Featured News
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IRS clarifies bonus depreciation treatment
The IRS finalized regulations proposed in August 2018 and issued new proposed regulations governing the 100% bonus depreciation deduction under Sec. 168(k).
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Safe harbor gives rental R.E. businesses the QBI deduction
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.
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Proposed relief for tax-exempt organizations
The IRS has proposed regulations to clarify the reporting requirements that are generally applicable to certain tax-exempt organizations.
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Wisconsin DOR publishes interactive data visualizations
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.
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September 2019 Wisconsin Economic Outlook
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.
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House passes PCAOB whistleblower protection bill
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.
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Know and avoid M&A deal killers
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.
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How to properly date an Excel model
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.
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Adopting integrated reporting
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.
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Corporations must apply for IRS CAP program by Oct. 31
The IRS has announced that corporations that want to participate in the Compliance Assurance Process (CAP) for the 2020 program year must apply between Sept. 16 and Oct. 31.