Latest Articles

2018 new 1040 postcard form

July 3, 2018 

The New Postcard Size IRS Form 1040 for 2019

The Internal Revenue Service has released a prototype of the new Form 1040 that hundreds of millions of Americans use to file their annual taxes. The new "postcard sized" form will be used for the 2018 income tax year, which most Americans will file ...

retirement

July 3, 2018 

4 Tips to Reduce Risk in Retirement Plans

Many people are worried about their retirement from a money perspective. According to a survey by Transamerica, most workers think the financial challenges they'll face in retirement will be harder to overcome than those that prior generations faced.

US Supreme Court SCOTUS 2018

July 3, 2018 

Deep Dive Analysis of the Supreme Court’s Sales Tax Ruling

The Court explicitly rejected the requirement that a remote seller must have a physical presence in a state before that state or its localities could require sales tax collection. A majority of the Court swept aside the rules that guided this area of ...

Withum ATA Logo 1  5908777fd216f

July 3, 2018 

Withum Names Three New Partners

The large national accounting firm WithumSmith+Brown has announced the promotion of three senior managers to the position of partner. Ryan Babiak, Joseph Cassano and Shawn P. Gillon are the newest partners to join the firm’s growing corporate leadership team, effective July 1, 2018. New partner bios can be viewed here. “Ryan, Joe and Shawn represent...…

 3 Surprises To Watch Out For When Paying For Long-Term Care

June 29, 2018 

3 Surprises To Watch Out For When Paying For Long-Term Care

More than 70 percent of Americans over the age of 65 will need long-term health care services, according to the U.S. Department of Health and Human Services. Yet, according to the Employee Benefit Research Institute, only 13 percent of those who ...

 Game of Loans: Managing Debt for Young CPAs

June 29, 2018 

Game of Loans: Managing Debt for Young CPAs

The latest numbers on student debt in the U.S. are not pretty. 70 percent of 2017 college graduates left school with loan debt1 $39,400 average total student loan debt amount1 $351 average monthly student loan payment1 What’s more, studies show 73 percent of millennials are in debt… 68 percent report debt has negatively impacted their...…

 How to Prepare Your Clients for an IRS Tax Audit

June 29, 2018 

How to Prepare Your Clients for an IRS Tax Audit

Each year about 1 in 160 individual taxpayers are audited; although, the chance of an audit goes up as income increases. About 1 in 50 tax returns reporting gross income above $500,000 are audited, and for returns reporting more than $5 million in ...

UNLV Students 2018 5b396fafca53b

June 28, 2018 

UNLV Business Students Win Accounting Competition

The Student Case Competition gives students an opportunity to analyze a relevant case study and develop a solution. Teams submit videos to present their case analysis and from there the finalists present to an audience at the IMA’s Annual Conference ...