Auditing and Banking

IRS Gets Mixed Grades from TIGTA
According to a new Treasury Inspector General for Tax Administration (TIGTA) report, the Internal Revenue Service seems to have an effective process for ensuring that electronic filing provider applicants meet age requirements and have no tax compliance issues. Unfortunately, IRS doesn’t get quite the same high marks for consistency with regard to its ability to [...]

S Corporations May Remain Popular
In spite of the growth and popularity of limited liability companies, S corporations still remain popular as an option for conducting business. In fact, Internal Revenue Service records indicate that the S corporation is the most popular entity under which to conduct business. In 2009 there were an estimated 2.5 million C corporation income tax [...]

Produce Your money Equipped with Low-Risk Ventures
Funds can get or break up along with person subject to how clearly they are really made. There are several basic laws of investing which can be adopted so that you can help reduced risk to the investor. These are not fool proof by any extend of the imagination however, many great guidelines to help [...]

Estate Tax Set to Come Back with a Vengeance in 2011
2010 is a great year to die if you have an estate valued at more than one million dollars. That’s because the Senate allowed the estate tax to lapse in 2010. A lapse scheduled as part of the Bush-era tax cuts. It saves heirs a 45% hit by Uncle Sam this year. Not so for [...]

IRS Gears Up to Business-to-Business Information Reporting Requirement
While an excise tax on tanning services was the first health care reform revenue raiser to hit the books, the Patient Protection and Affordable Care Act of 2010 also includes new Sec 6041 requirements with respect to reporting of payments made in the course of a payer’s trade or business. For those of you running to [...]


Banking ? Balancing Your Account
One of the newest controversies among many consumers has to do with bank fees. If you have not been keeping up with this hot topic, then here is a brief summary. As you know, there are fees that you are given when you overdraft from your checking account. Many people accuse banks of intentionally making [...]

International Banking Jobs
As the world shrinks and the banks grow, they increasingly find themselves dealing with the global aspects of finance. Most significant banks offer tailored international banking solutions to their customers, helping them to access their accounts and utilise overseas banking facilities with great ease. Jobs in international banking can involve all sorts of skills, from [...]

Choose The Right Credit Card Processing Services
Who does not know what a credit card is? Even kids as young as 3 could identify a charge card from a regular ID card. This is so because we are in this modern age where people are becoming dependent on plastic with monthly payments, seeing as most establishments now accept credit as a form [...]

The Fed?s Role in Crisis and Recovery
Despite its apolitical mandate, the Federal Reserve remains one of the most politically sensitive institutions in the world, as evidenced by Fed Chairman Ben Bernanke’s opinion column on November 29th. In the piece, Bernanke criticized proposed legislation before the Senate that would seek to curtail powers given to the Fed over its near-century of existence. [...]

For the Fifth Week In A Row ? Mortgage Rates Hit A New All Time Low
The 30 year rate fell from 4.42 to 4.36 this week. This is the 6th week in a row where rates have fallen. But more importantly this is the 5th week where we have hit a new all time low. In that time the 30 year rate has dropped from 4.57 to [...]