Latest Articles

December 6, 2019 

Today, the role of auditors is largely limited to the audit of financial statements—the bedrock foundation for financial information reported by companies—and audits of internal control over financial reporting (ICFR).

December 6, 2019 

Additionally, the TCJA changed how taxable income is calculated for purposes of the Foreign Tax Credit limitation by disregarding certain expenses and repealing the use of the fair market value method for allocating interest expense.

December 6, 2019 

The Weave Payment platform combines the power and convenience of Text to Pay with the ease and efficiency of the Weave Payments credit card terminal and virtual terminal. Text to Pay is a powerful, convenient feature that allows businesses to collect ...

December 6, 2019 

Certain Forms 1099-MISC, Miscellaneous Income, filed with the IRS to report non-employee compensation to independent contractors are also due at this time. Such payments are reported in box 7 of this form.

December 6, 2019 

BDO, one of the world’s leading global networks of independent public accounting firms, today announced its global revenue for all BDO Member Firms (including the exclusive members of Member Firms’ Alliances) at $9.6 billion for the fiscal year ended Sept

December 6, 2019 

One of the ways to set yourself apart as a CPA is to help your clients (and prospective clients) keep money “in play.” Keeping money in play is critical, so it’s important that CPAs have a working knowledge of strategies that help clients preserve ...

December 6, 2019 

Profit growth over the next 12 months is now expected to be 2.7 percent, down from 2.8 percent last quarter and significantly below the outlook of 4.3 percent a year ago. Similarly, 12-month revenue growth expectations dropped a tenth of a percentage ...

December 6, 2019 

The idea behind multi-factor authentication is that a thief may be able to steal usernames and passwords, but it’s highly unlikely they also would have access to the mobile phone to receive a security code or confirmation to actually complete the ...

December 6, 2019 

The national payroll services company Paychex, Inc., says it has updated its systems to accommodate the new Form W-4 issued this week by the IRS. They also continue to support calculation methods of the previous W-4 for its customers. All new employees hired as of January 1, 2020 must complete the new Form W-4, as...…

December 5, 2019 

It is not uncommon for taxpayers, and even some tax professionals, to assume that the examination process begins when the Tax Compliance Officer or Revenue Agent sends the first notice to the taxpayer. However, this is not the case.

Dave DuVal

December 5, 2019 

The purpose is to align the materiality concepts discussed in AICPA Professional Standards with the description of materiality used by the U.S. judicial system, the auditing standards of the Public Company Accounting Oversight Board...

December 5, 2019 

The IRS forms partnerships with a wide variety of organizations across the country to develop TCE programs. Community partners include non-profit agencies, faith-based organizations and community centers.