3 Reasons You Need a Financial Controller

Accounting is one of the most vital aspects of your business, and, as such, you need appropriate accounting leadership. A financial controller provides a number of services that you can’t get from non-accountant employees. Of course, proper accounting is important, not just because it helps you keep good records. In fact, 50% of businesses in…

Nine Reasons Why Entrepreneurs Should Hire An Accountant

While well-established business owners tend to buy the services of professionals more easily when it comes to handling their accounting, legal matters or banking, young entrepreneurs stay away from them. However, when looking at the number of failed startups in the past few years, an assessment must be made on why these businesses fail. Having…

IRS 2014 Tax Changes – Part 4

Tax Changes Regarding COLAs for 2014 Our fourth part of the IRS 2014 Tax Changes series is dedicated to the changes regarding the Cost of Living Allowance (COLA). The first 3 articles of this IRS Tax Changes series focused of Tax changes related to the Health Care Reform, to Businesses and to Individuals and Households.

IRS 2014 Tax Changes – Part 3

Tax Changes Affecting Individuals & Households While the IRS made tax changes related to the Health Care Reform and to Businesses, these changes are also affecting Individuals and Households. The main changes concern mortgages, fees and tuitions, educator expense, the standard mileage rate among others. 12) Two major mortgage-related tax breaks are gone. Underwater homeowners…

IRS 2014 Tax Changes – Part 2

Tax Changes Affecting Businesses As you may have read in our first IRS 2014 Tax Changes article, the IRS made tax changes related to the Health Care Reform. In the second part of our IRS 2014 Tax Changes series, we will focus on tax changes related to businesses. The changes brought by the IRS are…

IRS 2014 Tax Changes – Part 1

Tax Changes Related to Health Care Reform 2014 has brought a few changes and alterations to taxes, especially as it relates to health care reforms. Indeed, the Affordable Care Act has prompted a few significant changes. Additionally, a host of tax provisions created during the recession expired at the end of last year. Some were…

IRS 2014 Tax Changes: Introducing our Four Part Series

2014 has brought a few changes and alterations to taxes for 2014. In addition, the 2013 federal government shutdown affected the start of the 2014 tax season. The first area affected by the IRS tax changes is health care. In particular, everything related to health care reforms. Indeed, the Affordable Care Act has prompted a…