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.

March 12, 2013 – 1,543 views
Tax Professionals' Resource
People who meet certain requirements will find that home office deduction is a great way to save tax, but the whole process of doing so can be quite complicated, which makes a large percentage of people not even trying this tax-saving method. The IRS recently has come up with simple ways of claiming this deduction... Full Story 
March 12, 2013 – 1,537 views
Tax Professionals' Resource
It is critical that all people who represent tax payers and formulate tax returns are professional and honest. There are standards which help to ensure that people comply with these practices and accountants and tax practitioners maintain their professional standards while also complying with the law... Full Story 
March 8, 2013 – 1,495 views
Tax Professionals' Resource
International tax is an issue about which the U.S. administration has been discussing for quite sometime. The need for international tax law reform has been intensely discussed. This is primarily because the benefits of income from a U.S. company with offshore subsidiaries do not always percolate to the country. The benefits of income usually accrue to the foreign jurisdictions with lower tax rates. With the reforms of international tax 2013 in place, the U.S. companies would be motivated to invest within the country. The Government wants to plug international tax loopholes against tax evasion. The current international tax law in the U.S. makes it possible for the companies to evade tax... Full Story 
March 8, 2013 – 1,684 views
Tax Professionals' Resource
Sales and marketing are integral parts of all businesses. Accounting professionals today need to market themselves better as competition is only increasing. This article talks about some accountant marketing ideas for account professionals to increase their business... Full Story 
March 6, 2013 – 2,971 views
Tax Professionals' Resource
The discretionary distribution standard is a provision in a trust that instructs the trustee to distribute a portion of the trust estate to one or more of the beneficiaries. Trustees and advisers often face difficult decisions when exercising discretion of distributions to the beneficiaries. The estate planner incorporates the discretionary distributions into the trust documents when drafting so that it reflects the intent of the settler better. But there is a possibility of the words written in these documents being misinterpreted. Therefore, it is good to be aware of the conventions to draft and interpret discretionary distribution standards for trusts... Full Story 
March 4, 2013 – 1,469 views
Tax Professionals' Resource
Bulk sales are also known as bulk transfers and refer to a situation where a business or any other entity sells a part or most of its assets to a buyer. This term usually refers to restaurants, retailers and other businesses that have inventories. To protect the buyer from any claims by the sellers’ creditors, an affidavit should be made. These affidavits are required to be filled with a court office or some government department. It is imperative for the registration process to be completed by the buyer so that creditors do not declare the sale invalid... Full Story 
March 4, 2013 – 1,417 views
Tax Professionals' Resource
The property owners in the Hall County region are being reminded about the fact that in the month of April, they will have to address a few property tax related issues. These deadlines are common in the state of Georgia, as Georgia property tax is standard throughout the state. The property owners need to prepare documents and file their property taxes by the 1st of April, as that is the deadline for taxpayer returns... Full Story 
March 1, 2013 – 1,482 views
Tax Professionals' Resource
Kansas property tax is a much debated issue. More recently, the Property Tax Transparency Bill under HB 2047 forced local governments to lower their mill levy with rise in property value each time. In other words, the tax revenue remains unchanged. When assessing property tax, the notion of mill comes in handy with one mill being equivalent to one dollar for the value of every thousand assessment dollars... Full Story