Latest Articles

August 15, 2016 

This is the 12th consecutive year Wolters Kluwer Tax and Accounting has been chosen by the IRS to help millions across the country prepare their tax returns, and the first time it has been awarded a five-year contract.

August 12, 2016 

Internet access and connection speed have long been a challenge for vacationers who set out to sea, but one of the world's largest cruise lines is making it much easier, and faster, to surf online while on an ocean cruise.

August 11, 2016 

In an industry on the road to recovery from the recession, innovation is essential for attracting the next generation. New boaters seek simplicity when it comes to becoming certified, booking a boat, and reserving a slip. That innovation has arrived ...

August 10, 2016 

The move to the cloud affords an elevated level of service for the firm’s clients, who can now access real-time financial data anywhere at any time, have every document they need on-demand and hold one-on-one conversations with bookkeepers with ...

August 10, 2016 

If taxpayers have an expired ITIN and don’t renew before filing a tax return next year, they could face a refund delay and may be ineligible for certain tax credits, such as the Child Tax Credit and the American Opportunity Tax Credit, until the ITIN is r

August 10, 2016 

Sageworks has released a new three-part podcast series for accountants on iTunes. The podcast series, “Next-Level Accountants: Your guide to growing a firm of trusted advisors,” features interviews with industry experts Ronald J. Baker, Doug Sleeter, ...

August 10, 2016 

One of the biggest and best fringe benefits often isn’t technically thought of as a “fringe benefit.” It’s the matching contributions made to a 401(k) plan account by an employer on behalf of participating employees. Witt this add-on, an employee’s ...

August 10, 2016 

With economic growth and corporate profitability going hand in hand, many corporate tax departments are starting to look for ways to preserve cash flow and reduce tax liabilities. One key strategy is to take advantage of net operating losses (NOLs). But, because state NOL rules are complex and vary from state to state, managing state...…

August 10, 2016 

The AICPA has announced the winners of the Notable Contributions to Accounting Literature Award, presented at the American Accounting Association Annual Meeting. The AICPA-sponsored honor was presented to a team of highly-regarded accounting academic ...

August 10, 2016 

Suppose that your personal residence is substantially damaged and will cost you tens of thousands of dollars to fix. Is the repair cost deductible on your tax return as a casualty loss? It doesn’t always seem fair, but it depends on whether the ...

August 10, 2016 

The latest topic added to Thomson Reuters Checkpoint Catalyst is Passive Foreign Investment Companies (PFICs), which covers the taxation of U.S. shareholders of passive foreign investment companies. The new coverage helps advisors determine whether ...

August 10, 2016 

The American Institute of CPAs (AICPA) and Chartered Institute of Management Accountants (CIMA) have expanded their professional learning and development website to support all major practice areas in management accounting and public accounting with ...