A Few Ways to Pay Less in Taxes and Save Money

If you’re like a majority of Americans, you may be looking for new, creative ways to ease your annual tax burden. Fortunately, there are several things you can do to cut your taxes or increase the amount of your tax refund without incurring the wrath of the IRS. Tax credits...

Keep Track of Your Transaction History with Audit Log

Have you ever a wished to see a chronological list of all your QuickBooks activity? With the QuickBooks audit log report, you can keep track of added, deleted, and modified transactions, as well as user entries. The audit log feature allows you (and any other viewer with access rights) to...

Best Practices on How Auditors Can Evolve

Amid increasing attention on how internal auditors can evolve in their positions, a newly published survey of stakeholders offers some valuable insights on best practices. Not surprisingly, a focus on strategic planning and risk management within auditors’ organizations is key. The survey report by the Institute of Internal Auditors Research...

Report: IRS Lien Notices Reach Wrong Addresses

The IRS sent tax lien notices to the wrong addresses for taxpayers even though the agency had the correct addresses in its system, according to a July report by the U.S. Treasury Inspector General for Tax Administration (TIGTA). Though the agency re-sent the notices, the incorrect mailings were potentially illegal...

New Research On Inequality: ‘Whatever You Thought, It’s Worse’

The income inequality and its slow but steady progress since the years following the Great Recession are often mentioned alongside the Tax Code issues. Social mobility, the amount that a typical American moves up or down the economic ladder from where their parents and grandparents previously were, has gained traction...

Why Trump’s 1995 Taxes Release Was Illegal

Some of you might remember the constant issues with Trump's taxes, coming up here and there in the election campaign's cycle... But for those of you who were glad to read some pages of his tax returns way back from 1995, lawyers and accountants have one word for you -...