An approach to product costing that assigns a representative portion of all types of manufacturing costs–direct materials, direct labor, variable factory overhead, and fixed factory overhead–to individual products.
WASHINGTON — The Internal Revenue Service today announced important changes to help taxpayers comply with revisions to the Individual Taxpayer Identification Number (ITIN) program made under a new law. The changes require some taxpayers to renew their ITINs beginning in October.
The Federal Insurance Compensation Act imposes a tax on employers and employees in equal amounts to provide funding to the federal government in support of the Social Security and Medicare programs in the United States. Self-employed individuals must pay the entire tax themselves.
(Bloomberg) The U.S. Chamber of Commerce challenged an Internal Revenue Service rule change it claims improperly stymies the ability of U.S. companies to shift their headquarters overseas to shelter global profits from American tax collectors.
Many students get summer jobs. It’s a great way to earn extra spending money or to save for later. Here are some tips for students with summer jobs
September 15 Tax Deadline Reminder:
- Final deadline to file corporate tax returns for the year 2015 if an extension was requested. (Forms 1120, 1120A, 1120S).
- Final deadline to file trust income tax returns (Form 1041) for the year 2015 if an extension was requested.
- Final deadline to file partnership tax returns (Form 1065) for the year 2015 if an extension was requested.
Rotenberg Meril announced a number of promotions: Amy Gutkin has been promoted to audit manager; John Defeo to tax supervisor, Rocco Ignozza to audit senior, Karen Cianci to senior consultant, and Giovanni Rivera, Hasnain Naveed, Anthony Amigon and Miles Siegel to audit semi-senior.
Rotenberg Meril has expanded its presence at its Saddle Brook, New Jersey location to over 17,000 square feet by leasing approximately 3,000 additional square feet. The firm’s Financial Outsourcing Department, which serves emerging public companies and privately held businesses, has been re-located to the new space.