Effective June 2019 Late last week Nevada announced that State businesses with gross revenue of $4 million or less are no longer required to file a state Commerce Tax return. If the Nevada gross revenue for your business from July 1, 2018 through June 30, 2019 was $4 million or less, your commerce tax account Read More
Business CPAs, Accountants, EAs, Oh My: The Differences Between Them
When choosing an accounting service for your business, knowing what you need can be tricky. Is an accountant the right choice? What about a CPA or Enrolled agent? What do all these titles even mean, and what are the differences between them? Let’s take a look at the different types of accounting expertise, so you can better understand Read More
AN INTRODUCTION TO ROBOTIC PROCESS AUTOMATION FOR INSURERS
The evolution of technology has come a long way in the last five decades, from the advent of core computing in the 1970s to digital transformation and big data in the 2010s. This coming decade will once again bring about exponential advances in technology with the further adoption of machine sensors, internet of things, connected Read More
Tax Benefit of Separating Repairs from Improvements
There’s a world of tax difference between repairs to real estate property and capital improvements. And it’s not just semantics. The characterization could result in an increase or decrease of thousands of dollars on your tax return. Basic premise: Repairs are currently deductible in full and can be used to offset the tax from rental income. On the other hand, Read More
Technology in the Accounting Industry: Why Human Workers Will Always Be Needed
As technology continues to evolve and propel businesses into the future, developments that not long ago seemed lightyears away are now just around the corner. When it comes to accounting, technology has helped streamline processes and secure data to ensure the privacy of client information and enable firms like FAL to provide better, more efficient Read More
What Taxpayers Need to Know About the Government Shutdown
Reaching a record breaking 35 days, the recent government shutdown began on December 22, 2018 and ended on January 25, 2019, which makes it the longest government shutdown in the history of the United States. With news of IRS employees not showing up for work amid salary freezes, the questions are mounting in the minds of taxpayers. As Read More
Temporary or Permanent? What You Need to Know About Recent Tax Reform
This year, the IRS and Congress have unveiled tax reform, some of which is permanent, and some is temporary. Decisions you make this year could affect what happens when some of the reforms expire in 2025. Take a look at the below guide to help you and your tax consultant plan for Tax Day 2018. 2018 Permanent Read More
Fair, Anderson and Langerman named 2018 Accounting Today’s Best Accounting Firms to Work for
Fair, Anderson and Langerman was recently named as one of the 2018 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees. This survey and awards program is designed to identify, recognize and honor the best employers Read More
How the Tax Cuts and Jobs Act Affects Higher Education Tax Breaks and When to Contact a Tax Accounting Firm
The Tax Cuts and Jobs Act (TCJA) enacted many changes that affect individual taxpayers. With regards to tax breaks for higher education, the TCJA brought few changes, merely tweaking existing provisions. An experienced tax accounting firm can help you understand if the TCJA changes your tax situation. Check out the key details of education-related tax breaks for the Read More
What Does the Tax Cuts and Jobs Act Bill Mean for C Corps and How Can Your Tax Accountant in Las Vegas Help?
The number one reason most organizations avoided forming a C Corp – double taxation – is (thanks to the Tax Cuts and Jobs Act) now essentially off the table. The permanent installation of a flat 21% federal income tax came into effect for tax years beginning in 2017. It applies uniformly to PSCs which, prior Read More
