Why Is It So Difficult to Write Off Your Home Office?

by Steven Sodini 18. May 2012 10:00
These days almost everyone seems to work from home, at least occassionally. According to the U.S. Census, about half of all U.S. businesses are based at home, and most professionals work from home at least some of the time, so it’s only right that you should get a tax break for ... [More]
Categories: Tax

Review of the Alternative Minimum Tax

by Alan Huerth 15. May 2012 13:15
  Most people are familiar with the Federal Income Tax (regular) system, but most are not that familiar with the Alternative Minimum Tax (AMT) system.  AMT does not apply to partnerships or S-corporations, but does apply to C-corporations, Estates, Individuals and Trusts.  AMT is a t... [More]
Categories: Tax

The JOBS Act: Trading IPOs for Blind Spots

by Hiller Hardie 26. April 2012 15:55
The Jumpstart Our Business Startups (JOBS) Act was passed into law on April 5, 2012. It encourages private companies to complete IPO’s by giving them reporting relief if they qualify as an emerging growth company (EGC). EGCs have less than $1 billion in revenue and $700 million in publicly tra... [More]
Categories: Advisory

Early Reviews of Windows 8

by Justin Nescott 23. April 2012 09:55
  In late February, Windows launched the consumer preview of Windows 8. The major redesign was to move the popular operating system that is available for Windows’ tablets and mobile devices to the desktop and laptop. This will feature and continue the growth of touch screen desktops and ... [More]
Categories: Productivity

Closing the "Delaware Loophole"

by Steven Sodini 13. April 2012 09:45
The Pennsylvania House has approved a corporate tax reform bill designed to eliminate the "Delaware Loophole," which will “create a more competitive and fair business climate in Pennsylvania”, according to bill sponsor Rep. Dave Reed (R-Indiana). The loophole allows businesses headquarte... [More]
Categories: Tax

The “New Normal” in Retail Pricing

by Ken Urish 11. April 2012 10:45
An interesting quote from Al Ferrara, the national director of BDO’s Retail and Consumer Products practice, appeared recently in Women’s Wear Daily. For those of us that don’t read WWD, it is often referred to as “the fashion bible” and THE industry voice of authority. ... [More]
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Categories: Advisory

Fierce Competition in the Technology Industry, Companies Look Towards Positive Long-Term Goals

by Joe Clark 3. April 2012 10:45
With mixed news about the U.S. marketplace painting an uncertain picture of where the economy is headed, technologies companies are focusing on long-term goals, working to grow their bottom lines, acquire intellectual property assets, and increase headcount through strategic transactions.   B... [More]
Categories: Advisory

2012 Exempt Organizations Work Plan Released by IRS

by Bill Adams 29. March 2012 12:00
  In February, the IRS issued the 2012 Exempt Organizations (EO) work plan. For those who work with EOs, the plan “provides an opportunity to understand where the IRS enforcement initiatives will be as the IRS must try to allocate its limited resources efficiently.” Historically, t... [More]
Categories: Tax

How Much Longer Will You Use Microsoft Office?

by Justin Nescott 23. March 2012 13:10
  In an article in late 2011, PCMag columnist John Dvorak predicted the end of Microsoft Office. With updates including minor changes, such as a new user interface with the ribbon tab in 2007, few new elements have been added to the Microsoft Office Suite, allowing competitors create successfu... [More]
Categories: Productivity

Have an EIN? Action May Be Required

by Rocco Romano 19. March 2012 12:15
    The IRS is proposing that taxpayers that have an employer identification number (EIN) will be required to update their information with the IRS. At issue is that EINs - which are issued to employers, sole proprietors, corporations, partnerships, nonprofit associations, trusts, estat... [More]
Categories: Tax