Taxes July 9, 2026
The IRS on Wednesday announced a new automatic process that will provide penalty relief for taxpayers who have a history of filing and paying their tax debts on time instead of requiring them to request assistance.
October 5, 2020
This document contains final regulations that provide guidance under section 274 of the Internal Revenue Code (Code) regarding certain recent amendments made to that section. Specifically, the final regulations address the elimination of ...
October 4, 2020
Ensuring data is secure isn’t just a bonus or an extra feature accounting firms can offer clients. And per the IRS—it’s the law. CPA firms that don’t protect their clients’ data face fines, compensatory costs, and other financial hits.
October 2, 2020
The International Accounting Bulletin noted “The competition was strong, and the judges selected PrimeGlobal for its exceptional year under new leadership, restructuring its global governance and delivering strong growth of over 10 per cent.
October 2, 2020
As part of firm’s “community” pillar, Friedman is proud to announce a recent donation to the Council of Urban Professionals (CUP). This donation will be used in support of CUP’s mission of inspiring, elevating and empowering the next generation of ...
October 2, 2020
Cash flow management is the top driver of finance leaders’ investment in accounts payable (AP) and accounts receivable (AR) automation, according to a new study by Bill.com and CFO Research, the research arm of CFO.com.
October 2, 2020
The American Institute of CPAs (AICPA) has submitted recommendations to the Department of the Treasury and the Internal Revenue Service (IRS) to address the need for guidance related to new section 4960 related to the excise tax on executive compensation paid by tax-exempt organizations. The excise tax is imposed on applicable tax-exempt organizations and related...…
October 2, 2020
The final regulation addresses many comments received on the 2015 and 2019 proposed regulations. Specifically, they provide guidance on the gift and generation-skipping transfer tax consequences of contributions to an ABLE account, as well as ...
October 2, 2020
The regional accounting firm of Nathan Wechsler & Company, PA is pleased to announce the promotion of Ashley Major, CPA.
October 2, 2020
The 2017 TCJA generally eliminated the deduction for any expenses related to activities generally considered entertainment, amusement or recreation. However, taxpayers may still deduct business expenses related to food and beverages if ...
October 2, 2020
Also, as part of IRS’s continued focus in this area, the IRS has become aware of variations of the abusive micro-captive insurance transactions. Examples of these variations include certain Puerto Rico and offshore captive insurance arrangements that ...
October 2, 2020
Rimilia is a provider of accounts receivable automation solutions that enable organizations to control cash flow and cash collection in real time. Using artificial intelligence (AI) and machine learning, the SaaS (Software-as-a-Service) platform ...
October 2, 2020
The Internal Revenue Service Chief Counsel has released Chief Counsel Notice 2021-001 (CC Notice), which contains information regarding Chief Counsel’s settlement initiative for certain pending Tax Court cases involving abusive syndicated ...