An anonymous couple in California’s “gold country”—named after the 1849 Gold Rush—found $10 million in rare gold coins buried in cans on their property. Why stay anonymous? They don’t want people digging on their property. After all, this is the biggest and best coin discovery in U.S. history. So said Davis Hall of Professional Coin [...]
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Being the subject of a sales and use tax audit is a fact of life for many large corporate taxpayers. For other taxpayers, an audit comes as an unwelcome surprise. Predicting what makes a company more vulnerable to a sales and use tax audit can prove to be a valuable exercise. Knowing what triggers an [...]
By: Michael Flerchinger, The Nichols Accounting Group Red Angus, December 2013 Benjamin Franklin once said the only two things certain in life are death and taxes. Doing year-end tax planning won’t save your life, but it’ll surely help you defer a portion of your tax bill – which can feel like financial resuscitation. This is [...]
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What is the easiest mistake to make in the leasing or buying of commercial space for your company? Actually there are two common issues that often arise, but both stem from dual agency representation. If you have limited experience in the process, it’s easy to stumble into a costly mistake. Both can happen when choosing [...]
Bookkeeper’s Quiz Published by The American Institute of Professional Bookkeepers 1. To catch corporations that are claiming excessive deductions for 401(k) and similar plan contributions, the IRS is matching the contribution deductions listed on Form _____ with the amount on the same firm’s annual Form _____. If the two amounts disagree by more than $_____, the [...]