Tax & Accounting Blog

Tax-Related Identity Theft: Are You Prepared To Assist Your Client?

Tax-Related Identity Theft: Are You Prepared To Assist Your Client?

Tax-Related Identity Theft: Are You Prepared To Assist Your Client? This article was written by Trenda Hackett, Senior Technical Tax Editor at Thomson Reuters.  As we approach the 2018 filing season, chances are you will have a client that experience tax-related identity theft.  As your client’s tax professional and trusted advisor, it’s crucial to understand how this … Read More

Lead Your Payroll Clients to Easy Business Insurance: Pay-As-You-Go Workers’ Comp 101

Lead Your Payroll Clients to Easy Business Insurance: Pay-As-You-Go Workers’ Comp 101

It’s virtually impossible to overstate how important cash flow is to small business owners. And traditional insurance premium billing plans — which include large down payments — certainly don’t help ease the burden. Now that you’re armed with this information, you and your staff can be heroes to your payroll clients the next time you … Read More

Payroll Rates for 2018

Payroll Rates for 2018

It’s time once again to post the federal limits that payroll professionals need — this time, for 2018. We expect changes to be frequent, and this year may end up with very different results; however, this information is accurate as of the writing date of this article (January 2, 2018). Also, this year’s limits may … Read More

Minimum Wage Changes for 2018

Minimum Wage Changes for 2018

Several states and localities have announced minimum wage changes for 2018. Twenty-seven states — plus Washington, D.C. — index their minimum wages to rise automatically with the cost of living. More states will index minimum wage increases annually, starting in the following years, like: Minnesota (2018), Michigan (2019) and Vermont (2019). The following charts show … Read More

Baffled About Blockchain?

Baffled About Blockchain?

As accountants, we live by ledgers and transactions. We should know, then, that an emerging technology has the potential to revolutionize these fundamental elements of our business — and, quite possibly, much more. “Blockchain is a big mystery to many people in the accounting profession,” says Jon Baron, managing director of the Thomson Reuters Tax … Read More