Latest Articles

irs building_10858577

July 26, 2019 

Basis Rules of Joint Tenancy

As tax professionals, we are always seeking ways to add value (and maybe even a little more revenue) to our practices. Few taxpayers realize the importance of making an informed decision on how to title their real property.

Dave DuVal

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July 25, 2019 

Finding and Hiring Quality Staff a Top Challenge in 2019

For the first time in this survey’s three-year history, attracting talent surpassed regulatory compliance as the top HR concern. More than two-thirds of HR leaders say it’s difficult to find and hire quality candidates, up from 59 percent last year.

 IRS Issues New Safe-Harbor Rule for Real Estate

July 25, 2019 

IRS Issues New Safe-Harbor Rule for Real Estate

The IRS defines a triple net lease as a lease agreement where the tenant or lessee is required to pay taxes, fees and insurance and is responsible for maintenance activities for a property in addition to rent and utilities.

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July 24, 2019 

3 Steps to Understanding Lease Materiality

The issue of materiality in the new lease accounting standard can be challenging, but LeaseCrunch, the only lease accounting software made by former CPA firm auditors for CPA firm auditors, says there are three key steps to understanding the issue. “Now that operating leases must be captured on financial statements under the new lease standard,...…

money 7_1_.5a57a24dc64bb

July 24, 2019 

Wages Increased 4 Percent in Q2 Says ADP Report

Job switchers in the information industry continued to lead the way with a wage level of $41.08 and growth of 9.7 percent. Job switchers in professional and business services and construction also realized high wage growth of 8.3 and 8.7 percent, ...