The Sansone Difference Blog
Port advised to ease cargo taxes
Written on May 3, 2016 at 6:59 pm, by rmchone44
The oversight body for an African port is being told to relax tax rules in order to gain clients. The Tanzania Port Authority is being urged to ease taxation regulations in order to boost cargo use at the Dar es Salaam port. The Parliamentary Infrastructure Development Committee has said a bad tax regime at theContinue Reading
Tech execs under fire for accounting moves
Written on April 25, 2016 at 10:00 pm, by rmchone44
The former chief financial officer and acting comptroller of a California tech firm have been accused of using improper accounting procedures to mask a failed market launch. Representatives of the U.S. Securities and Exchange Commission contend that Erik Bardman, the former CFO of Logitech International S.A., spearheaded the company’s fraudulent boosting of financial results toContinue Reading
Partnerships boost QuickBooks’ position
Written on April 11, 2016 at 4:30 pm, by rmchone44
In its ongoing battle with Xero over mobile software turf, Intuit has announced updates to its QuickBooks app to benefit self-employed workers and some key partnerships. Battling for the “gig economy,” which includes ride-sharing drivers, food deliverers and pet-walkers, Intuit has upped the ante by unveiling revamps for its QuickBooks Self-Employed version. The changes areContinue Reading
Report: Canadian provinces need to cut taxes
Written on April 1, 2016 at 12:11 am, by rmchone44
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
Firm cashes in with QuickBooks apps
Written on March 11, 2016 at 10:01 pm, by rmchone44
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 rmchone44
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 rmchone44
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 rmchone44
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
DAT’s right: QuickBooks, freight program connect
Written on February 4, 2016 at 9:50 pm, by rmchone44
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 rmchone44
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