Latest Articles

September 15, 2020 

Revenue Proc. 2020-23 allows eligible BBA partnerships the option to file such amended returns before September 30, 2020. Final and proposed regulations under section 163(j) were released on July 28, 2020, and proposed regulations under ...

September 15, 2020 

The American Institute of CPAs (AICPA) has issued recommendations to the Department of the Treasury and the Internal Revenue Service (IRS) to address the need for guidance on new section 512(a)(6) of the Tax Cuts and Jobs Act (TCJA) regarding unrelated bu

September 15, 2020 

Bloomberg Tax & Accounting has released its 2021 Projected U.S. Tax Rates report. Based on changes in the chained Consumer Price Index (chained CPI) released today by the U.S. Bureau of Labor Statistics, Bloomberg Tax & Accounting's annual report is ...

September 15, 2020 

​Xero has released two new reports highlighting the economic and emotional impact of the pandemic on small businesses across multiple countries.

September 15, 2020 

If the current pandemic has taught us anything, it is to save while we can. It’s extremely important to continuously monitor, plan, and educate yourself on the type of investments you hold, and keep a proactive mindset while fostering the drive to ...

September 15, 2020 

Rather than constantly trying to sell new clients on your services, having your clients become your biggest advocates is the key to finding and attracting high net worth clientele. To get to this point, you must create an excellent experience for your ...

September 15, 2020 

Deloitte has reported aggregate global revenue of $47.6 billion (U.S.) for the fiscal year ending 31 May 2020 (FY2020), a 5.5 percent increase in local currency* and 3.9 percent increase in US dollars. In the first nine months of FY2020, prior to the ...

September 15, 2020 

The William (Bill) Ezzell Scholarship program provides a one-time award of $10,000 to five outstanding accounting Ph.D. candidates who demonstrate significant potential to become mentors for the next generation of CPAs.

September 15, 2020 

This has created a patchwork of diverse and at times complex reporting requirements for nonprofits of all sizes. In particular, statutory thresholds for audited and reviewed financial statements not only vary greatly by state, but also can cause unanticip

September 15, 2020 

Wolters Kluwer Tax & Accounting has entered into an agreement to acquire XCM Solutions, a cloud-based workflow solutions provider for professional tax and accounting firms. The acquisition offers integration opportunities with CCH Axcess, the...

September 15, 2020 

Monit, a mobile financial platform designed for small business owners, launched on September 15 with a demo at Finovate Fall 2020. Monit keeps business owners on top of their key financial numbers and forecasts cash flow using ...

September 15, 2020 

Bloomberg Tax & Accounting has projected 2021 income ranges for each tax rate bracket. Income ranges for the tax brackets for married taxpayers filing jointly and for single taxpayers are shown below. Rate brackets for other filing statuses are ...