Article

August 27, 2020 

The bottom line is that accelerating QIP depreciation to create an NOL may or may not be beneficial. In light of post-COVID-19 taxation rules and regulation changes, forecasting, modeling, and tax planning is more important than ...

August 25, 2020 

Transaction tax changes are on pace to reach the second highest total in the past 11 years. 150 city sales tax rate adjustments have occurred to date this year—with all but 10 being rate hikes—and those numbers aren’t likely to slow down.

Technology August 18, 2020 

In the future, we will move beyond simple data integrations between applications toward workflow automation tools and with data from many different mainstream systems consolidated in a business intelligence tool. My research shows that most mid-sized ...

Brian Tankersley

August 17, 2020 

The tax document automation products reviewed in this issue vary, with some better suited to larger firms, while others work better for smaller firms processing fewer returns.

Mary Girsch-Bock

August 14, 2020 

Taxpayers with Transition Tax or TCJA audit adjustments should know that the completion of the federal audit could trigger reporting requirements and additional examination at the state level. The multi-state reporting of the resulting ...

August 14, 2020 

If you or your clients have fixed assets, they’ll need to properly managed. Since fixed assets are anything of value that is estimated to last for more than one year, they can include items such as laptop computers, printers, machinery, heavy equipment, tools, vehicles, and even real estate. You may have a single fixed asset...…

Mary Girsch-Bock

August 14, 2020 

Having a wage garnishment order issued is frightening. Trying to navigate through the process alone can be intimidating to the point where the taxpayer just gives up and accepts their fate.

Arnold van Dyk

August 7, 2020 

If you've attended an accounting conference in person, you know that there is much more to a conference than sitting in a seat, listening to speakers, and logging your CPE hours. Accounting conference events are about networking, meeting peers, sharing...

Gail Perry

August 13, 2020 

When businesses are connected to a tax and accounting professional, they are more financially stable, more creditworthy, and twice as likely to succeed than businesses that attempt to navigate the waters on their own.

Jim Buffington

August 13, 2020 

As a general rule, if you have clients who are U.S. citizens or resident aliens, and they live abroad, they are taxed on their worldwide income. However, they may qualify to exclude from income up to $105,900 for tax year 2019 ($107,600 for tax year 2020)

Mike D'Avolio

August 12, 2020 

Schools across the country are requiring students to learn from home. And while the schools are providing educational material to correlate with material that would have been taught in classrooms, there is a disparity in the teaching methods and the ...

August 12, 2020 

For services provided on or after Jan. 1, 2020, and for plan years beginning on or before Dec. 31, 2021, high-deductible healthcare plans (HDHPs) with HSAs provide coverage for telehealth or other remote care services without a deductible or having to ...

Mike D'Avolio