Taxes June 26, 2026
California Gov. Gavin Newsom said Friday he would back a national billionaire tax, arguing that a federal push to ensure the wealthiest Americans pay their fair share would be more effective than a state effort set to appear on the Nov. 3 ballot.
December 17, 2018
Qualifying vehicles by the manufacturer are eligible for a $7,500 credit if acquired before Jan. 1, 2019. Beginning Jan. 1, 2019, the credit will be $3,750 for Tesla’s eligible vehicles. On July 1, 2019, the credit will be reduced to $1,875 for the ...
December 17, 2018
The new rules assist taxpayers in determining the amount of parking expenses that are no longer tax deductible. They also help tax-exempt organizations determine how these nondeductible parking expenses create or increase unrelated business taxable ...
December 17, 2018 Sponsored
Over the past year, Intuit has actively sought feedback from ProAdvisors via one-on-one interviews, surveys, focus groups and in-person events to learn how the program can help them face the challenges of today’s ever-changing global accounting landscape.
December 17, 2018
The increasing rate of technological evolution and of software vendors attempting to integrate with that evolution continues to happen at a fever pitch. With that in mind we offer our predictions as to those items that we believe will have the highest ...
December 17, 2018
Frequently, the biggest losses for taxpayers are associate with real estate they own, such as a house or other property built on land they own. The IRS advises taxpayers to take these steps concerning real restate losses.
December 17, 2018
Why Most Firms Don’t Make It to the Second Generation By Marc Rosenberg, CPA The short answer is that CPA firms stink at succession planning. Firms’ entire operations are geared to maximizing short-term profits, focusing on today at the expense of tomorrow. Evidence of this is the following: A 60 year-old sole practitioner wants to...…
December 17, 2018
No More Deductions for Work Expenses & Mileage By Ken Berry, J.D., CPA Practice Advisor Tax Correspondent Notably, the new Tax Cuts and Jobs Act (TCJA) scales back deductions for certain itemized deductions, including state and local tax (SALT) payments and mortgage interest. But another lesser-noticed crackdown may be just as significant. Effective for 2018...…
December 17, 2018
Top 5 Skills Modern Accountants Need in 2019 Kurt Avarell, Founder & CEO, Canopy To achieve success, accountants must understand the importance of investing in themselves. This means building up their skills beyond crunching numbers and preparing tax returns. It’s important for modern accountants to improve valuable skills and build on their strengths in areas...…
December 17, 2018
How Businesses Can Combine Data and Systems Into a Winning Strategy By Greta Guest Most managers want to base their business decisions on solid information, but that’s not always easy. It can be challenging to figure out exactly what data you should compile and how you can best use it. Michigan Ross Professors Gwen Yu...…
December 17, 2018
Boomer Consulting, Inc. has announced important leadership changes. Arianna Campbell, Lean Six Sigma Black Belt, has been named Director and will lead Boomer Consulting’s Lean Six Sigma process improvement practice.
December 14, 2018
Drake DocumentsDrake Softwarewww.drakesoftware.com From the 2018 reviews of Document Management and Documents Storage Systems for accounting firms. Drake Documents, part of Drake Tax is best suited for small to mid-sized accounting firms that use Drake Tax or plan to do so in the future. Part of Drake Software’s suite of applications, Drake Documents is not sold...…
December 14, 2018
PSIsafePsigenwww.psigen.com From the 2018 reviews of Document Management and Documents Storage Systems for accounting firms. After acquiring both Cabinet SAFE and Cabinet SAFE Cloud in early 2017, Psigen totally rebranded the products, introducing PSIsafe in early 2017. PSIsafe offers excellent document management capability and is best suited for mid-sized to large accounting firms, as well as...…