Latest Articles

 The Tax Blotter: November 2020

November 18, 2020 

The Tax Blotter: November 2020

The tax law allows you to deduct the amount of your gambling losses within certain limits. But these deductions are often contested in the courts. Salvage gambling loss deduction. If you incur losses from gambling activities during the year, you can deduct those losses up to the amount of your winnings. Although the Tax Cuts...…

 IRS Advisory Council issues 2020 Annual Report

November 18, 2020 

IRS Advisory Council issues 2020 Annual Report

The IRSAC is a federal advisory committee that provides an organized public forum for discussion of relevant tax administration issues between IRS officials and representatives of the public.

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November 18, 2020 

Bonadio Group Adds Strategic Advisory Practice

Bonadio Strategic Advisory can help business leaders streamline operations, cut unnecessary expenditures and enhance profitability. By implementing an efficient remote environment, addressing supply chain disruption, examining customer-by-customer ...

 Former AICPA Chair Joins Board of FAF

November 18, 2020 

Former AICPA Chair Joins Board of FAF

Former American Institute of CPAs chair and current CPA.com board member Tim Christen has been appointed to the board of trustees of the prestigious Financial Accounting Foundation.

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November 17, 2020 

Accounting and Digital Transformation in 2021

The pandemic has created a new normal that is forcing companies to change rapidly. Twilio recently surveyed over 2,500 enterprise decision makers about digital transformation and the results were undeniable; 97% of decision makers said the...

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November 17, 2020 

Accounting Firm Citrin Cooperman Expands in SoCal and D.C.

Citrin Cooperman is continuing to grow both our Southern California and DC Metro locations, expanding our footprint on both coasts with the addition of several new partners and professionals. In California, Pradeep Budhiraja has been admitted as an assurance quality control partner in Citrin Cooperman’s Encino office. Joining Budhiraja will be Amit Jain, a new...…

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November 17, 2020 

Business Spending Report Shows Fraud, Waste and Misuse Increasing

From big-screen TVs to soundbars, employees often bend the rules on equipment purchases, payment and procurement methods as they work from home. Expenses submitted as office supplies and meals/restaurants accounted for more than 25% of spend violations.