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Accounting News

Get ready to take the guesswork out of paycheck withholding

The tax filing season is quickly approaching. With that in mind, taxpayers should remember there’s still time to make an estimated or additional tax payment to ensure their tax withholding is still accurate. Those who need to make an estimated tax payment for 2019...

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Taxpayers should be on the lookout for new version of SSN scam

Taxpayers should be on the lookout for new variations of tax-related scams. In the latest twist on a scam related to Social Security numbers, scammers claim to be able to suspend or cancel the victim’s SSN. It’s yet another attempt by con artists to frighten people...

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IRS Reminds Small Businesses About EFTPS Benefits

The IRS has reminded small business owners that the Electronic Federal Tax Payment System (EFTPS) has features that can help in meeting their tax obligations. The EFTPS is secure, accurate, easy to use, and provides an immediate confirmation for each transaction....

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Four common tax errors that can be costly for small businesses

A small business owner often wears many different hats. They might have to wear their boss hat one day, and the employee hat the next. When tax season comes around, it might be their tax hat. They may think of doing their taxes as just another item to quickly cross...

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FASB Approves Proposed Effective Date Delays

FASB Approves Proposed Effective Date Delays Earlier this month the Financial Accounting Standards Board (FASB) approved its August 2019 proposal to delay the effective dates on key standards for private companies, not-for-profits, and certain small public companies....

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