April 23, 2015

Rosenberg Associates Opens Annual CPA Firm Survey

Rosenberg Associates has begun its annual survey of CPA firms.

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Posted by Michael Cohn at 04:10PM | Comments (0)

April 21, 2015

Museum of Sex Didn't Pay Sales Taxes

New York City’s Museum of Sex hasn’t paid any sales taxes for four years and is now facing an $82,192 tax lien from state tax authorities.

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Posted by Michael Cohn at 02:00PM | Comments (0)

April 20, 2015

Financial Worries Linger Despite Economic Growth

Even though the economy is doing relatively well this year, that doesn't mean the average person isn't still worried about their own financial outlook.

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Posted by Michael Cohn at 05:31PM | Comments (0)

April 17, 2015

A Romantic Comedy Spoof for the Tax Preparer at Heart

The Web series Nacho Punch recently posted a funny new video for Tax Day satirizing trailers for romantic comedies, this one involving an accountant named Beth and a hapless taxpayer named Ben who fall in love over his taxes.

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Posted by Michael Cohn at 05:06PM | Comments (1)

April 16, 2015

Snickers Really Didn't Satisfy the Tax Court

The candy-maker Mars Inc. rolled out a tongue-in-cheek video this week in time for Tax Day to commemorate a 2013 Tax Court decision in which the court ruled against a taxpayer who tried to write off the cost of a Snickers bar as a tax deduction.

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Posted by Michael Cohn at 05:16PM | Comments (6)

April 15, 2015

Small Businesses on the Rebound

Small businesses are benefiting from the improving economy, and both hiring and access to credit have been picking up in recent years, even though there have been some recent slowdowns.

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Posted by Michael Cohn at 04:57PM | Comments (0)

April 14, 2015

What are the Chances of Your Clients Being Audited by the IRS?

The nonprofit organization Tax Analysts has created an interactive bar graph of audit rates to provide information on the chances of being audited by the Internal Revenue Service depending on different business types and individual income levels.

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Posted by Michael Cohn at 03:41PM | Comments (0)

April 13, 2015

John Oliver Gets Michael Bolton to Sing a Song for the IRS

Comedian John Oliver, host of the HBO series, “Last Week Tonight,” defended the Internal Revenue Service on his show Sunday evening, with the assistance of singer Michael Bolton.

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Posted by Michael Cohn at 04:36PM | Comments (0)

April 9, 2015

Best and Worst States to Be a Taxpayer

The consumer finance site WalletHub has created a ranking of the best and worst states to be a taxpayer.

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Posted by Michael Cohn at 01:20PM | Comments (1)

April 8, 2015

FASB Revenue Recognition Deferral Gives Companies Extra Time to Adjust

The Financial Accounting Standards Board appears to be poised to delay the effective date of its new revenue recognition standard by a year, giving U.S. companies more opportunity to adapt to the changes.

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Posted by Michael Cohn at 04:15PM | Comments (0)


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