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 firstname.lastname@example.org.
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
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
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
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
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!
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!
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
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
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 email@example.com today!