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.
June 24, 2020
AICPA Asks IRS for Guidance on Excess Business Losses
The excess business loss is defined as the aggregate deductions for the taxable year attributable to trades or businesses of a taxpayer over the aggregate gross income or gain for the taxable year, plus $250,000 ($500,000 for a ...
June 24, 2020
In New Era of Uncertainty for Accounting Firms, Remote Workforces are a Certainty
Successful CPA firms place a premium on security and ongoing contact with clients. The remote practices, initially thought to be somewhat temporary, will most likely be permanent and will require ongoing education of employees and ...
June 24, 2020
IRS Issues Guidance on Sec 199A Deduction for RICs
The Internal Revenue Service has issued final regulations permitting a regulated investment company (RIC) that receives qualified real estate investment trust (REIT) dividends to report dividends the RIC pays to its shareholders as section 199A dividends.
June 24, 2020
The Internet Tax Freedom Act is Controversial, and Gets Locked in on July 1
A controversial law since its initial passing, tension has only increased as this permanent implementation date draws near. The loss of this revenue source isn’t welcomed by state revenue agencies, particularly as ...
June 24, 2020
Sales Taxes in the U.S.: 2020 Mid-Year Update
The midyear update to Avalara's annual sales tax changes report takes stock of what’s transpired in the world of sales tax since the start of the year. It also introduces emerging trends.
June 24, 2020
CPA Financial Planners Helped Clients Prepare for Economic Uncertainty
For their clients who own small businesses, CPA financial planners helped make sense of the provisions in the newly passed Coronavirus Aid, Relief and Economic Security (CARES) Act.
June 24, 2020
How to Modernize your Tax Practice – Part II: Empower Your Work and Team
There are many advantages to leveraging the cloud to consolidate your document storage. These include increased document accessibility, improved time management, and enhanced data security, not to mention a ...
June 24, 2020
The Case for Outsourcing Collections at Accounting Firms
Outsourcing collections is a major opportunity for your firm to refocus its time and resources toward activities that improve the satisfaction of your firm’s clientele while also supporting the firm’s bottom line.
June 24, 2020
Survey Shows Support for Travel Industry Stimulus
With only 18 percent of respondents reporting taking an overnight trip since March, the devastation caused to the hotel industry is already nine times worse than 9/11, with more than 8 in 10 hotels having to lay off or furlough...
June 24, 2020
Treasury to Identify Businesses that Received PPP Loans
The Trump administration says it will disclose details about companies that received loans of more than $150,000 from a coronavirus relief program for small business, following a backlash for its earlier refusal to release data ...
June 24, 2020
Pennsylvania Man Guilty of $295K Tax Fraud Using Stolen Puerto Rican Names
The returns filed by Morales and the conspirator were filed using stolen names, social security numbers and birthdates of Puerto Rican residents, the records say.
June 24, 2020
Another Round? More Coronavirus Stimulus Payments May Be Coming Soon
The $3 trillion Health and Economic Recovery Omnibus Emergency Solutions Act (“HEROES Act”), already passed by the House, would again distribute $1,200 per person, via paper checks, direct deposit deposit or debit cards.