Archive for - January, 2016

IRS affirms guidance on expensing and capitalization rules for computer costs

Jan. 27, 2016

IRS Chief Counsel has affirmed guidance on expensing and capitalization rules for computer costs. With the application of the guidance regarding the treatment of computer-related costs for both software and […]

2015-2016 Pocket Tax Guide is available

Jan. 27, 2016

From tax rates to Social Security benefits and depreciation to education credits, our handy 2015-2016 pocket tax guide provides a comprehensive overview for the upcoming tax season, as well as other […]

IRS helps employers keep up with payroll taxes

Jan. 25, 2016

The IRS has launched a new approach to help employers who fall behind in reporting and paying payroll taxes to the government (IR-2015-136). In the past, the IRS waited to […]

Estates and trusts should plan distributions

Jan. 22, 2016

Those with estates and trusts should plan distributions. An election is also available to treat distributions made during the first 65 days of the following year (for example, March 5, […]

Extended ACA reporting deadlines

Jan. 21, 2016

The IRS has extended ACA reporting deadlines for applicable large employees (ALE) of upcoming information reporting deadlines under the Affordable Care Act (ACA) for the 2015 plan year (Heath Care […]

W-2s and 1099s reminder

Jan. 20, 2016

Remember that most 2015 annual information returns, such as W-2s and 1099s, should be issued to payees by February 1 and sent to the tax authorities by February 29. Although […]

How do I elect to be taxed as an S corporation?

Jan. 19, 2016

An S election is made by a small business corporation with the consent of its shareholders. Both the corporation and its shareholders must precisely follow the S election requirements or […]

Sign up for our secure new client portal

Jan. 15, 2016

Sign up for our new client portal! This feature offers: Password-protected access Transfer and storage of large files Secure file encryption Automatic virus scan Expanded communication Ask your adviser about […]

Stay updated with Walthall’s blog and eblasts

Jan. 15, 2016

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Walthall hires two in Cleveland

Jan. 12, 2016

WALTHALL CPAs ADDS TWO EMPLOYEES  CLEVELAND – Walthall CPAs is proud to announce the addition of two accountants to its Cleveland office. These new positions reflect Walthall’s growth and commitment […]