Latest Articles

December 6, 2019 

Certain Forms 1099-MISC, Miscellaneous Income, filed with the IRS to report non-employee compensation to independent contractors are also due at this time. Such payments are reported in box 7 of this form.

December 6, 2019 

BDO, one of the world’s leading global networks of independent public accounting firms, today announced its global revenue for all BDO Member Firms (including the exclusive members of Member Firms’ Alliances) at $9.6 billion for the fiscal year ended Sept

December 6, 2019 

One of the ways to set yourself apart as a CPA is to help your clients (and prospective clients) keep money “in play.” Keeping money in play is critical, so it’s important that CPAs have a working knowledge of strategies that help clients preserve ...

December 6, 2019 

Profit growth over the next 12 months is now expected to be 2.7 percent, down from 2.8 percent last quarter and significantly below the outlook of 4.3 percent a year ago. Similarly, 12-month revenue growth expectations dropped a tenth of a percentage ...

December 6, 2019 

The idea behind multi-factor authentication is that a thief may be able to steal usernames and passwords, but it’s highly unlikely they also would have access to the mobile phone to receive a security code or confirmation to actually complete the ...

December 6, 2019 

The national payroll services company Paychex, Inc., says it has updated its systems to accommodate the new Form W-4 issued this week by the IRS. They also continue to support calculation methods of the previous W-4 for its customers. All new employees hired as of January 1, 2020 must complete the new Form W-4, as...…

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