Accounting February 28, 2026
Voting Opens for 2026 Readers’ Choice Awards!
Voting in the 2026 Readers’ Choice Awards is now open. Readers can vote for the programs, hardware, services, and other technologies they use and trust.
July 13, 2020
AICPA Comments on IRS Regulations Regarding Beneficiary’s Ability to Claim Excess Deductions
The proposed regulations provide that the excess deductions retain the character they had at the trust or estate level when they are passed through to the beneficiary.
July 13, 2020
MSCPA Joins Business Groups in Committing to Address Racism and Discrimination
A fervent advocate for diversity and inclusion, Amy Pitter, president and CEO of MSCPA, said business leaders have a responsibility to tackle racism in the workplace. “The Society denounces all forms of racism and remains committed to a mission that ...
July 13, 2020
Taxes, Stocks, and Donations: How the Three Fit Together to Save Money
Having the best options for your clients when tax time comes around is part of being a professional CPA. All clients want to decrease tax burden and increase deductions to maximize after-tax income for the year. There are many options available to help in that pursuit, but some are more well-known than others. Charitable donations...…
July 10, 2020
Do You Have a Clear CAAS Vision?
CAAS stands for Client Accounting and Advisory Services. It may be too late for the profession to choose to use this far better name. One of the regrets that I have from the last 35+ years of trying to help CPA firms ...
July 9, 2020
Long Days and Fireflies and How to Help Our Clients
July has always been my favorite month. When July begins, there’s still an endless sea of summer ahead, the days are long, the fireflies twinkle in the evening, and the air is warm.
July 9, 2020
AICPA News: July 2020
AICPA News is a roundup of recent announcements from the association.
July 9, 2020
IRS Finalizes Guidance on Foreign and Global Intangible Income
These final regulations provide guidance on both the computation of the deductions available and the determination of FDII.
July 9, 2020
Felix Lozano Elected to Chair the International Digital Committee for Nexia International
Lozano is the Partner in Charge of Whitley Penn’s Dallas office, Director of the Firm’s Audit department, a member of the Firm’s Executive Committee and Compensation Committee. He is active in both the internal and external growth strategy of the firm.
July 9, 2020
Tax Exempt Orgs Face July 15 Filing Deadline, Too
Tax-exempt organizations that certain forms they file with the IRS are due on July 15, 2020. For organizations that operate on a calendar-year basis, this includes the 2019 Form 990 they would have normally filed on May 15.
July 9, 2020
CARES Act Causing Business Valuation Concerns for Divorces, Estate Plans and Partnerships
Business valuations are forward-looking and there are multiple approaches to them. An income approach to valuation applies an opportunity cost of capital to an expected future benefit stream, such as cash flows or net income, while a market approach ...
July 9, 2020
Riding Out the Personal Finance Investing Storm
The biggest mistake an investor can make is an impulsive one, which all too often can lead to regret. We strongly encourage clients to take time to think about the news before acting on their impulses.
July 9, 2020
Taxpayers Can Deduct IRA Contributions Made Until July 15
Taxpayers who make IRA contributions to traditional Individual Retirement Arrangements (IRAs) made by this year's postponed tax return due date of July 15, 2020, can claim those contributions as deductions on their 2019 tax return.