PWCPA Blog
Incurred Cost Submission Tips
Do you find that incurred cost submissions are draining your business of time and resources? For some tips on how to help your company prepare for incurred cost submissions read this article from our newsletter last week. If you have any other questions about incurred...
Financial Gifts
When planning gifts for children on your holiday list, you might want to think beyond the traditional retail offerings. Consider financial gifts that can bestow benefits for many years to come. Some financial gift options you might consider: U.S. savings bonds-...
1099 Filing
January is always a busy month for companies. You’re trying to get business off to a good start in the new year, you’re trying to close the books on last year, and there’s 1099 reporting to complete by month-end. There are several variations of the information returns...
Hiring Veterans Tax Credit
The IRS reminds businesses that the special credit for hiring veterans will expire soon. Companies that hire unemployed military veterans may qualify for a tax credit of up to $5,600 ($9,600 for vets with service-related disabilities). The credit is available for vets...
IRS Mileage Rates
The IRS has increased the standard mileage rates to be used in computing the deductible costs of operating a vehicle for business or when driving for medical or moving reasons. The new rates will apply to vehicle mileage starting January 1, 2013. The revised rates are...
Toys For Tots ~ Holiday Stroll 2012
Peter Witts, CPA PC and other Bridgewood Plaza Businesses will again be hosting a Holiday Stroll. Come down to the Bridgewood Plaza and get into the Christmas Spirit. Events at the Holiday Stroll include: Scavenger Hunt Raffle Prizes Free Samples Pictures with Santa...
Change in Allowable Airfare: What’s the Impact?
In our most recent newsletter there was an article that discussed changes to allowable airfare. Just in case you missed it here is a link to the article. If you like the article feel free to sign-up for our bi-weekly newsletter at the bottom of the page!
Basis Reporting Requirement Delayed
A law passed in 2008 requires brokers to report an investor’s basis in stocks and mutual fund shares when these investments are sold. The final step in these new reporting requirements was to become effective for debt instruments and options on January 1, 2013. The...
IRS Scams
The IRS recently released a consumer alert about possible scams that are taking place in the aftermath of Hurricane Sandy. Many people have been getting fooled by fake charities that are trying to solicit money and personal information. These scams can take many forms...