Publications
From time to time we run across information that we feel is newsworthy. This may be tax or accounting related, as well as information that may pertain to your small business. Additionally, because we focus on the small business, we may also run across interesting software tips, tips for your business, or interesting tips for home. All of this information can be found on this page. If there is something you would like to see here, please drop us a line on our contact page.
Oversight Board Calls on IRS to Speed Tax Refunds
by Michael Cohn
The IRS Oversight Board said in its annual report to Congress that the Internal Revenue Service needs to reassess its goal of delivering tax refunds within 45 days given the prevalence of electronic filing.
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The IRS experienced significant tax refund delays early in the tax filing season after the agency stepped up its efforts to combat identity theft by installing new filters in its computer systems.
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The Oversight Board said it concurred with a report from the Governmental Accountability Office last December recommending that the IRS re-evaluate its measure on refund timeliness. "The current measure is a carryover from a time when most tax return filing was done by mailing paper tax returns..."
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Small Business Tax Breaks Make Headway in D.C.
by Roger Russell
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While most observers are reluctant to forecast any tax legislation prior to the November elections, there is a legislation pending in Congress that, if enacted, would be a boon to small business and help jumpstart the economy
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As an accompaniment to National Small Business Week, the National Federation of Independent Business is urging consideration of the small business-friendly extenders introduced by U.S. Senators Olympia Snowe, R-Maine, and Mary Landrieu, D-La. Similar legislation has been introduced in the House.
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10 Tips for Small Business Startups That Want to Turn Dreams Into Reality
by Will Oremus
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Think you're the next Jeff Bezos or Mark Zuckerberg? If so, this list may not be for you. The world's meteoric startups - the rare few that topple industries and remake society - are usually built by breaking rules, not following them.
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On the other hand, you probably aren't them. Startups that turn into multibillion-dollar companies are the business world's equivalent of lottery winners. Stake everything you have on a dream jackpot, and you're likely to end up holding worthless scraps of paper.
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