Rob Shaff - Contributing Author

This week, we are taking a look back at portions of an earlier article; our return to this topic arises out of a readers’ question regarding an LLC taxed as an S-corporation. more

Aug 15, 2016 9:00 PM General Ledger

In this mini-series, contributing author, Rob Shaff, demystifies the various leases that businesses enter into, which are all too often improperly reported. We will also look at reporting changes announced by the Financial Accounting Standards Board. more

Aug 8, 2016 10:44 PM People and Business

A reader recently wrote in asking if someone could explain reconciliation between net income and cash flow from operations. Rob's explanation was so thorough that I thought it was best published as 'an article' than simply a commentary. more

Aug 2, 2016 12:05 AM General Ledger 1 Comments

We step away from our mini-series, "Inventory Accounting 101," to discuss the proper identification and nomenclature associated with the equity section of your balance sheet. more

Jul 11, 2016 9:02 PM General Ledger 3 Comments

Today’s article discusses the instances in which a partnership or limited liability company treats its partners or members as employees even though tax law prohibits this practice. more

Jun 20, 2016 8:36 PM People and Business 1 Comments

This article provides examples regarding the posting of accrual entries for incurred payroll and payroll-related costs not yet processed using your payroll program. more

May 30, 2016 8:57 PM Payroll and Merchant Services 1 Comments

Generally Accepted Accounting Principles should always be considered, since at some level, they are universal to recording accounting transactions and preparing financial statements. more

May 23, 2016 10:00 PM General Ledger 1 Comments

The importance and benefits of establishing an LLC can be completely overshadowed by the negligence of not making the correct entity taxation election. This article is focused on assisting you in making the correct election. more

May 9, 2016 8:47 PM People and Business

In this 2nd part of our first real content mini-series for Accounting Tips Tuesday, we will look at little more closely at making the decision about configuring the legal structure of your business entity. more

Apr 25, 2016 8:49 PM People and Business 5 Comments

Choosing the proper business entity type is a critical and significant business decision that can have major implications on the business. Rob Shaff breaks down the options in this 2 part series. more

Apr 18, 2016 9:05 PM General Ledger 2 Comments

Forewarned is forearmed. Be on the watch for this year's tax fraud schemes. Rob Shaff, IA's resident tax author reveals two of the newest cons that scam artists will attempt to rip you off while making you think it's the IRS doing it. more

Mar 15, 2015 7:57 PM Tax and Practice Management

Under the Affordable Care Act, Employee Payment Plans are forbidden. Beginning January 1, 2014, an employer is subject to a $100 per day/per employee penalty for continuing to use an EPP. more

Feb 22, 2015 5:18 PM Tax and Practice Management

With the 2014 tax filing season in full swing, what are some of the things that have change regarding your taxes. Contributor Rob Shaff has defined them as 'the good, the bad, and the hideous.' more

Feb 8, 2015 3:44 PM Tax and Practice Management 3 Comments

Contributing Author Rob Shaff gives you an update of the latest changes to the Affordable Care Act. more

Nov 16, 2014 8:14 PM Tax and Practice Management 2 Comments

Nexus Matters

Image courtesy of ddpavumba /

The IRS Notice amends the Regulations to allow an employee covered under a Cafeteria Plan to drop their employer-sponsored coverage in favor of enrolling in an Exchange-based plan. more

Nov 2, 2014 2:38 PM Tax and Practice Management

The IRS has recently issued a few new updates all practitioners and small business owners will be interested in. more

Nov 2, 2014 2:27 PM Tax and Practice Management

IRS Provides Assistance in Tax Refund Fraud Cases.... more

Jul 27, 2014 10:15 PM Tax and Practice Management 1 Comments

Perhaps the single most coveted deduction favored by small business owners is the Section 179 deduction. Congress has acted, but unless the U.S. Senate acts, Section 179 deductions will max out at $25,000 in lieu of $500,000 for 2014 tax returns. more

Jun 29, 2014 6:24 PM Tax and Practice Management 1 Comments

With the ever-increasing popularity of LLCs, understanding what Guaranteed Payments are, how they affect an LLC return, how they affect an individual return, and how to account for them is vital for tax preparers. more

Jan 26, 2014 8:00 PM Tax and Practice Management 3 Comments

Have you ever heard of PEP and Pease? These two new taxes have a much greater reach than increasing tax rates or the new Net Investment Income tax. more

Jan 12, 2014 3:51 PM Tax and Practice Management 3 Comments

300 Opaque Ad Separator

Subscribe 300

300 Opaque Ad Separator

300 Opaque Ad Separator

300 Opaque Ad Separator

300 Opaque Ad Separator