Latest Articles

December 20, 2017 

One business day after Congressional tax writers revealed the final version of the “Tax Cuts & Jobs Act”, the sweeping tax reform proposal that promises a seismic change in the tax landscape, Thomson Reuters Checkpoint published four feature articles ...

December 20, 2017 

The Internal Revenue Service is reminding federal tax return preparers that they must renew their Preparer Tax Identification Numbers (PTIN) that expire Dec. 31, 2017.

December 20, 2017 

BKR International has appointed Howard M. Rosen in a new role as Worldwide CEO, effective January 1, 2018. Rosen will assume the international responsibilities of BKR International Executive Director Maureen Schwartz, who will retire at the end of 2018. As Worldwide CEO, Rosen will oversee administrative leadership and communication between the Americas Region, based in...…

December 20, 2017 

Focusing on employment tax, refund fraud, international tax enforcement, tax-related identity theft, public corruption, cybercrime, terrorist financing and money laundering, CI initiated 3,019 cases in FY 2017. The number of cases initiated ...

December 20, 2017 

When enacted, the bill will be effective for the 2018 tax year and beyond. That means most taxpayers will not see the changes of the new law for about a year, when they file their 2018 taxes in April of 2019, although wage earners may see ...

December 20, 2017 

People who work a "regular" job, and have taxes withheld from their paychecks, will likely see a change in their federal income tax withholding. For a taxpayer who gets a $1,000 tax cut, this could mean an extra $38 or so per paycheck (if paid biweekly).

December 20, 2017 

2018 could be the year the Supreme Court of the United States reconsiders Quill Corp. v. North Dakota, 504 U.S. 298 (1992), the seminal ruling that prohibits states from taxing remote businesses without an in-state presence.

December 20, 2017 

Many accounting firms still struggle to expand their practice and sustainably increase profits. Last month, AccountantsWorld teamed up with business and marketing guru Jay Abraham to present an event that offered unique growth strategies and tools ...

December 19, 2017 

The bill initially hit a snag after the first vote, because the Senate Parliamentarian determined that three provisions in the bill may have violated Senate rules. The House is expected to revote on the bill on Wednesday morning. The Senate is ...

December 19, 2017 

It looks like Congress could pass the most significant tax reform in generations in the next few days. If the President signs the bill, it will become a law and it could be officially enacted before the end of the year.

December 19, 2017 

When you think about franchisees, do you imagine them working in and managing their business on a day-to-day basis? If so, you may only be thinking about a portion of the industry. In some case, they may own the franchise, but not actually work in ...

Becky Livingston

December 19, 2017 

Among the main changes are new tax brackets and the elimination of many itemized deductions. In general, the new tax rate structure means lower brackets for most filers, with the top rate dropping to 37% from 39.6%. The 10% bracket now extends to ...