The Accounting Edge eNewsletter

The Accounting Edge eNewsletter is comprised of important and informative articles related to businesses, entrepreneurs and individuals. The articles cover a broad range of topics from retirement to new accounting laws and regulations.

January 2017

Volume 8 Issue 1

Reconsidering C Corporations

Once considered a last resort for entity choice, C corporations deserve reconsideration, especially surrounding the dreaded double taxation issue. Double taxation refers to the two levels of taxation that C corporation income goes through. First, the income is taxed at…  

Tax Planning Guide for 2017

This 2017 personal tax planning guide aims to provide you with information and planning tips to assist you in understanding and making the most of the laws affecting your tax situation. Using the guidance in this article will help ensure…  

Taxes Likely to Change in 2017

President-elect Donald Trump’s agenda places changing taxes as a high priority item. Some of the proposed changes are a radical departure from where the tax code stands now and will significantly impact both individuals and businesses. Keep in mind that…  

July 2016

Volume 7 Issue 3

Is Your Side Business Considered a Hobby?

This might come as a shock to those who think the IRS has already been aggressive in enforcing hobby loss limitations, but the Treasury Inspector General for Tax Administration (TIGTA) disagrees. The TIGTA believes the IRS has been lax in…  

401(k) Plans As Your Personal Piggy Bank

Short-sighted. Impulsive. Terrible idea. Robbing your own retirement. These are just some of the things you will hear in the financial media when it comes to borrowing money from your 401(k) plan. How much of this is reality and how…  

Technology: Security Reminders Courtesy of Zuckerberg

Being an acknowledged leader and innovator in social media doesn’t provide immunity from cyber attacks. It has been reported that Mark Zuckerberg, head of Facebook, recently experienced hacking of both his Twitter and LinkedIn accounts. Cyber thieves continue to up…  

Tip: IRS Aims to Boost Small Business Tax Compliance

The Internal Revenue Service believes the small business sector is a major source of under-reported income. For the past four years, the agency has run a special independent office charged with finding how to encourage small business owners to report…  

April 2016

Volume 7 Issue 2

Tip: Productivity Hacks for Procrastinators

For procrastinators looking for ways to avoid the important tasks in front of them, we live in dangerous times. If avoidance and procrastination is a problem for you – and for most people it is to some degree – here…  

Tax Tactics to Help With College Costs

After another tax season, now is a great time for families and college students to re-familiarize themselves on the available tax benefits that could potentially lower higher education costs. According to research by Sallie Mae, the average family with higher…  

The Perks and Pitfalls of Managing Your 401(k)

If you have turned 50, by all means take advantage of the catch-up contribution to 401(k) plans, where you may defer an extra $6,000 for a total of $24,000 in tax-deferred dollars each year until you retire. Even if you…  

Is Wearable Technology a Cyber-Security Threat?

Wearable technology – Apple Watch, Fitbit or Google Glass – has gone mainstream. Businesses that have addressed security issues involving employees’ smart phones and tablets in the workplace now must take a close look at the possible security and privacy…