Latest Articles

October 28, 2019 

Special provisions in the Code allow taxpayers to donate certain legal rights associated with their property and obtain a charitable contribution for doing so. Typically, a taxpayer must donate their entire interest in the property to obtain a ...

October 28, 2019 

During its annual CCH Connections User Conference, today Wolters Kluwer Tax & Accounting showcased several new, powerful features in its groundbreaking CCH Axcess iQ solution, which leverages artificial intelligence and predictive analytics to help firms turn complex regulatory and legislative change into engagement opportunities. Part of the award-winning CCH Axcess platform, CCH Axcess iQ helps...…

October 28, 2019 

The estimates translate to about 83.6%, of taxes being paid voluntarily and on time. This is in line with recent levels. The new estimate is essentially unchanged from a revised Tax Year (TY) 2008-2010 estimate of 83.8%. After enforcement efforts are ...

Ken Berry, JD

October 28, 2019 

New technologies, emerging industries and renewed interest in complex financial instruments are among the many issues that will be discussed during the American Institute of CPA’s (AICPA) 2019 Forensic and Valuation Services Conference. The conference, being held Nov. 4-6 at Caesar’s Palace in Las Vegas, offers professionals the opportunity to hone their skills and build...…

October 24, 2019 

One of the advantages of someone running their own business is hiring family members. But when including family members in business operations, certain tax treatments and employment tax rules apply. Here are some facts to know when working with a spouse,

October 24, 2019 

When asked about the financial issues that will impact voters in the 2020 election, healthcare, employment and taxes stood out as the top three most important, in that order. Experts agreed on health care and employment, but their #3 issue for 2020 is ...

October 24, 2019 

Attendees experienced hands-on demonstrations of CCH Axcess Financial Prep, the profession’s first dynamic cloud-based trial balance solution already in market; CCH Axcess Knowledge Coach, a cloud-based digital audit management tool; and CCH Axcess ...

October 24, 2019 

High-growth firms spent nearly 42% more of their marketing budget on digital marketing techniques than low-growth firms. While traditional marketing investments such as sponsorships, membership dues, and networking events remain top expenses at most ...

October 24, 2019 

Anyone who prepares or helps prepare a federal tax return for compensation must have a valid PTIN from the IRS before preparing returns, and they need to include the PTIN as the identifying number on any return filed with the IRS.

October 24, 2019 

Many employers outsource to third-party payroll service providers some or all their payroll and related tax duties, such as tax withholding, reporting and making tax deposits. Third-party payroll service providers can help assure filing deadlines and ...

October 24, 2019 

Generally, U.S. taxpayers are taxed on income earned abroad, but may claim a foreign earned income exclusion. To qualify, the taxpayer must (1) be a U.S. citizen who is a bona fide resident of a foreign country the entire tax year or physically ...

October 24, 2019 

For the past two quarters, the PFSi has stalled and dipped slightly. The Q3 2019 PFSi measures 37.3, a 3.6 percent decrease from the prior quarter. The decline was due to a 1.7 point (2.2 percent) drop in the Personal Financial Pleasure Index...