Income Tax
Tips for businesses to avoid embezzlement
Accountants and business leaders say small businesses can take steps to protect themselves from employee theft. Good accounting practices are a must.
End of payroll tax cut to affect workers and retailers
The end of the 2 percent payroll tax cut, a provision in Congress' fiscal cliff deal, will be felt by most wage earners, and the local businesses those workers shop at.
Illinois CPA faces 40-count federal indictment for wire fraud, money laundering
A southeastern Illinois accountant faces a 40-count federal indictment alleging that he stole more than $1.5 million from an elderly client and used the money on personal expenses.
Pennsylvania Income Tax E-Filing Underway
Pennsylvania residents who file personal income tax returns were able to begin filing electronically for the 2012 tax year this week, despite the delay until Jan 30 for federal 1040 returns. Taxpayers using the combined Federal/State e-file service will need to wait until the end of the month.
FedEx donates Boeing 727 to College Aviation Science program
FedEx Express has donated a Boeing 727-200F to California Baptist University for use by its new aviation science program. The cargo jet made its final taxi today after landing at the Riverside Municipal Airport. The aircraft will be on permanent display at the airport and will provide a working laboratory for aviation science students.
Tax credits for energy-efficient home improvements reinstated
Federal tax credits for energy-efficient home improvements are back. Reinstatement of the popular credits was a little-noticed part of the American Taxpayer Relief Act, the last-minute legislation that kept America from tumbling over the fiscal cliff at the start of the year.
With rising state revenues, Texas legislature considering tax breaks
An unexpected boost in state revenue has prompted the state's Republican leadership to embrace the possibility of tax relief during the just-started 83rd Legislature, but critics of the idea say the money should first be used to restore state services that underwent deep cuts two years ago.
Accountant explains why IRS delay will impact so many
We narrowly avoided going over the fiscal cliff earlier this month, but Congress' down-to-the-wire decision making has had an unsavory side effect.