The Sansone Difference Blog

Report: Canadian provinces need to cut taxes

Written on April 1, 2016 at 12:11 am, by


A new report is calling on Canadian government officials to be more like their U.S. counterparts. They are not being urged to be more like Americans in obstructing legislation to get their respective party elected or speaking in sound bites, but in terms of tax policies. The report from the Atlantic Institute for Market StudiesContinue Reading

Company pays SEC millions for accounting missteps

Written on March 24, 2016 at 8:11 pm, by


Novartis AG has agreed to pay a $25 million settlement with the U.S. Securities and Exchange Commission over accounting and bookkeeping issues relating to illicit payments made in China. An SEC probe had found that employees of two China-based Novartis subsidiaries provided gifts, money and other valuables to state health care professionals. The SEC saidContinue Reading

Baseball program digs in to improve fields

Written on March 19, 2016 at 5:47 pm, by


A fund-raising effort will mean improved baseball fields for local youths. The Crystal Lake Babe Ruth program raised $45,000 to better the fields at Lippold and Veteran Acres parks. Justin Banasynski, president of Crystal Lake Babe Ruth, said the 56-year old baseball organization wants to improve local fields and rebuild its house leagues. He saidContinue Reading

Firm cashes in with QuickBooks apps

Written on March 11, 2016 at 10:01 pm, by


The release of two QuickBooks apps has a financial technology company in line for an innovation award. eProdigy has been chosen as a finalist in the “Most Innovative Company” category for the Innovation Project 2016 Awards. Joining eProdigy in the list of finalists are Starbucks, MasterCard, SunTrust Bank and PayPal. Winners of the awards lastContinue Reading

Drink in these different deductions

Written on March 7, 2016 at 4:16 pm, by


Finding items to deduct from tax returns is everyone’s goal. Here are some not so typical things – courtesy of the U.S. Tax Court – that have been ruled deductible expenses in individuals cases. You may want to rethink your calculations to consider: Cat food: Samuel and Carol Seawright of Columbia, S.C. operated Columbia NorthContinue Reading

Professor uncovers gender tariff bias

Written on February 26, 2016 at 5:15 pm, by


Women have been dealing with inequalities in the workplace for decades, but are they are also being discriminated against at the clothing rack? A Texas A&M professor is questioning why tariffs are higher for women’s imported garments than imported clothes for men. Lori Taylor, a professor at A& M’s George Bush School of Government andContinue Reading

UK financial panel changes focus

Written on February 19, 2016 at 1:55 am, by


The scope of work for the United Kingdom’s Financial Reporting Council is slated to shift. A “sea change,” the council’s chief executive officer said, will move the agency in the coming years from establishing standards to ensuring audit quality. The council’s Stephen Haddrill told Bloomberg BNA, a wholly owned subsidiary of Bloomberg that focuses onContinue Reading

Plastics firm molds to changing markets

Written on February 11, 2016 at 9:21 pm, by


A Crystal Lake plastics producer has registered record earnings despite sales dropping more than $50 million from a year ago. AptarGroup marked earnings of 67 cents per share in the fourth quarter of 2015, beating its own estimate of earnings between 61 and 66 cents per share. The Crystal Lake firm had earnings per shareContinue Reading

DAT’s right: QuickBooks, freight program connect

Written on February 4, 2016 at 9:50 pm, by


Freight brokers have a new way to merge Intuit’s QuickBooks and transportation management software. A feature in DAT Keypoint allows brokers in need of transportation management software to still keep their QuickBooks small business accounting software for reconciling finances. “We developed the new interface because brokerage firms that are accustomed to using QuickBooks often wishContinue Reading

Ways to avoid IRS penalties

Written on January 28, 2016 at 7:07 pm, by


Accountants being able to help a client get out of tax penalties from the IRS are invaluable assets able to create customers for life and generate more business over time through word of mouth. Knowing how to navigate through the rules for a reduction or elimination of tax penalties is key to taking those finesContinue Reading

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