05.02.2012 - BlumShapiro Dons Jeans for Autism Research
Employees in the West Hartford and Shelton, Conn., offices of Northeast accounting, tax and business consulting firm BlumShapiro, raised $2,210 through their Jeans for Charity program for the Connecticut Autism Spectrum Resource Center.
04.11.2012 - AccuFund Honors Its Highest Performing Resellers
AccuFund, Inc., leading provider of financial reporting and accounting software for non-profit, municipal and government organizations, today announced the recipients of its Partner Leadership Awards for sales and marketing success in 2011. Presented at a special dinner held the first evening of AccuFund's annual reseller meeting, the awards recognize the volume sales leaders for the AccuFund Accounting Suite.
04.03.2012 - Erroneous Penalty Notices Received by Some Tax-Exempt Organizations
In December 2011, the IRS gave some tax-exempt organizations relief from filing their returns due in January and February 2012 due to the IRS system being down. The organizations affected were granted an automatic extension to allow them to file electronically between March 1 and March 30, 2012. However, some organizations have received penalty notices from the IRS for late filing even though they had the automatic extension.
04.03.2012 - Increase in 2012 Vehicle Depreciation Dollar Limits
The IRS recently announced revised Code Sec. 280F dollar limitations for vehicles first placed into service during calendar year 2012. Code Sec. 280F(a) imposes dollar limitations on the depreciation deduction for the year the taxpayer places the passenger automobile in service within its business and for each succeeding year. Under Code Sec. 280F(d)(7), the IRS adjusts the amounts allowable as depreciation deductions for inflation.
03.05.2012 - BlumShapiro Announces New Principal
BlumShapiro, the largest regional accounting and business consulting firm based in New England with offices in Connecticut and Massachusetts, has announced the addition of a new principal, Steven A. Gagnon, CPA.
02.29.2012 - Administration Unveils Framework for Corporate Tax Reform
A reduced corporate tax rate, elimination of many business tax preferences, a new minimum tax on overseas profits, and much more are all part of President Obama’s recently released Framework for Business Tax Reform (the “Framework”). The much-anticipated blueprint of the administration’s plans for corporate tax reform was unveiled on February 22, 2012 in Washington, D.C.
