Latest Articles

October 22, 2018 

In Loughman v. Commissioner, T.C. Memo 2018-85, the operators of a Colorado cannabis dispensary argued that for a cannabis dispensary operating as an S-Corporation, Section 280E discriminates against S-Corporation shareholders by double taxing income when shareholder salary is disallowed pursuant to Section 280E as a deduction from flow-through S-Corporation income and also included on the...…

October 22, 2018 

The annual award recognizes CPAs who have contributed measurably to the AICPA and the accounting profession through their dedication to volunteer service. Each recipient has participated in an Institute volunteer committee, task force or resource ...

October 22, 2018 

In addition to general sessions and networking events, attendees will choose from five learning tracks which include Accounting & Audit, CCH Axcess™, Management, Tax, and Technology. The learning tracks offered through lectures, discussion pods and ...

October 22, 2018 

The American Institute of CPAs and a significant number of the nation’s largest accounting firms are moving forward with a multiyear initiative to create a new, innovative process for auditing using technology.

October 22, 2018 

An analysis by the tax reform group Making Change at Walmart (MCAW) has found that the Walton family, the majority owners of Walmart, Inc., have netted an estimated $1.1 million every day for the past 16 years, totaling over $6.5 billion, in dividend ...

October 22, 2018 

Continued growth and a strong economy have small business optimism reaching post-recession highs, particularly among male business owners, according to Capital One's latest Small Business Growth Index, a biannual survey of 500 small business owners ...

October 22, 2018 

Intershop Commerce Suite, an enterprise e-commerce solution for modeling sales processes, helps companies grow and transform their digital business. Using this single platform, businesses can showcase their brands and market their products worldwide.

October 20, 2018 

TaxSlayer and the TaxSlayer Gator Bowl alongside Mayor Lenny Curry and TaxSlayer Gator Bowl Chairman Jamie Shelton announced plans for the 2018 TaxSlayer Gator Bowl New Year’s Eve Celebration. The event will be anchored by the TaxSlayer Gator Bowl game, feature a post-game concert by Platinum-selling recording artist Cole Swindell, and conclude with fireworks at...…

October 19, 2018 

Businesses for Responsible Tax Reform, a nationwide coalition of small business leaders opposed to the tax law, released videos of three business leaders airing their frustration with the law that bypasses the needs of small business owners in favor ...

October 19, 2018 

Wolters Kluwer Tax & Accounting today announced the launch of CCH Axcess Financial Prep, the end-to-end trial balance solution that eliminates the manual process of grouping accounts and creating tax reports. CCH Axcess Financial Prep represents another step forward in how Wolters Kluwer is helping professionals embrace technology to improve productivity and reduce tax return...…

October 19, 2018 

A flash poll conducted by Baker Tilly Virchow Krause, LLP (Baker Tilly) indicates nearly one-third of banking institutions’ audit committee charters require both a financial expert and information technology expert.

October 19, 2018 

As a result of this change, effective Jan. 1, 2018, the backup withholding tax rate dropped from 28 percent to 24 percent.