Featured News

An overlooked impact of the 2017 tax reform act has resulted in many simple trusts having a tax liability on ordinary income, which was rarely the case prior to the act.

The IRS finalized regulations proposed in August 2018 and issued new proposed regulations governing the 100% bonus depreciation deduction under Sec. 168(k).

A new revenue procedure from IRS offers a safe harbor for taxpayers with a rental real estate enterprise so they can claim the qualified business income deduction under Sec. 199-A.

The IRS has proposed regulations to clarify the reporting requirements that are generally applicable to certain tax-exempt organizations.

The Wisconsin Department of Revenue (DOR) has published on its website a list of informational and statistical reports relating to the Wisconsin economy and the state and local tax system.

The U.S. and Wisconsin economies continue to grow despite some uncertainties clouding the forecast, according to the Department of Revenue’s September 2019 Wisconsin Economic Outlook.

The U.S. House of Representatives voted to approve legislation that would provide whistleblower protection to accountants, auditors and others who know of accounting fraud.

A variety of circumstances can kill a merger or acquisition, and both basic and advanced mistakes are applicable to the CPA in public accounting or in industry.

Utilizing a formula-based approach to an Excel table can allow modellers to build a full financial time series from just three lines of data instead of multiple rows that may not be necessary.

Adopting environmental, social and governance (ESG) reporting can show a company’s commitment to supporting diversity, social and environmental concerns, and more accountable corporate governance.