Latest Articles

November 26, 2018 

The IRS generally recommends keeping copies of tax returns and supporting documents at least three years. Employment tax records should be kept at least four years after the date that the tax becomes due or paid, whichever is later.

November 26, 2018 

Friday, Feb. 1, 2019 (maybe) -- But more likely, Friday, Feb. 8 or 15... Probably in February, because of the changes to the tax laws this year, and because those with certain tax credits have to wait longer to protect against fraud.

November 25, 2018 

The proposed ASU is part of the FASB’s ongoing agenda project focused on improving the FASB Accounting Standards Codification® and correcting its unintended application.

November 21, 2018 

This is the time of year that lists are made (and checked twice). It’s also a great time for CPAs to consult with clients and offer much-needed year-end advice. Here’s a year-end checklist for critical end-of-year tasks to get your clients in top shape...

November 21, 2018 

Once you file and the IRS accepts your return, it usually takes about 7-10 days to get your income tax refund if you use direct deposit and you e-filed your return. However, it may take up to 21 days. This chart shows when to expect your refund.

November 21, 2018 

If own property like real estate that has appreciated substantially in value, you might owe a large capital gain if you sell the property. In addition to paying the maximum 20% tax rate on long-term gains if you’re in the top ordinary income tax bracket..

November 21, 2018  Sponsored

On Nov. 5-7, San Jose, California, was energized with another terrific QuickBooks Connect event, where some 5,000 accounting and tax professionals, app developers, owners and staff of small businesses, freelancers and exhibitors came together to ...

Scott Cytron

November 21, 2018 

Phrases such as "Cloud Computing" and "Moving to the Cloud" have been a consistent part of the conversation around IT strategy in the accounting profession for a number of years. It means different things to different firms based on several factors ...

November 21, 2018 

In short, accounting competence in the C-suite is, the professors write, a “two-edged sword” that can either enhance or subvert financial reporting.

November 21, 2018 

“The AICPA is concerned about the planned changes to the transcript process and potential delays it would cause in a tax preparer’s ability to obtain transcripts and timely assist taxpayers."

November 21, 2018 

Contractors often need to post contract bonds when they want to bid on public projects. In fact, most federal projects require obtaining bid, performance and payment bonds. In addition, private project owners are increasingly also including this ...

November 20, 2018 

To grow your firm’s accounting profits by 20% or more, you need full control over your engagements. Accounting Power CAS is the first system designed to put CPAs back in control. The result? 20% more accounting profits, guaranteed.