Latest Articles

October 3, 2016 

Farmers and ranchers who previously were forced to sell livestock due to drought, like the drought currently affecting much of the nation, have an extended period of time in which to replace the livestock and defer tax on any gains from the forced ...

October 3, 2016 

Within the accounting industry, clients have come to expect on-demand access to their financial documents, and an online portal environments, ensure these needs are met in a simple and secure format. The benefits of portal environments also extend to ...

Nathan Mote

September 30, 2016 

The IRS is giving a boost to business travelers. In new Notice 2016-58, issued September 27, 2016, it has updated the “per diem” rates for Fiscal Year 2017 (FY2017), officially beginning on October 1, 2016. The rate for “high-cost areas” is up $7, a ...

September 29, 2016 

The case involved a shoe department employee who claimed to have hurt her neck and back while lifting shoeboxes. Dillard's initially paid her medical bills under its alternative plan, but then began arguing that a preexisting condition was to blame .

September 29, 2016 

In general, the American Opportunity Tax Credit or Lifetime Learning Credit is available to taxpayers who pay qualifying expenses for an eligible student. Eligible students include the taxpayer, spouse and dependents. The American Opportunity Tax ...

September 29, 2016 

Jared Rhine, CPA, MBA Senior Accountant Paul L. Rhine CPA, LLCToms River, NJwww.facebook.com/tomsrivertax   Q&A: Aside from the accounting websites, which blog/website do you consider a must-read?    I keep up to date on current economic events on Jim Cramer’s TheStreet.com. A great   free news sight that covers it all. In what ways have you...…

September 29, 2016 

When most firm leaders think about succession planning, it typically involves grooming a successor who has put in years of hard work and knows the staff, clients, and firm practice overall inside and out. But, if your firm does not have a well-groomed ...

September 29, 2016 

The Internal Revenue Service will again be outsourcing some of its collections of federal tax debts next spring, and has selected four contractors to implement the new program.

September 29, 2016 

Investors display healthy levels of confidence in public company auditors (81 percent), independent audit committees (77 percent), audited financial statements (75 percent), and financial advisors (75 percent).

September 28, 2016 

Do you have clients who drive for Uber or offer accommodations through Airbnb? They are part of the new “sharing economy.” Technology featuring online platforms and cellphone apps has modernized the age-old concept of sharing goods and services. So some of your clients may drive customers around town or perform household chores for them or...…

September 27, 2016 

Professional stereotypes about the accounting industry are alive and kicking, with a new global survey from Xero revealing that the average member of the public most commonly associates accountants and bookkeepers as suit-wearing “number crunchers” or “bean counters.” At the same time, the survey revealed that accountants and bookkeepers are likely to be seen as...…

September 27, 2016 

The development of a common set of criteria will pave the way for the introduction of a new engagement that CPAs can use to assist boards of directors, senior management, and other pertinent stakeholders as they evaluate the effectiveness of an ...