Insights & News

The Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) issued new auditing standards ((SAS) No. 134) in May of 2019,

Annual contributions to IRAs, including Roth IRAs, are now capped at $5,500 ($6,500 if you’re 50 or older). Roth IRA contributions aren’t tax deductible, they’re

Low investment yields have robbed many savings vehicles of their appeal. Besides bank CDs and money market funds, fixed annuities also may fail to generate

TJT Outsource Accounting added two new employees recently.  Janna Winkler recently joined TJT Outsource Accounting as an account coordinator.  Janna has been a controller for

Among consumers, leasing cars is increasingly popular. According to Experian Automotive, a data provider, a record 27.5% of new cars financed in the first quarter

For most workers, contributing to an employer sponsored retirement plan usually is a good idea. In 2013, since passage of ATRA, making full contributions to

A 2013 decision by the U.S. Supreme Court illustrates the importance of updating beneficiary forms regularly. If you don’t, your desired heirs can lose a

Jeff Brovet, audit partner, was awarded the William P. Eyerman Award by the Triangle Commerical Association of Realtors at their Frontier Awards held on February

The North Carolina Department of Revenue recently added a resource document that provides a brief summary of the tax law changes made by prior General

When someone gives you cash or other valuable assets, do you owe income tax? No. The same is true if you receive an inheritance. The

The IRS issued the final repair regulations on September 13, 2013, that clarified a lot of capitalization rules for taxpayers.  As the year-end is quickly

Keep in mind that the Social Security Payroll tax holiday expires at the end of 2012.  Starting in January of 2013, the employee’s share of

Each year the IRS lists its “Dirty Dozen” tax scams for taxpayers to watch out for. What’s on the list for 2012? Here is a