Dan the CPA Blog
Jan 21, 2016
Pesticides on produce aren’t the worst kind of dirty dozen you need to be aware of. The IRS is focusing on twelve popular scams that they’ve branded The Dirty Dozen. Journal of Accountancy explored the full list, and we’re sharing here what you need to know about each... read more
Jan 20, 2016
We’re hiring! We’re looking to add a payroll specialist to our team. If this sounds like you, send a resume and cover letter to Dan Livengood. Or if you know someone who would be a good fit, please share. Position Overview: As our payroll specialist,... read more
Jan 15, 2016
Not many small business owners know about the High Growth Small Business Job Creation Act that was signed into law in South Carolina in 2013. But some companies in need of funding could greatly benefit from it. The Act was created in order to encourage investment in... read more
Jan 12, 2016
We’re now looking at an approximately $1.4 billion prize for the national Powerball, and as more people jump into the pool that number keeps going up. If you’re buying tickets, AICPA offers a plan to help you manage your prize if you win. But first, Salon reminds us... read more
Jan 8, 2016
Hopefully you keep good records of all your expenses. Keeping good records is the easiest way to make sure everything goes smoothly if you’re audited. But if you haven’t kept good records, there may be an alternate approach you can take to claim a loss if you need to.... read more
Dec 30, 2015
Yes, it’s that time of year again. The IRS announced last week that the 2016 tax season will begin as scheduled on Tuesday, January 19. They’ll begin accepting both individual electronic returns and paper returns that day. The IRS expects to receive more than 150... read more
Dec 28, 2015
Shortly before the Christmas holiday, Congress passed a bill extending a long list of expired tax provisions — some permanently, some for five years, and many for two years.The Journal of Accountancy published the details in an article explaining all that’s in the... read more
Dec 22, 2015
The lower gas prices are going to be reflected in the mileage rates for 2016. The IRS just announced that beginning January 1, 2016, standard mileage rates will be: 54 cents per mile for business miles, down from 57.5 cents for 2015 19 cents per mile for medical or... read more
Dec 21, 2015
Hopefully you don’t owe the IRS $100 million or more, but those who do will need to plan on paying with something other than a check after December 31st. Internal Revenue Bulletin No. 2015–36, dated September 7, 2015, states: “The Federal Reserve will not accept... read more
Dec 17, 2015
With identity theft so common, taxpayers are naturally concerned about the security of their information during the filling process. And although the e-filing system itself is secure, identity thieves will often file early the tax return of someone whose identity... read more
