Featured News
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Thinking of a Ph.D. in accounting?
Plan your path to a doctorate in accounting with a systematic guide to help you navigate the application process.
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New tax laws change gamblers’ deductions
The Tax Cuts and Jobs Act (TCJA) stopped the ability of professional gamblers to deduct a net loss from gambling as a trade or business.
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IRS releases Form 1040 draft instructions
The IRS released a draft version of the instructions for Form 1040, “U.S. Individual Income Tax Return,” for individual taxpayer filing for tax year 2018.
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FASB updates lease accounting rules
FASB updated lease accounting rules by issuing minor amendments, targeting 16 changes and proposing reduced costs to make lessor implementation easier.
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Business taxpayers face Oct. 15 deadline
Time is running out for business taxpayers to elect out of the new 100 percent depreciation deduction for 2017.
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Client meals are still deductible
The IRS issued interim guidance that will allow businesses to continue to deduct 50 percent of business-related meals, despite changes set forth by the Tax Cuts and Jobs Act.
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Small to mid-sized businesses: Improve data security
Small and mid-sized businesses are particularly vulnerable to damage from cybercrime. Strengthening information security processes can help prevent cyber risks.
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Data breaches tripled since 2016
Data from Bitglass, a Cloud Access Security Broker, shows U.S. financial services firms endured three times more data breaches in the first six months of 2018 than during the same period in 2016.
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Law requires data security plans
The IRS reminds tax preparers that the law requires them to protect taxpayer information with a data security plan.
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Cybersecurity Awareness Month: What CPAs need to know
Cybersecurity Awareness Month is an opportunity for CPAs to remind clients about the critical need to protect their personal data.