iAccountOn March Newsletter

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A Message from our CEO

Welcome to our Spring Edition of the iAccountOn Newsletter!  We are in the middle of busy season for our industry, so I hope you all are keeping up a good balance of work and play. Technology continues to change the way our industry does business, and 2016 looks to be a great year for small and medium sized practices, including freelancers. See this recent article on AccountingWeb.com here. Please check out our blog at http://www.iaccounton.com/blog/!  If you haven’t signed up as an advisor, sign-up today here.

Below you will find the latest in tax, finance and accounting news.  We also feature one of our members with each edition!  We are always looking for articles and postings from our members, so please forward any articles you’d like to post or ideas for content to blog@iaccounton.com.

If you are not yet a member company/individual, Sign-up today at www.iAccountOn.com.  Also, to learn more about iAccountOn check-out our How It Works @ https://www.iaccounton.com/how-it-works.


dreamstime_xl_19931664Customizing a Capitalization Policy for Your Needs

by Steve Barkmeier, CPA – Director of Tax at Whipplewood CPAs

The new IRS regulations allow a great deal of flexibility for companies to adopt capitalization policies. A capitalization policy can save overhead in tracking small assets. It can also reduce taxable income, but it will reduce book income by the same amount. With the flexibility the IRS provides, companies need to put more thought into what policy best meets their needs. It’s tempting to choose a policy strictly to minimize the tax bill. …More


Tax Tips dreamstime_xxl_27374051

Top Year-End IRA Reminders from IRS – If you have an IRA or plan to start one soon, there are a few key year-end rules that you should know. Here are the top year-end IRA reminders from the IRS …More

IRS Tax Tips for Deducting Gifts to Charity – The holiday season often prompts people to give money or property to charity. If you plan to give and want to claim a tax deduction, there are a few tips you should know before you give …More

Tax Tips After January 1, 2016 – TurboTax gives you ten tax saving tips for the new year. Find strategies to lower taxes, save money when preparing your tax return, and avoid tax penalties …More

Top Tax Issues for 2016 – Here are 11 things you and your clients will want to start thinking about for next tax season …More

6 Year-End Tax Tips to Prepare You for 2016 Filing Season –  Filing taxes last minute means you might miss out on opportunities for a better return. Get ready now for the 2016 tax filing season, and stop throwing money out the window …More


dreamstime_xxl_30433575Latest News in Accounting, Tax & Finance

 

Revenue Recognition: A View from the Trenches – Now that the FASB has finalized the effective date for the new revenue recognition …More

PATH Act Expands the R&D Tax Credit for U.S. Manufacturers – In December, Congress passed and the president signed into law the …More

Overnight Finance: Senate GOP delays budget action; Bloomberg won’t run – Enzi announced Monday that his committee will postpone possible action this month …More

Inside the Future of Wall Street – Ellevest CEO Sally Krawcheck and Deutsche Bank Global Head of Rates Research Dominic Konstam discuss …More

Tax Reform Looms as Key Post-Election Issue for Tax Directors – Though a lot could change between now and Novemeber, the second annual BDO USA Tax Outlook Survey indicates …More

For more news, check out our blog!


Featured Advisor – Meet David M. Flory, CPA David_Flory

Our Featured Advisor for the month of March is David Flory, CPA. Currently in Tampa, Florida, David received his M.B.A from Rutgers University. He now runs his own practice after previously working as a tax director for two publicly traded corporations for over ten years. David is a Tax/IT Crossover professional who seeks to bring database technology to the Tax Function through his experience in planning, executing and administering complex transactions, structures and processes. 

With his proven ability to seamlessly unite extensive tax knowledge with the design and implementation of custom database solutions, David will provide exceptional speed, accuracy and cost effectiveness to his clients. His specialties include, but are not limited to, Partnerships and Equity and Mortgage REITs, extracting and utilizing accounting and other information from ERP databases, partnership allocation systems, and large scale financial calculations. If you’re seeking precision, control, flexibility, and efficiency…David Flory is your guy! 

Find David’s profile on iAccountOn or go directly to his website!


 
dreamstime_xxl_50652855Upcoming Events & Conference

AICPA Employee Benefit Plans Conference, Las Vegas, NV, May 10-12,  View & Register

Avalara’s National Tax Compliance Automation Conference, New Orleans, LA, May 10-11, View & Register

AICPA Conference on Tax Strategies for the High-Income Individual, Bellagio Las Vegas, NV,  May 24-May 25, View & Register

2016 Financial Leadership Summit Conference, Colorado Springs, CO,  May 23- 24, View & Register


Webinars dreamstime_xl_38213409

Xero/Avalara Webinar: Sales Tax Tips You Never Knew Existed, on March 15, View & Register

Global Payroll: Are You Meeting Your Obligations?, on March 16, View & Register

Everything You Need To Know About Audits Of Estate And Gift Tax Returns, on March 16, View & Register

Avalara Thought Leader Webinar: 6 Most Common Sales Tax Return and Filing Errors, on March 22, View & Register

How Digital Innovation Is Reshaping The Future Of Finance, on March 23, View & Register

More. Webinars from CPA Academy, and Proformative, and Webinars for Tax Practitioners from the IRS.

dreamstime_xl_19497055Volunteer Opportunities

Volunteer with the IRS for tax season: www.irs.gov/Individuals/IRS-Tax-Volunteers

Volunteer with AICPA: www.aicpa.org/Volunteer/Pages/Volunteer.aspx

Volunteer for this Holiday Season in your community: Volunteermatch.org

Want to submit your own articles to the iAccountOn Blog? Send them to blog@iaccounton.com today!

www.iAccountOn.com  

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