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January 16, 2018 

Vertex Cloud Indirect Tax Announces SOC 2 Type 2 Completion

Vertex Cloud’s SOC 2 report validates the security of hosted solutions and helps satisfy customer requirements. This includes obtaining assurance over third-parties who host their data and the effectiveness of the solution’s compliance or operations ...

 New Online Tax Site Has CPAs Doing the Work

January 16, 2018 

New Online Tax Site Has CPAs Doing the Work

With tax season rapidly approaching, a new kind of online tax website has been launched. Instead of the do-it-yourself (and take your chances) approach of most consumer tax websites, the new www.Henry.tax website has CPAs that prepare the actual ...

 More Staff Soon for IRS, Predicts Treasury Secretary Mnuchin

January 16, 2018 

More Staff Soon for IRS, Predicts Treasury Secretary Mnuchin

Treasury Secretary Steven Mnuchin predicted on January 12 that the IRS will hire more employees to implement in the Tax Cuts and Jobs Act (P.L. 115-97). “Our number one issue is implementing the new tax law,” Mnuchin said. Also, the Treasury ...

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January 16, 2018 

Affluent Americans Shopping More at Discount Retailers

42 percent of affluent shoppers now frequently shop at discount retailers versus only 27 percent at full price retailers, with 36 percent saying their discount shopping has increased. Twenty-one percent of affluent respondents also reported they were ...

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January 16, 2018 

Accounting Automation in 2018: Are You Keeping Up?

In 2018, keeping up with your peers in other businesses means one thing: automation. It’s this year’s buzzword where accounting is concerned. In fact, according to a 2015 study by PwC, accounting clerks and bookkeepers comprised the #1 profession most ...

 Cryptocurrency, Taxation, and Initial Coin Offerings

January 12, 2018 

Cryptocurrency, Taxation, and Initial Coin Offerings

The IRS classifies cryptocurrency as property, then they turn around and issue John Doe Summonses[2] to Coinbase, which was the same thing the IRS did to foreign bank accounts, seemingly treating coin as currency. However the taxation of coin works ...

 IRS Selects New Advisory Council Members

January 11, 2018 

IRS Selects New Advisory Council Members

The IRSAC, established in 1953, is an organized public forum for IRS officials and representatives of the public to discuss various issues in tax administration. The council provides the IRS Commissioner with relevant feedback, observations and ...

CFO-Optimism

January 10, 2018 

CFO Optimism Surges to New High in Deloitte Survey

A new survey of chief financial officers shows a surge of optimism among these financial professionals about the current and future states of major economic regions as well as their own company prospects. After declining for two quarters, net optimism ...

 E. Cohen & Company Adds Donald Keninitz CPA, CGMA as Principal

January 10, 2018 

E. Cohen & Company Adds Donald Keninitz CPA, CGMA as Principal

In his new role as principal, Keninitz will expand the firm's capability in Government Contractor Consulting and M&A Services. Keninitz has over 35 years of experience in accounting, auditing and consulting, and adds deeper resources and expanded ...