Latest Articles

February 26, 2020 

The Governmental Accounting Standards Board (GASB) has issued a proposed Concepts Statement that would provide enhanced guidance to the Board when it establishes note disclosure requirements for state and local governments.

February 26, 2020 

The Massachusetts Society of CPAs (MSCPA) has joined with Bentley University and the American Institute of CPAs (AICPA) to create a new way to educate accounting firm leaders in Massachusetts on how to boost diversity and inclusion in the workplace. The innovative series of training sessions will focus on bridging gaps in recruiting, retaining and...…

February 26, 2020 

This simple chart shows an estimate of whey you may receive your 2020 income tax refund. Most taxpayers can get their 2020 income tax refund via direct deposit from the IRS in as little as 10-15 days if they file early.

February 26, 2020 

In addition, Grant Thornton has expanded Nichole Jordan’s role as its regional managing partner for the firm’s Central region – adding the Midwest geographic area to a portfolio that previously consisted of Kansas, Missouri, Nebraska, Oklahoma and Texas.

February 26, 2020 

CPAmerica is continuing its partnership with preferred provider Surgent CPA Review by awarding 2020 scholarships for Surgent’s CPA Review Course to CPAmerica members. This partnership began in 2019 when three Surgent scholarships were awarded to ...

February 26, 2020 

This new eSource addresses all the common and not-so-common retirement plan blunders and provides step-by-step instructions for making things right again. From overpayments to missed deferrals, from late deferrals to late returns ...

February 26, 2020 

Marketplace facilitators may be responsible for collecting and remitting tax on third-party sales as early as October 1, 2020. Currently, marketplaces in Kansas aren’t responsible for tax on all sales made through their platform — just for the tax on their direct sales. Since marketplace sellers may not be collecting tax on those sales either, Kansas...…

Gail Cole

February 25, 2020 

The effect of this strong language is substantial, according to the research by Khrystyna Bochkay of the University of Miami, Jeffrey Hales of the University of Texas at Austin, and Sudheer Chava of Georgia Institute of Technology.

February 25, 2020 

Even though the phrase may sound clunky and outdated, Voice over Internet Protocol — better known as VoIP — has actually become the de facto way to keep today’s increasingly mobile workforce and distributed family units connected.

February 25, 2020 

Already, nearly two dozen tax practitioner firms have reported data thefts to the IRS this year. Use of the multi-factor authentication feature is a free and easy way to protect clients and practitioners’ offices from data thefts.

February 25, 2020 

In addition, the new regs generally follow the guidelines established in Notice 2018-76 for deducting meal expenses, with only minor changes. Under the proposed regulations, taxpayers may continue to deduct 50% of their meal expenses if the following ...

February 25, 2020 

Local sales tax rate changes took effect in several states on February 1, 2020. Read on for details. Alabama In Brookwood, the general rate, the rate for admissions to places of amusement and entertainment, and the rate for food for human consumption sold through vending machines increased from 2% to 3%. The withdrawal rate for...…