Latest Articles

January 16, 2017 

The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that clarifies the definition of a business. The ASU affects all companies and other reporting organizations that must determine whether they have ...

January 15, 2017 

With the global Gen Z population set to reach 2.6 billion by 2020, retailers need to create more interactive engagement around their brands to serve the “always on,” mobile-focused, high-spending demographic, according to the study.

January 13, 2017 

Tax filers may see messages about saving with myRA as they complete their tax filing with these tax preparation services in the upcoming tax filing season. myRA is a simple, safe, and affordable retirement savings account designed especially for ...

January 13, 2017 

Taxpayers can get a jump now on preparing their returns, and the companies will hold the returns until Jan. 23 when the filing season officially begins. Taxpayers also should remember that, by law, the IRS must hold refunds claiming the Earned Income ...

January 13, 2017 

January 13, 2017 

President-elect Donald Trump announced his choice for Labor chief, and while the nominee’s name may be relatively unknown, a look at his ideology reveals that his nomination is not much of a surprise. Indeed, throughout his campaign Trump has derided President Obama’s regulatory action, and during a recent stop in Des Moines, Iowa, Trump promised...…

Richard D. Alaniz, JD

January 12, 2017 

Thomson Reuters has released a special report, Sales to Intentionally Defective Irrevocable Trusts, which discusses the sale to an intentionally defective irrevocable trust (IDIT) in exchange for its promissory note. The report establishes that the ...

January 12, 2017 

Traditional accounting practices relying on non-integrated accounting systems, beware. Today’s competitive financial services world demands actionable insights that improve efficiency and drive revenue. You may find yourself overtaken by accounting ...

January 12, 2017 

When searching for tax and accounting help, it can be hard to determine who is a superstar and who is nonresponsive. The TaxBuzz Top 50 recognizes the best-reviewed and highest-rated CPAs, EAs and tax professionals of 2016.

January 11, 2017 

Gift cards have become not only an acceptable substitute for more traditional gift options, but are increasingly expected and eagerly used, especially among "older" Millennial adults, according to market research firm Packaged Facts in the report ...

January 11, 2017 

With the inauguration only a week away, many voters are wondering what Trump's presidency means for taxes, and whether he will follow through with his pre-election tax proposals.

January 11, 2017 

The new phishing scheme is targeting accounting and tax preparation firms nationwide, with the cyber criminals trying to collect sensitive information that will allow fraudsters to prepare fraudulent tax returns.