Ethical Concerns in Using Tax Planning Software
What are my ethical responsibilities when I use software to produce a tax plan? In the world of taxes, there are many ethical issues that
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Oil and Gas: Where is the opportunity?
By Chase Ravsten, Vice President of Vistia Capital Investing in oil and gas can offer potential advantages: Oil and gas are still a staple of
Tax Deductions for Business Vehicles: Using Standard Mileage vs Actual Expenses
New business owners may be excited to learn that the IRS also allows them to deduct their annual business mileage as a business expense. However,
Tax Deductions for Business Vehicles: Section 179 vs. Bonus Depreciation
When it comes to vehicle tax deductions, tax planners face a number of challenges—from keeping up with recent changes to the tax rules to educating
Accounting Pricing Strategy
Accounting Pricing Strategy One of the most difficult, yet important, issues you must decide as tax business owner is how much to charge for your
Limiting the Substance Over Form Doctrine
At the end of 2018, to the dismay of the IRS and the Tax Court, the Second Circuit joined the First and Sixth in reversing
Conservation Easements Make the IRS Dirty Dozen Tax Scam List
The IRS has put conservation easements on its annual “Dirty Dozen” list which, says the IRS, “represents the worst of the worst tax scams.” The
How State and Local Tax Refunds Affect Gross Income for the Following Year
The IRS published Revenue Ruling 2019-11 at the end of March 2019 in order to answer questions that arose due to limitations imposed on itemized
7 Marketing Tips for Your Tax Business
As you look ahead to tax season, and beyond, here are seven inexpensive marketing tips to get the year started on the right foot.
Developing Your Accounting Firm’s Plan
What are your accounting goals? Many firms want to grow and expand. However, other businesses want to focus on: At the same time, owners often
GoFundMe Receipts and IRS Rules
Aside from contribution-only donations to established 501(c)(3) charities, the gift/non-gift distinction has always been rather subjective. For example, assume you give money to a children’s