Featured News
-
Including exit planning in year-end plans
Year-end planning has much emphasis on the short-term, but it is also an ideal time to blend in such long-term matters as exit planning.
-
Using Excel’s Geography feature
Instead of researching and updating geographical data in spreadsheets, Excel users can save time by using the software’s Geography feature.
-
IRS to mask sensitive data on biz tax transcripts
Starting Dec. 13, the IRS will mask sensitive data on business tax transcripts to protect business taxpayers from identity theft.
-
Lease accounting guidance proposed for federal entities
The Federal Accounting Standards Advisory Board and Accounting and Auditing Policy Committee are proposing new guidance related to lease accounting for federal entities.
-
Updated RMD tables reflect longer lives
The IRS recently updated the life expectancy and distribution period tables used for purposes of determining RMDs.
-
Taxpayers allowed choice of bonus depreciation rules
The IRS has issued rules for taxpayers to follow in applying bonus depreciation regulations, including how to make several elections.
-
Partnerships and S corps. can deduct SALT
The IRS has proposed new regulations to clarify that partnerships and S corporations are not subject to state and local tax deduction limitations.
-
PPP loan necessity form required from large borrowers
Businesses and not-for-profits that received $2 million or more in PPP loans must complete one of two new loan necessity questionnaires sent to lenders by the SBA for borrowers.
-
ASB addresses auditing of fair value estimates of financial instruments
The AICPA Auditing Standards Board has proposed a standard that would provide more guidance on auditing management’s estimates of the fair value of financial instruments.
-
Fitting ‘me time’ into a busy schedule
By setting aside time for themselves, professionals with busy work schedules can still relax, refresh and renew to prevent burnout.