Latest Articles

November 3, 2021 

These proposals target perceived and actual abuses in an effort to close the tax gap, however they do not conform to the AICPA’s principles of good tax policy objective framework and misconstrue the history regarding Subchapter K dating back to the ...

November 3, 2021 

Part of Shopify Markets, the new duty and import tax feature natively uses Avalara technology and content to generate landed cost pricing to determine duty and import tax requirements for more than 180 countries. Avalara also announced the expansion ...

November 3, 2021 

Under this provision, individual tax filers, including married individuals filing separate returns, can claim a deduction of up to $300 for cash contributions made to qualifying charities during 2021. The maximum deduction is increased to $600 for ...

Isaac M. O'Bannon

November 3, 2021 

The FAQs contain sample worksheets that certain passthrough entities and taxpayers may be required to use in reporting “carried interests,” partnership interests held in connection with the performance of services for tax returns, filed after Dec. 31...

Isaac M. O'Bannon

November 3, 2021 

From the November 2021 Issue. Technology changes constantly. We must make decisions about what works for our clients, our firms, and ourselves. Additionally, we must make the effort and take the time to update our skills on products we use regularly and on solutions that we should consider for our practices. This education is beyond...…

Randy Johnston

November 3, 2021 

Employers have rarely, if ever, been confronted with challenges as difficult or unique as they have faced over the past 18 months. The Coronavirus pandemic has been one of those once-in-a-lifetime events that no one, especially employers, ever wants to...

Richard D. Alaniz, JD

November 2, 2021 

Michael Kidd, CPA – 2021 40 Under 40 Honoree PartnerMowery & Schoenfeld LLCwww.msllc.com Career highlights:  My career has taken many twists and turns in the past few years, however, some career highlights are: My career highlights have focused around growing our Firm and starting a successful Transaction Advisory Practice. When I started with Mowery &...…

November 2, 2021 

The need to make better business decisions based on organization-wide data is a growing pain point for businesses today. Poor decisions are expensive, with the potential to cost companies 3% of profits. Anders quickly recognized that data driven ...

November 2, 2021 

AICPA News is a round-up of recent announcements from the AICPA.

Mary Girsch-Bock

November 2, 2021 

The National Association of Tax Professionals (NATP) and Drake Software are hosting “Taxes Today,” a virtual roundtable discussion that is free and open to tax professionals of all levels of experience. The first discussion will focus heavily on the ...

Isaac M. O'Bannon

November 2, 2021 

The Audit Fee Study looks at various factors affecting financial reporting and the external audit. This includes public company preparer opportunities to reduce audit effort, COVID-19’s impact, value derived from external audits, auditor insights, and ...

Isaac M. O'Bannon

November 2, 2021 

In new research from Beanworks on the State of Accounts Payable, we found that a whopping 61% of finance professionals said their department has encountered employee expense abuse. Today, employers are faced with the challenge of providing a ...