Archives

September 2016

DOL Overtime Changes

Posted on September 21, 2016

The U.S. Department of Labor’s (DOL) Wage and Hour Division is responsible for administering and enforcing laws that establish…

Partnership Audit Rules

Posted on September 20, 2016

The IRS has issued temporary regulations (T.D. 9780) that explain how a partnership can opt in to the new partnership audit regime…

IRS Releases TY 2016 Draft Forms for Applicable Large Employer ACA Reporting

Posted on September 15, 2016

The IRS has released draft forms for Affordable Care Act (ACA) reporting under Code Secs. 6055 and 6056 for tax year (TY) 2016.…

IRS Responds To Expanding Sharing Economy With New Resources

Posted on September 12, 2016

The IRS launched new online resources for service providers and participants in the sharing economy. Advances in telecommunications…

IRS Procedures For Individual Tax Identification Numbers

Posted on September 09, 2016

The IRS announced in August new procedures for renewing an unused or expired Individual Tax Identification Number (ITIN). The new…

Taxpayer Scams - Educate Yourself

Posted on September 07, 2016

The IRS has warned taxpayers of automated phone scam telephone calls and new tactics used by scammers demanding tax payments on…

Congress Returns From Extended Summer Recess To Busy Tax Agenda

Posted on September 07, 2016

Every four years, Congress returns to work after a summer recess and is overshadowed by the looming presidential election. This…

Nonprofit Financial Statement Changes

Posted on September 07, 2016

On August 18, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-14 which updates…

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"DWD has provided annual audits and tax filings for Bowmar LLC since 2010.  Their accounting and tax knowledge has been valuable.  We have appreciated their willingness to dive deeply into…"

Bix Benson, Chairman

Bowmar, LLC