Latest Articles

June 25, 2020 

A majority of taxpayers (61%) are deeply concerned that the financial impacts of COVID-19 may force them into tax debt, adding to the $131 billion already owed to the IRS by 14 million Americans.

Isaac M. O'Bannon

June 25, 2020 

Lawmakers in Louisiana have made it easier for the Louisiana Department of Revenue to provide tax relief in the wake of a gubernatorial or presidential declaration of disaster or emergency.

Gail Cole

June 25, 2020 

Technology and evolving standards are transforming the way audits are being conducted. The AICPA has been a leader in this area, particularly in its work to define and develop the audit of the future through projects such ...

June 24, 2020 

To alleviate financial stress resulting from the COVID-19 pandemic, the CARES Act suspended the rules for RMDs in 2020, including accounts of non-spouse beneficiaries. Therefore, if you had not arranged to take an RMD this year, you can just let the ...

June 24, 2020 

With many people staying home amid COVID-19, the gaming industry has seen increased engagement and revenue as people seek social interaction and entertainment. Gaming businesses looking to rapidly scale to meet this demand ...

June 24, 2020 

What is this technology and how has it changed the accounting professional’s role? The advancement of computing and the internet have allowed accountants to be more efficient at their roles of preparing budgets and taxes, calculating projections with ...

June 24, 2020 

The excess business loss is defined as the aggregate deductions for the taxable year attributable to trades or businesses of a taxpayer over the aggregate gross income or gain for the taxable year, plus $250,000 ($500,000 for a ...

June 24, 2020 

Successful CPA firms place a premium on security and ongoing contact with clients. The remote practices, initially thought to be somewhat temporary, will most likely be permanent and will require ongoing education of employees and ...

June 24, 2020 

The Internal Revenue Service has issued final regulations permitting a regulated investment company (RIC) that receives qualified real estate investment trust (REIT) dividends to report dividends the RIC pays to its shareholders as section 199A dividends.

June 24, 2020 

A controversial law since its initial passing, tension has only increased as this permanent implementation date draws near. The loss of this revenue source isn’t welcomed by state revenue agencies, particularly as ...

June 24, 2020 

The midyear update to Avalara's annual sales tax changes report takes stock of what’s transpired in the world of sales tax since the start of the year. It also introduces emerging trends.

Gail Cole

June 24, 2020 

For their clients who own small businesses, CPA financial planners helped make sense of the provisions in the newly passed Coronavirus Aid, Relief and Economic Security (CARES) Act.