Accounting August 4, 2026
Nominations Open for Innovation Awards and 40 Under 40 Awards
Nominations are currently being accepted for CPA Practice Advisor's 40 Under 40, 20 Under 40, and Tax & Accounting Tech Innovation Awards.
May 31, 2018
Divorce: What Tax Reform Means for Alimony Deduction
Previously, divorced taxpayers were entitled to write of the full cost of qualified alimony payments above the line on a federal return. On the flip side, alimony recipients had to report the payments as taxable income. But child support payments, as ...D
May 31, 2018
Millennials Often Choose Health Over Wealth, But That’s Not Always the Best Idea
Every year, Americans tend to focus on health or finances as a priority, but which do they care about more? TD Bank, America's Most Convenient Bank®, decided to find out, and surveyed 1,091 consumers who have set a new goal in 2018.
May 31, 2018
Do Manners Matter at Work?
A little common courtesy goes a long way at the office. Senior managers surveyed recently by staffing firm Accountemps said the most common breaches of business etiquette committed by staff and coworkers include running late to or missing meetings ...
May 31, 2018
Father’s Day Spending to Reach $15.3 Billion
Father’s Day spending is expected to total a near-record $15.3 billion this year, according to a study released today by the National Retail Federation and Prosper Insights & Analytics. A total of 77 percent of Americans will celebrate Father’s Day ...
May 31, 2018
Is Cryptocurrency Subject to FBAR Requirements?
However, the IRS took a different route and deemed crypto property. Even if held in a foreign wallet, why should property be subject to the strict FBAR rules. It’s property, just like a house, car, TV, or anything else. It would be a slippery slope ...
May 30, 2018
Former Oracle VP Joins Avalara as CTO and Engineering EVP
Prior to MobileIron, Fields worked at Oracle where he was a Group Vice President responsible for building the Oracle Service Cloud, which powers thousands of customer service centers around the world and is used by hundreds of thousands of support agents.
May 30, 2018
How to Innovate Like Google
Last year at the DigitalCPA Conference I got a chance to tour Google's Headquarters in Silicon Valley. I was with a group of leading partners in major firms including my great friend, Joey Havens. We were treated to a discussion with Google's Chief ...
May 30, 2018
Estate Planning Under the New Tax Reform Guidelines
With the estate tax that has risen to $11.2 million, and if married and you elect portability the exemption doubles to $22.4 million. You might be asking yourself, why do you need to know about estate planning? Very simply, gift tax still exists, as well
May 29, 2018
5 Ways Recent Grads Can Ease Job-Seeking Jitters
According to a recent survey conducted by GoDaddy, one in four college-graduating seniors said they felt unprepared to enter the job market, so rest assured, you’re not alone. And though your post-grad fears may be strong there are ways to overcome ...
May 29, 2018
Top 10 Accounting Firm IT Survey Surprises
The upcoming conference season and lull before the extension season provides a great opportunity for firms to evaluate the current status of their production processes and target areas for improvement. The above highlighted findings of the ...
May 28, 2018
The IRS Has a 5-Year Plan to Help Taxpayers
The Fiscal Year 2018-2022 IRS Strategic Plan will serve as a roadmap to help guide the agency’s programs and operations. The plan will also help meet the changing needs of taxpayers and members of the tax community.
May 28, 2018
The Passive Activity Rules
The rules on how to determine a passive activity are pretty straight forward. In a nutshell, a taxpayer that spends less than 750 hours in an activity has passive income or loss. That works out to approximately 15 hours a week. In my aforementioned ...