Technology

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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 ...

 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 ...