Latest Articles

Tipping

June 8, 2022 

People are Tipping Less Since Covid

The number of U.S. adults who say they always tip for services (servers at a sit-down restaurant, hairstylists/barbers, food delivery people, taxi/rideshare drivers, hotel housekeepers, coffee shop baristas and when picking up takeout food) has ...

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June 7, 2022 

Cost Segregation: Ideal for Multifamily Properties

In a cost segregation analysis, your client’s property elements are divided into two categories: real property, which includes permanent and immobile objects, like their building’s foundation, and personal property, which includes objects like kitchen ...

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June 7, 2022 

How to Benefit From the Portability Provision for Estate Taxes

The estate tax exemption is scheduled to revert to $5 million in 2026, with inflation indexing. Fortunately for married couples, the exemption is “portable” by law. In other words, the estate of the second spouse to die can benefit from any unused ...

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June 6, 2022 

AICPA Releases New Quality Management Standards

The American Institute of CPAs’ Auditing Standards Board and Accounting and Review Services Committee have collectively released four new quality management standards designed to improve a CPA firm's risk assessment and audit quality.

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June 3, 2022 

April Retail Sales Grew Despite Inflation

Consumers accustomed to inflation continued to spend in April as retail sales overcame higher prices to show both monthly and year-over-year increases, according to the National Retail Federation.

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June 3, 2022 

Beware the Generation-Skipping Transfer Tax

Due to recent tax law changes, your family may be able to avoid adverse federal estate tax consequences when you leave assets to your adult children. For instance, the unified estate and gift tax exemption was increased from ...

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June 2, 2022 

New Hiring in U.S. Slows, Despite Near-Record Job Openings

Businesses’ payrolls increased by 128,000 last month, held back by a decline in small business employment, according to ADP Research Institute data released Thursday. That followed a downwardly revised 202,000 gain in April, and trailed all ...