2018 Tax Reform Law – Index of Articles

January 9, 2018 

2018 Tax Reform Law – Index of Articles

The new tax reform law covers many aspects, from business taxation to individuals and deductions, which can make it challenging for taxpayers and tax professionals to keep up with the changes.

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January 9, 2018 

How the New Tax Law Affects Cryptocurrency

In 2014, the IRS classified cryptocurrency as property, and not currency. How property is taxed is that if you hold an asset for less than a year, and you sell it, you pay ordinary income tax at your ordinary tax rate. If you hold that asset for a year ..

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January 9, 2018 

Accounting Firm Revenues and Profits Continue to Climb

Revenues were up a solid 7.8%, a tad less than the prior year’s 8.1%. Growth from mergers accounted for 26% of total growth compared to 28% the previous year and 30% the year before. So from that, one could conclude that the impact of mergers on ...

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January 9, 2018 

Accounting Professionals Optimistic about 2018

With the overall economy in mind, the survey found that nearly 60 percent of accounting professionals sampled believe taxes will be the single biggest regulatory issue impacting their clients’ business today. Another 23 percent indicated that health ...

 AutoEntry Launches New U.S. Headquarters in Tucson

January 8, 2018 

AutoEntry Launches New U.S. Headquarters in Tucson

AutoEntry by OCREX, a provider of automated data entry software for accountants and bookkeepers, has announced the opening of its US headquarters in Tucson, Arizona. This launch will accommodate AutoEntry’s rapid growth in North America and Canada, ...

 Manufacturers More Optimistic Going into 2018

January 8, 2018 

Manufacturers More Optimistic Going into 2018

Optimism is high as manufacturers’ responses indicated they have a more positive outlook about the economy for 2018 than in 2017. The growing U.S. and global economies, rising energy and commodity prices, and improved business and consumer confidence ...

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January 7, 2018 

Cryptocurrency 101: What You Need to Know

Currently, the US treats cryptocurrency as property. The IRS requires that the value of cryptocurrency be reported in US dollars with the fair market value determined at the time of payment or receipt. This calls for specific record keeping ...

 Study Shows Key Concerns of Corporate Directors in 2018

January 5, 2018 

Study Shows Key Concerns of Corporate Directors in 2018

Drawing on insights from the Center’s work and interactions with corporate directors and business leaders throughout the year, the BLC’s On the 2018 board agenda highlights six items for directors to keep front and center in the months ahead.

Firm Automation

January 5, 2018 

Finance Pros Preparing for Innovation and Disruption

While AI and robotics may represent the long-term future of treasury management, more than half of finance professionals surveyed (52 percent) expect faster or real-time processing to experience major growth in payments innovation in 2018.