News

How to Create and Use Dashboards to Highlight Areas for Action! Many businesses struggle with basic administration daily as they perform accounting to record activities, administer payroll, manage cash flow... Continue Reading

The IRS has issued a warning about a fraudulent scheme targeting Electronic Federal Tax Payment System (EFTPS) users. The scheme uses an e-mail claiming that the user’s tax payment was rejected and directs... Continue Reading

Upcoming changes to lease accounting rules will greatly affect U.S. companies and will have a tremendous affect on return on assets and other key financial ratios. Treating lease obligations off the balance... Continue Reading

Gross Reality Blog, week of August 23, 2010 by Steve Gross Virtual Back Office Finally Viable With the development of best of breed, coordinated, and integrated services, most businesses can now... Continue Reading

The Hiring Incentives to Restore Employment (HIRE) Act imposes additional reporting and disclosure requirements for taxpayers with any interest in a “specified foreign financial asset” if the aggregate... Continue Reading

Important Tax Savings Opportunity Reminder: The HIRE Act exempts employers from paying their 6.2-percent share of the Social Security payroll tax for the remainder of 2010 for eligible new hires, and... Continue Reading

The Senate is getting ready to pass a small business tax bill. One of the revenue raisers is the following: The Senate bill would require qualified taxpayers who receive rental income from real property to... Continue Reading

More Demanding Requirements for Issuing 1099s Generally, all persons engaged in a trade or business and making payments to individuals or partnerships for services (including parts and materials) in excess of... Continue Reading

Two new distracted driving laws go into effect July 1, 2010.  One is the House Bill 23 and the second is the Senate Bill 360.  The House bill prohibits drivers under the age... Continue Reading