Taxes September 5, 2024
AICPA Comments on Interaction between Section 266 and Section 163(j)
The Tax Cuts and Jobs Act (TCJA) rewrote section 163(j) to enact significant new limitations on the deduction of “business interest expense.”
Isaac M. O'Bannon is the managing editor and digital content manager for CPA Practice Advisor (www.CPAPracticeAdvisor.com), drawing on two decades of experience covering the areas of professional accounting, taxation, business productivity and consumer technologies.
Prior to CPA Practice Advisor, O'Bannon was a consultant at firms in San Francisco, Denver and Tulsa, serving clients that included Logitech, Polycom, Hilti, Microsoft, the Stanford Research Institute, the University of Oklahoma's College of Engineering and other technology leaders. He is a U.S. Navy veteran.
Email: isaac.obannon - @ - cpapracticeadvisor.com
Taxes September 5, 2024
The Tax Cuts and Jobs Act (TCJA) rewrote section 163(j) to enact significant new limitations on the deduction of “business interest expense.”
Financial Reporting September 5, 2024
Among heads of operations within the U.S. financial services sector, roughly 50% are unable to access real-time data, and two-thirds have legacy data environments that aren’t suited to AI.
Accounting September 5, 2024
With “Prosperity Next,” Prosperity Now is not only enhancing its role as a market leader, but also spearheading efforts to create a more inclusive financial system.
Firm Management September 5, 2024
The 12,000+ square foot space will be within The Star District which includes many shops and restaurants as well as the Cowboys Ring of Honor Walk. The location is directly across the street from the Cowboys headquarters and practice facility.
Small Business September 3, 2024
Taxpayers can begin getting ready for a disaster with a preparedness plan that includes protecting and duplicating essential documents, creating lists of property and knowing where to find information if needed.
Small Business September 3, 2024
Average 12-month inflation expectations dropped to 4.9% in August—the lowest since March 2020 and consistent with slower overall inflation and declines in some goods prices.
Payroll September 3, 2024
The Midwest remained the top region for small business employment growth for the third consecutive month.
Small Business September 3, 2024
Pending home sales in July retreated 5.5%, according to the National Association of Realtors. All four U.S. regions posted monthly losses in transactions.
Firm Management August 30, 2024
Research shows 25% want to increase to “active” or “highly active” roles in implementing initiatives in diversity, equity, and inclusion.
Payroll August 29, 2024
While this shift towards international hiring is evident across industries, the U.S. has been the largest contributor to Multiplier’s international hires, accounting for 80% of the accounting positions filled through the platform in recent years.
Accounting August 29, 2024
CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. Now in their 21st year, the awards highlight technologies that advance the profession.
Accounting August 29, 2024
IRS Advance Notice was a Finalist for the 2024 Tax and Technology Innovation Awards, from CPA Practice Advisor.