Featured News
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Executive decision-making tips
A recent survey of more than 1,200 respondents underscores the frustration of broken and slow decision-making processes among executives and offers tips to help.
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IRS corrects worksheet error
On May 15, the IRS notified tax software companies about an error in the instructions for the Tax Worksheet for the 2018 Schedule D. The corrected instructions should be downloaded.
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S corps and charitable giving
Help clients understand the rules surrounding the pass through of charitable contribution deductions from an S corporation to its shareholders and the corresponding basis adjustments.
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Benefits of audit data analytics
Audit data analytics (ADAs) can help CPAs leverage current technologies and move toward a more data-driven approach to planning or performing an audit.
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Involuntary conversion of a principal residence
Tax professionals should understand the tax consequences when a client loses their principal residence through natural disaster, accidental fire or the power of eminent domain.
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Possible benefits of new CFC group election
After some critical changes created by the Tax Cuts and Jobs Act, there may be some benefits afforded controlled foreign corporations (CFCs) by a method that would allow group elections.
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Rising costs may threaten seniors
Costs of housing and health care will nearly double in 10 years, according to researchers at the University of Chicago, but those aren’t the only factors that will make life harder for seniors.
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NFP audits and independence
Not-for-profit entities (NFPs) can be an important market segment for public accounting firms, but NFP audits can present some unique and sometimes opaque independence issues.
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Rewards programs and cybercrime
Because of all the personal information required to join a loyalty reward program, hackers are sitting up and taking notice of new cybercrime opportunities.
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Costs and benefits of uniform guidance audits
CPA firms must assess their willingness to develop the audit expertise and maintain the resources necessary to provide quality uniform guidance audits.