The Financial Accounting Standards Board (FASB) recently issued a revised exposure draft that proposes a significant overhaul of the revenue recognition guidelines currently used under accounting principles generally accepted in the United States of America (GAAP).  These changes will eliminate the numerous industry-specific revenue recognition rules that have developed over the last few decades and replace them with one set of principles that are applicable to substantially all industries.  One of the industries that will be most affected is the software industry. 

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March is a beautiful time of year.  Spring is in the air, the weather is getting warmer and employees receive their annual bonuses on March 15th.  The IRS has recently released a revenue ruling seeking to clarify the establishment of an accrued bonus liability and the timing of the tax year in which it is deducted.  

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Significant tax savings can be hidden in your real estate investments. Argy provides cost segregation studies for your real estate holdings which can provide tax savings and improve cash flows.  What is a Cost Segregation Study?

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Every year, the dollar amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. Here are some important tax figures for the upcoming year, including the Social Security wage base, qualified retirement plan and IRA contribution limits, driving deductions, allowable business write-off amounts and more.

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January is the time for employers to pay their federal unemployment tax (FUTA). You may not be aware that 2011 brought changes to the FUTA system in many states. There is good news for all employers but also bad news for many, depending on where you do business. Overall, the IRS lowered the federal unemployment tax rate a bit. In spite of the decrease, employers in many states and the Virgin Islands will pay higher FUTA on 2011 wages, and possibly into 2012 and beyond. Continue reading to find out if your state is affected, and why.

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  Timely Opportunities

Employers need to look at Workers' Compensation as a tool to help improve the bottom line. Keeping rates low over the long term can result in significant savings. Here are four mistakes employers should avoid in order to help keep costs down.
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  Personal Finance

Do you enjoy working on houses? Under current tax law, you can buy a "handyman special," fix it up, sell it and pocket a nice tax-free gain. Here are the details.
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  Sales

It's hard to beat the Internet as a tool for sales and marketing, but you can't take full advantage of it until you build a database of e-mail addresses. Many businesses have their customers home addresses but they still don't have e-mail addresses. Click "Full Article" for 10 pointers on how to keep your contact list up to date and under control.
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  Marketing

Don't waste precious advertising dollars with a misdirected direct mail campaign. You might be surprised to find out what the most important factor is when you make your company's pitch by mail. Click "Full Article" to find out.
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  Disclaimer of Liability

Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

IRS Circular 230 Disclosure: Please be advised that the tax advice contained herein (including any attachments) is not intended or written by the practitioner to be used and cannot be used by the taxpayer for the purpose of avoiding any U.S. tax-related penalties that may be imposed on the taxpayer.