Latest Articles

September 16, 2020 

Generally, if you make withdrawals from a traditional IRA before age 59½, you must pay a 10% penalty tax, in addition to the regular income tax. However, the tax law has created a number of special exceptions.

September 16, 2020 

Established in 1998, the ETAAC is a public forum for the discussion of issues in electronic tax administration. Its aim is to prevent identity theft and refund fraud in support of paperless filing of tax and information returns.

September 16, 2020 

The Illinois CPA Society has awarded Elizabeth A. Murphy, Ph.D., MBA, CPA, with its prestigious 2020 Lifetime Achievement Award. The Lifetime Achievement Award is the highest honor ICPAS bestows on a member who has ...

September 16, 2020 

The Sensiba Center for Sustainability, the first of its kind in California, provides a full spectrum of services to advise companies at every phase of the transition to a purpose-driven business model. From businesses just beginning to explore the ...

September 15, 2020 

AvaTax for Beverage Alcohol is a central component in the Avalara for Beverage Alcohol suite of products, which provides comprehensive support for beverage alcohol businesses across the compliance life cycle, from licensing and product registrations ...

September 15, 2020 

Revenue Proc. 2020-23 allows eligible BBA partnerships the option to file such amended returns before September 30, 2020. Final and proposed regulations under section 163(j) were released on July 28, 2020, and proposed regulations under ...

September 15, 2020 

The American Institute of CPAs (AICPA) has issued recommendations to the Department of the Treasury and the Internal Revenue Service (IRS) to address the need for guidance on new section 512(a)(6) of the Tax Cuts and Jobs Act (TCJA) regarding unrelated bu

September 15, 2020 

Bloomberg Tax & Accounting has released its 2021 Projected U.S. Tax Rates report. Based on changes in the chained Consumer Price Index (chained CPI) released today by the U.S. Bureau of Labor Statistics, Bloomberg Tax & Accounting's annual report is ...

September 15, 2020 

​Xero has released two new reports highlighting the economic and emotional impact of the pandemic on small businesses across multiple countries.

September 15, 2020 

If the current pandemic has taught us anything, it is to save while we can. It’s extremely important to continuously monitor, plan, and educate yourself on the type of investments you hold, and keep a proactive mindset while fostering the drive to ...

September 15, 2020 

Rather than constantly trying to sell new clients on your services, having your clients become your biggest advocates is the key to finding and attracting high net worth clientele. To get to this point, you must create an excellent experience for your ...

September 15, 2020 

Deloitte has reported aggregate global revenue of $47.6 billion (U.S.) for the fiscal year ending 31 May 2020 (FY2020), a 5.5 percent increase in local currency* and 3.9 percent increase in US dollars. In the first nine months of FY2020, prior to the ...