August 17, 2011

Sponsored Links:
Uni-Data's QuickBooks® Hosting & eFileCabinet Document Management
FREE CPA Engagement Letters
Case Study and complimentary CPE on Building a Profitable Payroll Business
Prepare your clients for upcoming 401(k) regulations
A new regulation set forth by the Department of Labor (DOL) states that 401(k) plan vendors will have until April 1, 2012, to disclose fees to plan sponsors, while plan sponsors will have until May 31, 2012, to disclose fees to employees on their quarterly statements.
Read On...

Congressional Super Panel to debate tax reform behind closed doors
The special committee, which is meeting in secrecy, will begin its work after Labor Day. It has until November 23, 2011, to present recommendations to Congress. Although no one knows what solutions, if any, will emerge from these sessions, tax reform is certain to be on the agenda.
Read On...

AICPA letter requests extension for 2010 decedent tax forms
The AICPA has requested that the IRS issue a blanket extension of time to file the 2010 Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return, and the 2010 Form 8939, Allocation of Increase in Basis for Property Acquired from a Decedent, for the estates of persons who died in 2010.
Read On...

Warren Buffett: "Stop coddling the super-rich"
Billionaire investor Warren Buffett, chief executive of Berkshire Hathaway (BRKA, Fortune 500), wrote in an op-ed piece published Sunday, Augsut 14, 2011, in The New York Times that taxes should be raised on Americans who make at least $1 million per year.
Read On...

IRS explains dependent care credits for kindergarten costs
As a new school year beckons, parents may be enrolling their young children in kindergarten and various other after-school programs. Can taxpayers claim the dependent care credit for any part of those expenses? In final regulations, the IRS recently spelled out definitive guidelines for determining eligibility for the credit.
Read On...

IRS customer service is good but needs to be better
The Internal Revenue Service (IRS) still needs to improve the quality of its customer service, according to the latest report issued by the Treasury Inspector General for Tax Administration (TIGTA).
Read On...

Is it time for major tax reform? The new congressional committee on deficit reduction that was organized in conjunction with raising the debt ceiling has been given the task of finding ways to reduce government spending and raise revenue. Some speculate that a major tax act could come out of this panel and be enacted in 2012. Not only would new tax legislation give accountants plenty to share with their clients, but changes in the tax laws could potentially wreak havoc with 2012 elections. This week, Ken Berry examined some of the key issues that will likely be discussed behind the closed doors of the Super Panel.
Read On...
Best wishes,
Gail Perry, CPA

Uni-Data's QuickBooks® Hosting & eFileCabinet Document Management

Uni-Data's QuickBooks® Hosting and eFileCabinet document management
Accountants and clients access financial data and documents simultaneously and securely. All Intuit-supported versions of QuickBooks® Pro, Premier and QBES. SAS70 type II datacenters. 24x7 live support. Nightly back-up. As low as $38/mo/user. Uni-Data is an Intuit Authorized Commercial Host (U.S./Canada).
718 445-5600.

Free CPA Engagement Letters

Limit your liability with FREE CPA Engagement letters. Manage the expectation gap between your firm and the clients you serve so that there are no surprises. CPA Mutual has worked hard to build lasting relationships and we have maintained above-average retention rates and outstanding member loyalty.

Case Study on Building a Profitable Payroll Business

Build your brand and scale your business with SurePayroll's flexible payroll solution designed specifically for Accountants who want the control but not all the work. Download our Reseller case study to learn more!

Market Your Product Through AccountingWEB!

Our advertising programs offer a variety of elements and methods which may be combined or used individually as your marketing initiatives dictate. All campaigns include full metrics to measure impact and effectiveness.
Linda Monroe
Account Executive
E-mail me
Nicole Jones-Kinney
Account Executive
E-mail me
Unsubscribe from the monthly Tax e-newsletter

Copyright © 2011, Sift Media US, Inc. All rights reserved.
P.O. Box 2252, Westerville, OH 43086-2252

The Sift Media Portfolio includes: | |