Client Login Contact
Innovative Entrepreneurial Experienced

VT Tax & Finance Blog

FINANCIAL CALCULATORS

Aug 17, 2012
If you are in need of aid in your budgeting and financial planning, please visit our Financial Calculators page of our website.

OCBOA FINANCIAL STATEMENTS: FREQUENTLY ASKED QUESTIONS PART II

Aug 17, 2012
Following are some additional issues in which questions have risen in regards to "other comprehensive basis of accounting (OCBOA).

SHAREHOLDERS, LOANS AND S CORPORATIONS

Aug 17, 2012
The topic of shareholder basis has become a more pressing topic during this economic downturn. In order to keep operating...

APPLYING FOR AN EIN

Aug 17, 2012
Generally, businesses need to apply for an EIN when their ownership or structure has changed or when the business is first formed.

STUDENT LOAN COSTS INCREASE

Aug 17, 2012
On June 29, 2012 the House of Representatives adopted H.R 4348 Surface Transportation extension Act of 2012 Part II.

WHAT DOES THE SUPREME COURT RULING MEAN TO BUSINESS OWNERS?

Aug 17, 2012
By now you've probably heard about the Supreme Court's ruling that the Affordable Care Act (ACA) is largely constitutional.....

OCBOA FINANCIAL STATEMENTS: FREQUENTLY ASKED QUESTIONS

Aug 17, 2012
Following are some of the issues in which questions have risen to the forefront in regards to "other comprehensive basis of accounting" (OCBOA).

YOUTUBE: VICTIM OF IDENTITY THEFT?

Aug 17, 2012
Find out how the IRS can help you or your clients who may be victims of identity theft in this YouTube video.

OCBOA 101: LESS COMPLICATED, LESS COSTLY FINANCIAL REPORTING

Aug 17, 2012
With the increasing complexity of addressing accounting and reporting matters to comply with accounting principles generally accepted in the U.S. (U.S. GAAP)...

SUPREME COURT UPHOLDS INDIVIDUAL MANDATE IN HEALTH CARE ACT

Aug 17, 2012
In what has been termed the most consequential decision of the decade, the Supreme Court has upheld the individual mandate in the Patient Protection and...

HOMEBUYING CALCULATOR

Aug 17, 2012
Looking to buy a house but not sure how much you can afford? MSN Money has put together a quick calculator that can give you.....

VERMONT TAX TECHNICAL WORKING GROUP

Aug 17, 2012
The Vermont Department of Taxes recently announced the creation of the Tax Technical Working Group. The committee is comprised of 13 tax professionals who...

3RD ANNIVERSARY OF IRS- RETURN PREPARER REVIEW

Aug 17, 2012
June 5, 2012 marked the 3rd anniversary of the IRS' return preparer initiative. The purpose of the initiative is to ensure standards for competency...

RUN A HOME-BASED BUSINESS? - FIND THE LICENSES AND PERMITS YOU NEED

Aug 17, 2012
In an article written by Caron Beesley, Community Moderator, she writes, "Whether you're starting a business from home or looking to move into a home office...

DEADLINE ON TAX CREDIT FOR HIRING UNEMPLOYED VETERANS

Aug 17, 2012
In 2011, Congress passed a new law to establish a tax credit for businesses that hire previously unemployed veterans. ..

COLLEGE STUDENTS AND PARENTS HELPED BY IRS DATA RETRIEVAL TOOL

Aug 17, 2012
The IRS has recently introduced the 'IRS Data Retrieval Tool' to assist in the completion of Free Application for Federal Student Aid (FAFSA) forms.

IRS ISSUES GUIDANCE ON HEALTH FSA SALARY DEDUCTION LIMITS

Aug 17, 2012
Recently the IRS issued Notice 2012-40 which provides guidance on health flexible spending arrangements (health FSA) salary deductions limits.

BOOKKEEPING SERVICES REMAIN AN INTEGRAL PART OF VERMONT BUSINESSES

Aug 17, 2012
Per the Milwaukee Journal, October 3, 1986, The first published work of bookkeeping as it is known today occurred in 1494 in Italy and was written by a Venetian monk named Luca Pacioli.  Bookkeeping principles…

SIMPLE IRAS

Aug 17, 2012
A reminder on matching contributions for employers with SIMPLE IRA's: Matches must be on a participant's annual salary...

THE FBAR DEADLINE IS COMING - JUNE 29!

Aug 17, 2012
Reminder: The U.S. government has become increasingly concerned about, and focused on, offshore tax evasion.