The Sansone Difference Blog

States computing ways to tax cloud

Written on November 16, 2015 at 8:08 pm, by


As states struggle to find revenue, officials have their heads in the cloud. With consumers storing an increasing number of files on the Internet, many states are looking at the cloud as a new source of tax revenue. When the sale of goods like DVDs and thumb drives drops, state sales tax dollars fall too.Continue Reading

Drug firm called on carpet

Written on November 9, 2015 at 7:17 pm, by


Valeant Pharmaceuticals is denying claims that the drug company in conducting Enron-type accounting practices. The company responded to a short seller’s allegations that the company is recording fake sales with made-up clients as “erroneous.” Valeant stated that it has relationships with specialty pharmacies, but investors are still leery. A Citron Research report raising questions aboutContinue Reading

Assignment of Estimated Tax Payments in a Divorce

Written on November 3, 2015 at 2:57 pm, by


By Jason Borkes, CPA, Irvine, Calif. October 1, 2015 Editor: Valrie Chambers, Ph.D., CPA Since the 1970s, divorces have been much more common in the United States than they were previously. Divorces raise legal issues such as possession of assets, custody of children, claims to income, and countless others. One issue that is often overlookedContinue Reading

Expired Tax Provisions: No Relief in Sight?

Written on October 19, 2015 at 2:37 pm, by


As the end of the year draws closer, Congress seems even less likely than usual to agree on a package extending all the tax breaks that are currently expired. Here’s a look at the expired provisions and the actions that are pending to extend them. By Sally P. Schreiber, J.D. October 15, 2015 ACA DueContinue Reading

Program connects QuickBooks,

Written on October 12, 2015 at 3:46 pm, by


Business payments and receivables can now be linked between QuickBooks Online and, cutting the required data entry. QuickBooks Online Sync 2.0 allows accounting professionals to achieve efficiency and control of their practice. The seamless, bi-directional work flow for both accounts payable and accounts receivable removes the need for double data entry. It also ensuresContinue Reading

City may take piece of gambling winnings

Written on October 5, 2015 at 2:14 pm, by


Members of the City Council in Amherst, Ohio likely won’t be getting any free beers at the localAmerican Legion post anytime soon, if they adopt pending legislation. The Amherst City Council is looking at putting a tax on gambling winnings at nonprofit clubs. William Hoff, commander of the American Legion post in Amherst, said nonprofitsContinue Reading

SEC: Chain’s inventory improperly valued

Written on September 29, 2015 at 3:40 pm, by


A national retailer has reached an $800,000 settlement with a federal agency for allegedly misstating its pre-tax income. Stein Mart, according to representatives of the U.S. Securities and Exchange Commission, improperly valued inventory that was subject to price discounts. Securities officials said the Florida-based retailer, with four locations in the Chicago suburbs, often offered merchandiseContinue Reading

District 155 unveils new AP course

Written on September 18, 2015 at 3:51 pm, by


A newer Advanced Placement course is being offered for just the second time in Community High School District 155. The class, focusing on research, is only being offered at a limited number of high schools across the country. More than 200 District 155 students are expected to take the course in its second go-around. APContinue Reading

Firms not sheepish about shot at Super Bowl ad

Written on September 9, 2015 at 2:41 pm, by


Intuit, creator of QuickBooks, will be giving one small business a chance to score big, providing it with a 30-second spot during the Super Bowl. There are 10 businesses vying for the commercial air time during the Feb. 7 football game. The winner of the spot will be determined by voting at The 10Continue Reading


Written on August 31, 2015 at 4:43 pm, by


SOCIAL SECURITY – THE FILE AND SUSPEND STRATEGY File and suspend is the short hand name for a feature of social security benefits that became available in the year 2000 for taxpayers who are of full retirement age.  Essentially, it involves one spouse filing for social security benefits and immediately suspending those benefits. Doing thisContinue Reading

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