News Articles

09

March

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IRS Announces 2013 Mileage Rates : IRS Mileage Rate Increases for 2013

IRS Announces 2013 Mileage Rates On November 21, 2012, the IRS announced the standard mileage rates for 2013. Taxpayers can use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2013, the standard mileage rates are: For business use of … Continued

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09

March

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Eldridge Appointed to Tennessee State Board of Accountancy : Gov. Haslam Appoints Eldridge to 3 Year Term

Stephen Eldridge Appointed to the Tennessee State Board of Accountancy Tennessee Governor Bill Haslam has appointed Stephen Eldridge, CPA, CISA, CITP, CGEIT, CRISC, to a three-year term as a member of the Tennessee State Board of Accountancy. Eldridge is a partner at Alexander Thompson Arnold CPAs. The Tennessee State Board of Accountancy is part of the Department of … Continued

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09

March

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New W-2 Reporting Requirement : Healthcare Cost Reporting Required on W-2s

HEALTHCARE COST REPORTING REQUIRED ON W-2S Beginning with the W-2s issued in January 2013 (i.e., W-2s issued for the 2012 calendar year), large employers must report to employees the cost of their employer-sponsored group health plan coverage on the employee’s W-2 in box 12. This reporting to the IRS is for informational purposes only and … Continued

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09

March

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South Carolina Tax Alert : South Carolina Tax Payer Information Hacked

South Carolina Taxpayer Info Hacked   So you can take steps to protect yourself and your business, you need to know that the South Carolina Department of Revenue computer systems have been hacked.  The hacker stole information including 3.6 million. Social Security numbers and nearly 400,000 credit and debit card numbers. Investigators are still trying … Continued

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08

March

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Tennessee Department of Revenue Announces New Filing and Payment Requirements : New filing and payment requirements that may effect you and your business.

Tennessee Department of Revenue Announces New Filing and Payment Requirements The Tennessee Department of Revenue recently announced new filing and payment requirements that may effect you and your business. The following requirements begin on January 1, 2013: For the purposes of Tennessee corporate income tax,all returns that are prepared using computer software must be filed electronically. We … Continued

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