Plan Ahead: New 1099 rules
A common approach used by many business owners is to hire their spouse as an official employee. Hiring your spouse as an official employee can have some disadvantages; however, there are least six tax benefits… Read More »Tax incentives for employing a spouse
It is important to acknowledge that many individuals are in debt, therefore you among many struggle to get rid of it. However, debt is not essentially a negative thing. Wanting to be free of debt… Read More »A Smart Way to Payoff Debt
The Department of Transportation has published a final rule extending the date for mandatory use of its updated Alcohol Testing Form from Aug. 1, 2010, to Jan. 1, 2011. On February 25, 2010, the Department… Read More »Procedures for Transportation Workplace Drug and Alcohol Testing Programs
Senate Rejects Bill Extending Biodiesel Credit The Senate has voted down the bill to extend the biodiesel credit. The longer the industry goes without the tax break, the greater the impact, National Biodiesel Board CEO… Read More »Bill Extending Biodiesel Credit
According to the Department of Energy, there has been a drop in the price of diesel by 1.8 cents this week. Information published by the Energy Information Administration, indicated the average price of diesel for… Read More »Decline in Diesel Price
The IRS has issued guidance to help small business owners cope with new requirements in the monumental health care legislation. (IR-2010-38) Under the new health care law, a small business is eligible for credit for… Read More »Health care credit for businesses
Under a pending Federal Motor Carrier Safety Administration proposal, carriers that use electronic recorders will get a break on the list of documents required to prove they are in compliance with the hours of service… Read More »FMCSA to Propose Easing of Supporting Documents for EOBR Users
Do-It-Yourself Promotion Stay in the same spot these days, and pay raises are almost nonexistent. Your best defense? Position yourself for a higher paying job. Your tool for a promotion? A well-planned strategy, says Bob… Read More »Take Action
At a White House Rose Garden ceremony this morning, President Obama signed a policy calling on two federal agencies to develop national standards for fuel economy and greenhouse gas emissions for medium and heavy trucks.… Read More »Obama Signs Policy Calling for Truck Fuel Economy Standards