Featured News
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Helping self-employed clients with retirement
As the number of entrepreneurs grows, CPA firms can grow with self-employed clients by providing needed personal financial planning advice.
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Security Summit releases data security plan to help tax pros
The Security Summit partners recently unveiled a special sample security plan designed to help tax professionals, especially those with smaller firms, protect their data.
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New Senate reconciliation bill contains key tax provisions
The Inflation Reduction Act contains numerous tax provisions, including a 15% corporate minimum tax, expanded eligibility for premium tax credits and numerous clean energy credits.
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National taxpayer advocate appeals IRS response to scanning tech
The National Taxpayer Service escalated its push for the IRS to adopt barcode scanning of paper tax returns in a new memo to the agency.
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Final regulations streamline partnership basis elections
Under final regulations, partnerships electing to adjust the basis of partnership property under Sec. 754 will not have to include a partner's signature on their election statement.
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More financial advisors turning to AI tools for clients, survey shows
New research shows AI is making financial advisors more efficient and more connected with clients.
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Preparing for the growing pains of cloud migration
To help prepare your firm for the great migration, anticipate the growing pains often associated with migrating to cloud computing.
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IRS: Tax practitioners needed for focus groups
The IRS small business/self-employed division is calling on tax practitioners to participate in three focus group sessions.
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IAASB issues new FAQ for reporting going concern matters
The International Auditing and Assurance Standards Board (IAASB) recently issued a nonauthoritative FAQ for reporting going concern matters in the auditor’s report.
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IRS mistakenly issues balance-due notices on some joint returns
Some taxpayers who filed tax returns for 2021 using the married-filing-jointly filing status may have received an IRS notice erroneously demanding a balance owed, the agency said.