Tax Articles

These Tax articles will give you the news and information you need to stay up to date in the ever changing Tax industry.

June 13, 2013 – 1,353 views
Tax Professionals' Resource
Trustees are essentially those individuals that hold some position of power, land, or significant authority on the running of a certain business or organization. Trustees are primarily the fiduciaries that are placed in charge of the day-to-day running of a business and are also held accountable for any problems the business might face... Full Story 
June 13, 2013 – 1,747 views
Tax Professionals' Resource
Business Process Improvement, or BPI, refers to a strategic approach that helps organizations to make the best use of the available processes to achieve effective results. BPI aims at enhanced performance, increased profits, and reduced costs within a shorter timeframe. BPI could also involve changes in a particular process, targeted at improving the quality of a product or a service in order to meet customer expectations... Full Story 
June 11, 2013 – 1,541 views
Tax Professionals' Resource
Companies create their annual reports--But the trend of reporting financials and list of donors are being replaced with the creation of the nonprofit annual reports because it makes a more powerful impact. Some companies call them impact reports that focus on results and programs. It’s not just the title, but the content too, that identifies what matters most... Full Story 
May 28, 2013 – 1,614 views
Tax Professionals' Resource
Fraudsters rely on different methods to get their hands on the taxpayer’s money. An individual should be vigilant and alert as such scams can completely wash off your tax records. To stay safe from such fraudulent activities, tax payers should have awareness about the different tax scams that are happening around. Tax professionals should educate their clients about these scams. They should also advise them and guide them properly so that they do not fall into any such traps... Full Story 
May 17, 2013 – 1,675 views
Tax Professionals' Resource
The employee travel and entertainment costs make up for a reasonable amount of an organization’s expenses. To ensure that the expense settlement and deductions are carried out in a proper way without any complaints, it is necessary that you follow some good practices. Also, ensure that you carry out the procedure with the IRS rules and regulations in mind. Manual expense reporting can prove to be irritating and time consuming for all those involved. To avoid this it is recommended that you follow... Full Story 
May 17, 2013 – 2,085 views
Tax Professionals' Resource
Volunteers can serve a non-profit in many ways through contributions of time, talent, and energy that will contribute to the fulfillment of the organization's goals. They generate an atmosphere of interest and enthusiasm to help project a positive picture about the work the organization does in a community. Another important benefit of volunteers is that they are very versatile and can function in any role according to their strengths... Full Story 
May 16, 2013 – 1,754 views
Tax Professionals' Resource
The IRS has issued a recent update on rules in context of tangible property capitalization. Accordingly, dates for tangible property examinations have been extended. The new guidelines are for taxpayers who are business owners with fixed assets. In order to comply, they will have to change their method of accounting, which is... Full Story 
May 13, 2013 – 1,564 views
Tax Professionals' Resource
Many companies and organizations have a gift acceptance policy in place because they cannot always say “no” to every gift every time. But a dividing line needs to be drawn between when to accept and when to not accept a gift. When a gift acceptance policy is in place, it is critical to remember when to say “no”... Full Story