IRS audits of higher income taxpayers increase The IRS audited one in eight individuals with incomes over $1
million in fiscal year (FY) 2011. While the overall audit coverage
rate for individuals remained steady at just over one percent, the
a...
Tax gap grows to $450 billion; compliance rate holds steady The "gross tax gap," or the amount of tax owed to the U.S.
government that is not paid on time, climbed from $345 billion in
Tax Year (TY) 2001 to $450 billion in TY 2006, the IRS has
reported. (Be...
CA - Independent contractor withholding webinar announced The California Franchise Tax Board (FTB) is holding a free webinar
on December 20, 2011, at 10 a.m. PST, for those who must withhold
personal income tax on California source income...
NY - Application for award of administrative costs denied A taxpayer was not entitled to an award of administrative costs
under Tax Law §3030 with regard to a New York sales and use
tax settlement, even though the taxpayer established tha...
UT - Allocation and apportionment rule amended A Utah rule relating to the allocation and apportionment of net
income for corporate income tax purposes has been amended to
reflect legislative changes made by S.B. 136, Laws 2008...
WA - Taxability of insurers explained The Washington Department of Revenue has updated an industry guide
on the application of sales and use tax to the insurance industry.
Insurers and affiliates are responsible for pa...
WY - 2012 interest rate set The 2012 annual interest rate on delinquent Wyoming sales and use
and certain other excise tax accounts has been set at 7.25%, and
the equivalent daily interest rate will be 0.0199...
Welcome to Simmons & Company
A Professional CPA Corporation
Simmons & Company is the CPA firm to meet your individual and business tax needs. We deliver a complete client service experience with professional, yet personal attention. Please browse our site to learn more about our company and our services.
As the CPA behind Simmons & Company, I strongly believe in the value of professional relationships. I view every client relationship like a partnership and I truly believe that my success is a result of your success.
--Marc L. Simmons, CPA
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Professional Business Owners
High Net Worth Individuals
Trusts
Estates
Real Property Owners
S Corporations, LLCs and Partnerships
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