PWCPA Blog
Managing Part-Time Employees: Accounting Tips
Part-time employees can play a valuable role in a small business, especially while a business is waiting for general economic recovery. Part-timers can help you deal with variations in workload without having to hire a full-time employee. And often, when there are...
2011 IRS Tax Refunds Are Delayed
Transitioning to 2011, taxpayers faced unexpected delays in IRS tax refunds, prompting widespread concern. This was due to increased vigilance by the IRS, targeting fraudulent filings. Heightened Fraud Detection Measures: During the 2011 tax season, the IRS...
Clause FAR 52.216-7 Requirements
Understanding Incurred Cost Submissions Government contractors with cost-type and time & material contracts must comply with FAR 52.216-7, necessitating the preparation and submission of an incurred cost submission annually. This submission follows DCAA guidelines...
Hiring a CPA: What to Know
CPA Must Understand Your Needs Before embarking on the search for a Certified Public Accountant (CPA), it's essential to assess your specific accounting needs. Determine the scope of services required, such as tax preparation, financial planning, or audit assistance....
Thank You
Peter Witts CPA PC extends heartfelt gratitude to all clients for their support in 2010. Moving forward, in our ongoing commitment to excellence, we're excited to unveil several enhancements aimed at elevating your experience in 2011. Implementing New Practice...
Tax Filing Delayed Due to Recent Law Changes
Recent Law Changes and Their Impact: Recent law changes enacted on December 17th, 2010, under the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act have necessitated delays in tax filing for certain taxpayers. These changes affect three specific...