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Recent News:

When is it OK to throw out old tax documents?

After ever tax season, it's tempting to do some spring cleaning, which often includes a massive dump of recently filed tax data.

Thile many firms have migrated to paperless records, many still grapple with the issue of tax record retention. One of the most confusing questions clients ask their accountants is: what do i do with my tax records and how long do i need to keep them?



Obama plans to make it easier to pay your student loans

President Obama signed a presidential memorandum Tuesday directing federal agencies to overhaul the way Americans repay their student loans. The move is the latest in a series of steps the administration has taken to promote college access and affordability, including expanding a program that caps student loan payments to 10 percent of a person’s income for 20 years. It comes at a time when student debt has surpassed $1.3 trillion and the average graduate is leaving school with nearly $29,000 in education loans.

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Source: Washington Post



Hang up if a caller claims to be from the IRS

The IRS wants to make it clear that the IRS is not calling and demanding that anyone put money on a GreenDot card or other prepaid card, suggesting that you give the IRS your credit card number over the phone. Do not believe anyone who demands that you wire the IRS money, either.

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Source: USA Today


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