Latest Articles

 Senate Passes Republican Tax Reform Plan 51-49

December 2, 2017 

Senate Passes Republican Tax Reform Plan 51-49

The property tax deduction will be capped at $10,000, as proposed in the House bill, making reconciliation between the chambers potentially easier, especially because the provision was important to House Republicans from New York, California and other ...

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November 30, 2017 

Tax Court Shoots Down Donations by Big Game Hunter

Generally, you can deduct the initial cost of property donated to a qualified charitable organization However, if the property would have produced a long-term capital gain had it been sold instead of donated – in other words, it was held for more than ...

 Things Your Tax Preparer Won’t Tell You

November 30, 2017 

Things Your Tax Preparer Won’t Tell You

Although there are close to 1 million accountants nationwide, only about 40 percent of them have credentials and have to meet continuing education requirements, such as a CPA (Certified Public Accountant), EA (Enrolled Agent) or attorney.

Mike D'Avolio

Firm Automation

November 30, 2017 

Accounting Pros Optimistic on Automation of Profession

More than nine in ten finance and accounting professionals (92%) are optimistic about increased automation in the profession, according to new research from Renaix, the international recruitment consultancy for finance and accounting.

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November 29, 2017 

Utah, Maryland, Minnesota Top List of Most Charitable States

To determine where the most generous Americans are inspiring others to be more selfless, WalletHub compared the 50 states based on 14 key indicators of charitable behavior. The data set ranges from volunteer rate to share of income donated to ...

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November 28, 2017 

TaxAct Partners with Taxaroo for Practice Management

Taxaroo’s customizable features will be available to tax professionals to complement TaxAct’s suite of TaxAct Professional products, which provide scalable software and e-filing options for tax practices of all sizes.