Tax & Accounting Blog


Help with Accounting for Your Tax Reserves: Schedule UTP and Uncertain Tax Positions

Offering Compliance with the New IRS Reporting Requirements Until now, spreadsheets were the most popular way of accounting for uncertain tax positions. While disclosure of uncertain tax positions have been a longtime requirement in company financial statements, On January 26, 2010, the IRS took a giant step with respect to transparency between financial accounting and tax … Read More

Do You Understand the Latest Changes in Regulations?

Do You Understand the Latest Changes in Regulations?

Information reporting (1099) is becoming more complicated and the risks relating to non-compliance or inaccurate reporting are very high.  The recent changes to FATCA, 1099 reporting, 1042 and 1042-S, foreign reporting and cost-basis reporting will affect your business, whether it’s a corporation, bank, trust department or wealth management firm. The Small Business Jobs Act of 2010 enacted … Read More