Latest Articles

September 24, 2014 

Will it be a boom or a bust for retailers this holiday season? A new survey shows that steadily improving economic fundamentals should moderately boost holiday sales in the stores and online this year. “Income, wage and job growth are positive indicators heading into the holiday season,” said Daniel Bachman, Deloitte’s senior U.S. economist, referencing...…

September 24, 2014 

The American Institute of CPAs has submitted comments to the Internal Revenue Service (IRS) and Department of the Treasury relating to the issue of material participation by a trust or estate in a trade or business for purposes of section 469 of the Internal Revenue Code. The AICPA explained that section 469, which was enacted...…

September 24, 2014 

The IRS has decided it won’t appeal a recent court ruling handed down in favor of Ryan, a global tax preparation services firm, that invalidates and permanently enjoins the IRS from prohibiting such arrangements for refund claims and amended returns.

Ken Berry, JD

September 23, 2014 

Not properly mitigating risk when expanding to emerging markets, lacking an accurate understanding of the impact of natural capital and failing to create the proper ethical culture can all prove to be weak links in a company’s value chain.

September 23, 2014 

The “myRA” (“My Retirement Account”) is a new retirement savings account designed for employees who don't have access to an employer-sponsored 401(k) plan or who aren't eligible for their employer’s plan, but are looking for a simple, safe, and affordable

September 23, 2014 

The IRS has just announced new federal per diem travel rates for Fiscal Year 2015 (FY 2015), which spans October 1, 2014 through September 30, 2015. Unlike many other previous years, when per diem rates were typically bumped up just a dollar or two or not

Ken Berry, JD

September 23, 2014 

The saying that "money can't buy happiness" may not be right. In fact, with some research proving that money can buy at least some happines, up to a certain dollar amount, the personal finance social network WalletHub conducted an in-depth analysis of 201

September 23, 2014 

A Northwest Arkansas software company earlier this month received one of only 15 sales tax-related patents ever issued by the U.S. Patent and Trademark Office.

September 22, 2014 

Well, there were a few outliers, but the average effective tax rate for 2013 for this group of the largest and most established companies on the stock market was 29.5%, according to Wallet Hub. This average effective tax rate increased by 5.3 percent from

September 22, 2014 

Accounting and business management software maker Sage North America has reached an agreement to acquire privately-held PayChoice, a provider of payroll solutions for small and medium-sized businesses. Sage says the acquisition will help it create ...

September 21, 2014 

There’s nothing new about taxpayers mixing business with pleasure. For instance, a business executive might paint the town red after he or she signs a six-figure contract with a client or customer. Is the cost of entertaining the client or customer ...

Ken Berry, JD

September 21, 2014 

On September 18, the IRS released an advanced copy of Rev. Proc. 2014-54, which provides guidance on certain changes in method of accounting for dispositions of tangible depreciable property. One of the most notable changes in this 93-page document is tha