5 Tips for How to Prepare for an IRS Audit
No business owner wants to be faced with an IRS audit, and some may never have to, but if you…
National Taxpayer Advocate’s Report Aims to Shift More IRS Dollars to Helping Taxpayers
In her National Taxpayer Advocate report to Congress this past Tuesday, Nina Olson detailed the annual IRS appropriation of $11.2…
A Closer Look: FASB’s Amendments to Topic 606, Revenue From Contracts With Customers
With ASU No. 2016-20, Technical Corrections and Improvements to Topic 606, Revenue From Contracts With Customers, the FASB continued its…
A Year in Review: The Biggest 2016 Tax Developments to Take With You, and What to Watch for 2017
As we close out 2016 at Surgent Professional Education, we've rounded up some of the most impactful tax developments of…
FASB Issues Technical Improvements to Topic 606, Making it Easier to Implement
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-20 today, which addresses a number of implementation…
Trump’s Vow to Abolish The Alternative Minimum Tax: Why This Could Mean More Cash Flow for Families
President-elect Donald Trump has proposed eliminating the Alternative Minimum Tax (AMT), a parallel tax that operates alongside the regular income…
In Honor of National Tax Security Awareness Week, is Your Firm Taking Preventative Steps Against a Cyber Attack?
On the heels of tax filing season, this IRS effort aims to help consumers protect themselves and their financial data…
Form 1095-C Deadlines for Reporting to Employees Extended Again This Year
In a surprising move, the Internal Revenue Service (IRS) issued Notice 2016-70 this week, extending the deadline for employers to…
Overtime Limbo – So About That Raise…
As we reported Tuesday, on November 22 a federal district court judge in the Eastern District of Texas issued a…
The IRS’ e-Services: Why You Need to Authenticate Your Account, and Soon
The IRS announced this week that e-Services users will need to re-authenticate their account. The move is part of an…