tax services raleigh nc Archives - Page 2 of 2

Overview of Possible FASB Changes in Non-Profit Reporting Rules

Pam WilliamsJune 4, 20130 Comment

The Financial Accounting Standards Board recently evaluated the way in which non-profit organizations report their financial information and is seeking to make changes that would enable charities to provide more accurate financial information to the general public.

To start with, FASB board members have created a draft document that can be used as a formal operating measure to evaluate any organization that is set up to serve the public good.

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Tax-Exempt Organizations May 15 Deadline

Pam WilliamsMay 13, 20130 Comment

Just recently, the IRS announced that many tax-exempt organizations have a May 15 deadline that is required by law to file final reports with the IRS. If an organization has not filed their reports for three consecutive years, they may see their federal tax exemptions automatically revoked.

IRS Start Processing 2012 Tax Returns January 30

Pam WilliamsJanuary 16, 20130 Comment

Langdon & Company LLP, provides tax services in the Raleigh area. We provide consultation and tax services to business owners by helping to interpret tax law, raise tax related issues and provide solutions to tax problems.

Just recently The Internal Revenue Service (IRS) has announced that it will open the 2012 tax season beginning January 30, 2013. This announcement comes following the changes made by Congress on January 2, 2013 to the American Taxpayer Relief Act.

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Summary of The American Taxpayer Relief Act

Pam WilliamsJanuary 14, 20130 Comment

On the first day of the year 2013, the United States Congress passed House Resolution 8, better known as the American Taxpayer Relief Act (ATRA) of 2012. Aside from preventing a headlong dive off the proverbial fiscal cliff, ATRA extends some of the Bush-era tax cuts and introduces new provisions that may or may not help to curb the budget deficit and stimulate the American economy.

Langdon & Company LLP have experienced Raleigh tax service professionals available who understand the tax laws and how they may impact individuals or specific businesses.

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“The Affordable Care Act”, Now That We Know It’s the Law, What Does it Mean?

Michael MillerDecember 31, 20120 Comment

The Patient Protection and Affordable Care Act [“PPACA”] (also sometimes referred as “The Affordable Care Act” or “ObamaCare”) was originally enacted in 2010 but essentially became significant legislation this past summer when in a landmark decision, the Supreme Court by a margin of 5-4 upheld the law as constitutional. We at Langdon & Company LLP, a Raleigh CPA firm have tax professionals available to help guide you and your business through planning for the Act.

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