Latest Articles

Best Advice to Small Business Owners

October 5, 2020 

Best Advice to Small Business Owners

At an event honoring the twentieth graduating class of the 10,000 Small Businesses program at LaGuardia Community College in New York, we asked some of the business leaders in attendance to share their insights on business-building and how to further ...

 AICPA Honors Innovative Accounting Educators

October 5, 2020 

AICPA Honors Innovative Accounting Educators

The awards, co-sponsored by Grant Thornton and the Federation of Schools of Accountancy (FSA), are given each year to college and university educators who develop unique and effective teaching tools for introductory, upper division, and graduate courses.

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October 2, 2020 

Prime Global Named Top Accounting Firm Association

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.

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October 2, 2020 

Cashflow Management a Key Driver of Finance Investments

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.

Deductions

October 2, 2020 

IRS Issues Final Regs on Meal and Entertainment Deduction

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 ...

 IRS Targets Microcaptive Insurance Schemes

October 2, 2020 

IRS Targets Microcaptive Insurance Schemes

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 ...