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July 2018 Tax Channel


Tax & Compliance Social Media:

Digital Marketing for Tax Practices. Canopy Blog.

SALT Tax Changes Across the U.S. for July 2018. Tax Foundation.

Three Tips for Diversifying Tax Workforce in Your Firm. Bloomberg Tax.

Income Tax Effects of Inventory Distributions from an S-Corp. Fuller Tax Blog.

IRS to Put Audit Focus on These 5 International Tax Compliance Issues. ExpatTax Blog.


Top Tax & Compliance News:

New Tax Law Modifies Tax Credits for Building Renovations. The Tax Cuts and Jobs Act (TCJA) includes a couple of key changes for real estate investors who are planning to renovate their properties.

Supreme Court Says Railroad Stock Options Aren’t Taxable Compensation. The Supreme Court has reversed and ruled that stock options provided to the employees are not money remuneration and, therefore, are exempt from tax.

Disabled Americans Can Put More Into Tax-Favored ABLE Accounts. States can offer specially designed ABLE accounts to people who become disabled before age 26.

Sec. 529 Plans Can Now Be used for Private Elementary and High School. Beginning in 2018, the definition of qualified expenses is broadened to include tuition for enrollment at an elementary or secondary public, private or religious school.

Bloomberg Tax Offers New ASC 606 Solution. The ASC 606 standard provides companies with a uniform framework for recognizing contract revenue.

See inside July 2018

Accountants as Advisors

The compliance task is still a necessity, but as the recent changes in the tax code and the resulting postcard sized tax return illustrate, much can be done automatically. Fewer individuals will need to itemize and will consider doing their tax ...


July 2018 Accounting & Audit Channel

  Accounting & Audit Social Media: 2018 Accounting Standards You Might Have Missed. PwC Blog. Senior Auditors Benefit from School of Audit. Wolters Kluwer Blog. 3 Ways Extra Capital Helps with Seasonal Needs. Accountex Blog. How to Determine Profit Margins on Services. Accounting Department Blog. FASB Issues New Guidance on Share-Based Payments. Compliance Week.   […]