Accounting News


Friday, July 22, 2011
Congress to Review Tax Preparation Requirements

Beginning in 2011, to file a tax return for another person required a certification by the IRS. The goal was to increase the quality of returns filed. The House Ways and Means Oversight Subcommittee plans to hold meetings to review the new regulations. Public comment is welcome at The House Ways and Means Oversight Subcommittee here.

Labels: ,

Accounting News


Wednesday, July 20, 2011
IRS Changes to Per Diem

After receiving not public comment on the need for the high-low substantiation method for per diem the IRS plans to issue new guidelines eliminating the method. Businesses using the method would pay employees a per diem instead reimbursing actual expenses that an employee incurs when on business away from home. The per diem was based on the time and place of the travel instead of using per diem rates issued by the IRS.

If you need an accountant to help you in interpreting this new rule give the Accouting Aisle a call at 866.906.5918.

Labels: , ,

Accounting News


Tuesday, July 12, 2011
Peachtree Software to be Rebranded

Pascal Houillon, the CEO of Sage North America announced that the company is going to re-brand its accounting software. the announcement came in his keynote speech at Sage Summit 2010. Beginning in 2012 the companies Peachtree software will be branded as Sage 50 in North America. This is in alignment with how the software is branded in Europe.

Labels: , ,