Latest IRS Data Books Shows Jump in Higher Income/Small Business Audit Rates
 The just released 2011 IRS Data Book provides statistical information on IRS examinations, collections and other activities for the most recent fiscal year ended in 2011. The 2011 Data Book shows a notable increase in the odds of being audited with several high income categories. Read more... |
Contemporaneous Tax Records: Are You Keeping Up?
 Everybody knows that tax deductions aren't allowed without proof in the form of documentation. What records are needed to "prove it" to the IRS vary depending upon the type of deduction that you may want to claim. Read more... |
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Change of Accounting Rules/Audit Instructions Issued on New Repair Rules
 At the end of 2011, the IRS issued comprehensive and far reaching temporary regulations on the capitalization of costs relating to tangible property. The regulations are generally effective for tax years (or costs incurred in tax years) beginning on or after January 2, 2012. Read more... |
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Wireless Security - How to Protect Your Network
Reposted from March 1, 2011
 How many businesses have notebook computers or other wireless devices that wonder into the wireless world without so much as even a guideline for them to follow? Whether it is an employee using their notebook on their unsecured wireless network at home, using it at a coffee shop or using it at a hotel when they are on the road. All of these locations are security risks. Read more... |
About Us:
The Whitlock Company is a full-service CPA firm offering a range of professional tax, audit, accounting and management advisory services to the following industries: Community Banking, Real Estate, Manufacturing, Not-for-Profits, Higher Education and more. For more information, please contact us.
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