Latest Articles

July 13, 2020 

Having the best options for your clients when tax time comes around is part of being a professional CPA. All clients want to decrease tax burden and increase deductions to maximize after-tax income for the year. There are many options available to help in that pursuit, but some are more well-known than others. Charitable donations...…

July 10, 2020 

CAAS stands for Client Accounting and Advisory Services. It may be too late for the profession to choose to use this far better name. One of the regrets that I have from the last 35+ years of trying to help CPA firms ...

Randy Johnston

July 9, 2020 

July has always been my favorite month. When July begins, there’s still an endless sea of summer ahead, the days are long, the fireflies twinkle in the evening, and the air is warm.

Gail Perry

July 9, 2020 

AICPA News is a roundup of recent announcements from the association.

Isaac M. O'Bannon

July 9, 2020 

These final regulations provide guidance on both the computation of the deductions available and the determination of FDII.

July 9, 2020 

Lozano is the Partner in Charge of Whitley Penn’s Dallas office, Director of the Firm’s Audit department, a member of the Firm’s Executive Committee and Compensation Committee. He is active in both the internal and external growth strategy of the firm.

July 9, 2020 

Tax-exempt organizations that certain forms they file with the IRS are due on July 15, 2020. For organizations that operate on a calendar-year basis, this includes the 2019 Form 990 they would have normally filed on May 15.

July 9, 2020 

Business valuations are forward-looking and there are multiple approaches to them. An income approach to valuation applies an opportunity cost of capital to an expected future benefit stream, such as cash flows or net income, while a market approach ...

July 9, 2020 

The biggest mistake an investor can make is an impulsive one, which all too often can lead to regret. We strongly encourage clients to take time to think about the news before acting on their impulses.

July 9, 2020 

Taxpayers who make IRA contributions to traditional Individual Retirement Arrangements (IRAs) made by this year's postponed tax return due date of July 15, 2020, can claim those contributions as deductions on their 2019 tax return.

July 9, 2020 

The U.S. Supreme Court has ruled that President Donald Trump is not automatically immune from investigations into his income tax returns but stopped short of requiring the release of his tax returns.

July 9, 2020 

As the IRS continues to reopen its operations across the country, taxpayers who were in payment agreements and skipped any payments from March 25 and July 15 should start paying again to avoid penalties and possible default on their agreements.