Latest Articles

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.

December 5, 2019 

As you know, the Tax Cuts and Jobs Act (TCJA) was signed into law in 2017. Most of the measures were effective beginning in tax year 2018, and many individual measures contain a sunset date at the end of 2025. Here’s a summary of the TCJA provisions ...

Mike D'Avolio

December 5, 2019 

More than 5 million Americans are living with Alzheimer's disease – the sixth-leading cause of death in the United States. More than 16 million family members and friends provide care to people with Alzheimer’s and other forms of dementia.

December 5, 2019 

When it comes to passive vs. active income concerns, you should be ready to advise which structure makes the most sense for them and offers the best tax advantages.

Nellie Akalp

December 5, 2019 

More than 90% of all data thefts begin with an email phishing scam. The IRS, state tax agencies and the nation’s tax industry – working together as the Security Summit – warned people to watch out for phishing scams during the busy holiday shopping ...

December 5, 2019 

Stabilizing cash-flow is a major challenge for small-to-midsize businesses. Inefficient wire transfers and fragmented accounting processes force businesses to wait several days to receive payments from their payers. For small businesses expanding their...

December 5, 2019 

The American Institute of CPAs’ (AICPA) Auditing Standards Board (ASB) has released Statement on Standards for Attestation Engagements No. 19, Agreed-Upon Procedures Engagements, to supersede SSAE No. 18 AT-C section 215 of the same title in AICPA ,,,

December 5, 2019 

As 2019 comes to an end, so does the window of opportunity to take advantage of certain tax and financial planning strategies. To help Americans be best positioned come Tax Day 2020, CPA financial planners with the American Institute of CPAs (AICPA) ...

December 5, 2019 

Find out how the recovery period for certain farm property has been shortened and about the alternative depreciation system for farming businesses. For more information, go to https://www.irs.gov/pub225.

December 4, 2019 

With 2019 about to come to a close, and businesses still adapting to legislative and regulatory changes from the Tax Cuts and Jobs Act (TCJA), several tax planning opportunities are still available to help reduce a business’s tax burden.