Advisory April 24, 2026
5 M&A Signals CPAs Should Be Watching for Their Clients in 2026
The choppiness of the M&A market is an opening, not an obstacle. Use it to build a stronger advisory foundation with the clients who need it most.
March 8, 2018
Treasury Pushes Harder on Carried Interest Limits
Prior to enactment of the new tax law, the Tax Cuts and Jobs Act (TCJA), managers of private equity funds could benefit from the usual capital gains rules for carried interest, the portion of a fund’s returns paid to managers. Unlike ordinary income ...
March 8, 2018
Workiva and Anaplan Announce Platform Integration
Workiva has integrated its Wdesk platform with Anaplan’s Connected Planning platform to offer a comprehensive solution for modernizing critical finance and accounting functions, including planning and analysis, management reporting, industry specific ...
March 8, 2018
National Society of Accountants Asks IRS for 6-Month Extension for S-Corp Elections
The requested extension, which extends the time from March 15 to September 15, will allow time for the IRS to issue appropriate guidance as well as time for tax preparers to analyze the guidance and provide sound advice to clients.
March 8, 2018
Is IRC §280E a Tax or a Penalty?
There was an interesting appeals case, that turned into a Writ of Certirori[1]. Green Solutions Retail, Inc. v. United States, started in US Tax Court. Green Solutions is a Colorado cannabis dispensary, that had its 2013, and 2014 tax returns audited ...
March 8, 2018
79% of Business Execs Optimistic on U.S. Economy
Seventy-nine percent of business executives said they were upbeat about prospects for the economy, eclipsing last quarter’s post-Great Recession high of 74 percent. As a point of reference, optimism levels were as low as 28 percent in early 2016.
March 8, 2018
Wages Grew for Most U.S. Workers in 2017
Inflation-adjusted wages rose for most workers in 2017, according to a new analysis by EPI Senior Economist Elise Gould. However, while many workers finally have hourly wages higher than before the Great Recession, large gaps by gender, race, and wage ...
March 7, 2018
AuditFile Connects to Canon Scanners
AuditFile, Inc. has announced an exclusive integration partnership with Canon USA, Inc., a leader in digital imaging. AuditFile’s award-winning, cloud-based audit automation platform now features easy, one-click upload of scanned documents from select ...
March 7, 2018
IRS Warns of Fake Email Scams: Phishing
The IRS warned taxpayers, businesses and tax professionals to be alert to fake emails or websites looking to steal personal information. These attempts can expand during tax season and remain a major identity theft threat.
March 7, 2018
Are We Too Hard on Millennials?
The largest living generation in the country has been accused of destroying the 9-to-5 workweek, marriage, vacations, homeownership, and department stores. Likewise, napkins, wine corks, soap bars, and diamonds have all reportedly fallen victim to ...
March 7, 2018
Less than Half of Corporate Tax Departments Cite Diversity as Important
In accounting firms, the perception of the impact of diversity and inclusion initiatives skews higher among those making hiring decisions. While 86 percent of hiring managers in accounting firms rate overall diversity efforts highly, only 46 percent of...
March 7, 2018
Automation Greatest Emerging Technology Trend Impacting Insurers
A flash poll conducted by Baker Tilly Virchow Krause, LLP (Baker Tilly) indicates automation/robotic process automation (RPA) is the greatest emerging technology trend to impact insurance organizations in the next three to five years.
March 7, 2018
IRS Increases Interest Rates for 2nd Quarter 2018
Internal Revenue Service interest rates will increase for the calendar quarter beginning April 1, 2018.