Latest Articles

November 15, 2018 

4 Strategies for Lease Accounting Transition By Imran Mia New rules more than a decade in the making will “bring leases to the balance sheet,” marking a major change in how companies have historically accounted for leases. While leases have remained off-balance sheet in the footnotes of financial statements, the new rules will require companies...…

November 15, 2018 

Politics Can Create Turmoil in the Workplace By Isaac M. O’Bannon, Managing Editor A new survey shows that while almost half (49%) of respondents enjoy talking politics with peers at work, 53 percent limit social interactions with co-workers who have differing political beliefs.  “Our study shows the topic of politics itself is extremely divisive in...…

November 15, 2018 

5 Types of Clients CPA Firms Should Avoid By Cathy Whitley and Mark Walicki. Emily Ryan was a hard-working CPA who in the early days of her career began doing the tax work of an up-and-coming actor.* Over time this actor became a big star nationally but continued to stay connected with those who had...…

November 15, 2018 

Business Meals are Deductible Again, But Not Entertainment By Ken Berry, CPA Practice Advisor Tax Correspondent Ending months of speculation, the IRS has issued new guidance that allows business deductions for certain business meals, despite restrictions imposed by the new Tax Cuts and Jobs Act (TCJA) on entertainment expenses (IRS Notice 2018-76, 10/3/18). The new...…

November 15, 2018 

5 Leadership Traits Business Leaders Need Isaac M. O’Bannon, Managing Editor Executives must develop new leadership capabilities in order to successfully manage their organizations today and in the future, according to a new study. The Workplace 2025: The Post-Digital Frontier study, from Randstad US, identifies several personal traits as well as five key leadership competencies...…

November 15, 2018 

A business may elect to expense all or part of the cost of any Section 179 property and deduct it in the year the property is placed in service. The new law increased the maximum deduction from $500,000 to $1 million. It also increased the phase-out ...

November 15, 2018 

The IRSAC is a federal advisory committee that provides an organized public forum for discussion of relevant tax administration issues between IRS officials and representatives of the public. IRSAC members offer constructive observations regarding ...

November 15, 2018 

Scavuzzo was recognized for leading Marcum’s digital transformation and his advocacy of leveraging technology to ensure the firm maintains long-term competitiveness in a rapidly accelerating technology landscape.

November 15, 2018 

Schreiber has also received the AICPA Tax Division 2016 Distinguished Service Award, the Society of Louisiana CPAs (SLCPA) 2017 Outstanding CPE Discussion Leader Award and the SLCPA Life Membership Award.

November 15, 2018 

The acquisition brings HHM’s employee total to 155, including the 30 team members in the Memphis office. All GWW’s employees were retained in the merger. Both Wildman and Grisham joined HHM as directors and will work diligently to provide a seamless ...

November 15, 2018 

The standard deduction for married filing jointly rises to $24,400 for tax year 2019, up $400 from the prior year. For single taxpayers and married individuals filing separately, the standard deduction rises to $12,200 for 2019, up $200, and for heads ...

November 15, 2018 

Many startup businesses begin as something the founders pursue in their spare time, while still working a full-time job. If your dream is to turn such a “side hustle” into your livelihood, how do you know when the time has come to make that leap?