Featured News

  • Helping clients to avoid costly errors

    September 17, 2020

    The start of the fourth quarter is a good time to check in with clients and work with them to ensure there are no errors in their tax documentation.

  • Reducing the risk of cyberattacks

    September 16, 2020

    Accounting firms of all sizes are continuing to face a range of cybersecurity threats, but there are strategies to reduce their risk of becoming victims.

  • IRS issues new per diem rates

    September 15, 2020

    Taxpayers who incur expenses while traveling away from home have new per-diem rates to use in substantiating certain of those expenses.

  • New charitable deduction for nonitemizers

    September 14, 2020

    A provision of the CARES Act permits eligible individuals who do not itemize deductions to deduct $300 of qualified charitable contributions as an above-the-line deduction.

  • IRS allows digital signatures for 6 more forms

    September 14, 2020

    The IRS is temporarily allowing the use of digital signatures for six more forms to help protect the health of taxpayers and tax professionals during the COVID-19 pandemic.

  • Focusing on the right information trends

    September 13, 2020

    By narrowing your focus to significant trends that directly impact the accounting industry, you can cut down on any other extraneous information that competes for your attention.

  • IRS issues COVID-19 testing guidance

    September 12, 2020

    COVID-19 testing and diagnostics services are not considered minimum essential coverage for purposes of the Sec. 36B premium tax credit and Medicaid, according to new IRS guidance.

  • Investing in anti-fraud efforts

    September 11, 2020

    To mitigate the growing threat of economic crime, organizations are now investing in anti-fraud efforts to stay ahead of potential criminals.

  • IRS expands tax help into more languages

    September 10, 2020

    As part of a larger effort to reach underserved communities, the IRS is taking a number of steps to expand information and assistance available to taxpayers in additional languages.

  • Certain BBA partnership returns due soon

    September 10, 2020

    Partnerships subject to the centralized partnership audit procedures under the Bipartisan Budget Act of 2015 (BBA) must file their amended returns before Sept. 30, 2020.