Blog
Threats of Spam and Phishing
Living in the age of great technological advances, in the financial realm, has provided us with convenience, efficiency and peace of mind. Unfortunately, with these advances, cyber-criminals use our technology, and oftentimes, our data without our knowledge for their...
Vrbo®/Airbnb® Properties are Everywhere! Should I own one as well?
It’s a question that keeps many awake at night – “Should I own a short-term rental property and list it with Vrbo®, Airbnb®, or another site?” Hopefully you’re sleeping well these days, but many people either toy with the ideas of purchasing a short-term rental...
Pathfinders in Audit Technologies
We are pathfinders in audit and assurance work here at HintonBurdick. We utilize our team’s depth of knowledge from as far back as 1985 as a base to refer to as we travel forward on the path to find a better approach to our audit. Some things have not changed over...
Avoid Refund Delays By Renewing Expiring ITINs Now
ITINs (Individual Taxpayer Identification Numbers) are used by people who have tax filing or payment obligations under U.S. law but who are not eligible for a Social Security number. Under the Protecting Americans from Tax Hikes (PATH) Act, ITINs that have not been...
Higher Ed Institutions Affected By Proposed Regulations
Proposed regulations were issued by the IRS on June 18, 2019, regarding the new 1.4 percent excise tax on the net investment income of certain private colleges and universities. While the new excise tax is estimated to affect 40 or fewer institutions, it applies to...
List Of Preventive Care Benefits Expanded For HSAs
The list of medical care services for a range of chronic conditions allowed to be provided by a high deductible health plan (HDHP) was expanded effective July 17, 2019. These medical services and items are limited to the specific medical care services or items listed...
Two New Tax Scams To Watch Out For
Although the April filing deadline has come and gone, scam artists remain hard at work. As such, taxpayers should be on the lookout for scams that reference taxes or mention the IRS, especially during the summer and fall as tax bills and refunds arrive. The two new...
Who Can Represent You Before the IRS?
Many people use a tax professional to prepare their taxes. Anyone who prepares, or assists in preparing, all or substantially all of a federal tax return for compensation is required to have a valid Preparer Tax Identification Number (PTIN). All enrolled agents must...
Three Tips For Getting An Accurate Business Valuation
If you're conscientious about financial reporting, you may already have a sense of your company's worth, but in some instances, you might need a formal business valuation, such as: Certain transactions: Are you selling your business? Planning an IPO? Need financing?...
Tax Deductions For Teachers and Educators
Educators can take advantage of tax deductions for qualified out-of-pocket expenses related to their profession such as classroom supplies, training, and travel. As such, as the new school year begins, teachers, administrators, and aides should remember to keep track...
Credit Reports: What You Should Know
Creditors keep their evaluation standards secret, making it difficult to know just how to improve your credit rating. Nonetheless, it is still important to understand the factors that determine creditworthiness. Periodically reviewing your credit report can also help...
New Government Accounting Standards Board Standards
The Governmental Accounting Standards Board (GASB) has issued two new standards that will be effective for the next reporting year for local governments (June 30, 2019 and December 31, 2019 financial statements). GASB 88—Certain Disclosures Related to Debt, including...
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