Feb 5, 2013 | Featured Events, Tax News
The Internal Revenue Service (IRS) began accepting some 2012 individual tax returns on January 30, 2013. It began accepting some corporate, partnership, and tax-exempt organization returns on Monday, February 4, 2013. Returns of filers claiming depreciation deductions...
Feb 4, 2013 | Featured Events, Tax News
In recent years, the Internal Revenue Service (IRS) has increased its scrutiny of S corporations regarding reasonable compensation. When you do business as a sole proprietor or as a partnership, the profit that flows out to your individual tax return is subject not...
Jan 31, 2013 | Closely Held Business, Featured Events, Tax News
The Internal Revenue Service (IRS) has introduced a simplified way for small business owners and home-based employees to claim the home office tax deduction beginning with their 2013 tax returns. Under Revenue Procedure 2013-13, small business owners who maintain a...
Jan 30, 2013 | Featured Events, Private Equity-SBICs and Venture Capital
The Small Business Administration (SBA) has announced that it has granted a venture capital fund from North Carolina the first license to participate in its new Early Stage Innovation Fund initiative. The new program makes government-guaranteed loans to venture...
Jan 30, 2013 | Featured Events, Tax News
The Internal Revenue Service (IRS) has reported that audits of individuals topped 1 million in fiscal year 2012 for the sixth year in a row. This represents 1.03 percent of all tax returns filed. Audits of individuals in the upper income ranges were substantially...
Jan 25, 2013 | Featured Events, MCB Happenings
MCB is proud to announce that Bob Baldassari, MCB Principal and Tax Expert, has been featured by the Virginia Society of Certified Public Accountants (VSCPA) in the Member Spotlight section of its website. Bob is recognized for his work in the health care field,...
