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Accounting & Taxes

Employee Business Related Expenses You Can Deduct without Itemizing

J K Lasser - 1 hour 44 min ago
Employees cannot deduct most business-related expenses because they are miscellaneous itemized deductions subject to the 2%-of-adjusted gross income (AGI) floor and this write off has been suspended through 2025. But some business expenses of employees remain deductible. Keep these in mind. 1. IRAs You need earned income—from a job or self-employment—to make contributions to an IRA. [...]
Categories: Accounting & Taxes

White House reportedly considering payroll tax cut to boost economy

Accounting Today - Mon, 2019-08-19 17:34
The Trump administration is mulling the possibility of temporarily cutting Social Security and Medicare taxes as a way to spur the economy.
Categories: Accounting & Taxes

AICPA offers valuation guide for private equity and VC firms

Accounting Today - Mon, 2019-08-19 16:45
The guidance helps with determining the fair market value of companies in an investment portfolios.
Categories: Accounting & Taxes

Art of Accounting: Mentoring female staff

Accounting Today - Mon, 2019-08-19 15:58
Many firms that have active mentoring programs do not provide the appropriate mentors.
Categories: Accounting & Taxes

New liability risks in accounting

Accounting Today - Mon, 2019-08-19 15:00
Liability insurance experts Deb Rood and Stan Sterna share major emerging malpractice and liability concerns for accountants.
Categories: Accounting & Taxes

Most college grads open to starting their own business, poll finds

Accounting Today - Mon, 2019-08-19 14:52
An American Institute of CPAs survey also found that a majority of young job seekers value autonomy over job security.
Categories: Accounting & Taxes

Sax merges in Miller

Accounting Today - Mon, 2019-08-19 12:28
The deal expands the firm's footprint in New York City.
Categories: Accounting & Taxes

The top reasons M&A deals die

Accounting Today - Mon, 2019-08-19 12:11
These tips can help keep a CPA firm merger alive.
Categories: Accounting & Taxes

The money drain

Accounting Today - Mon, 2019-08-19 11:48
Outdated processes are leading to too much error in company financial data. The accounting profession is positioned to fix this.
Categories: Accounting & Taxes

5 Things to Know about Write-Offs for Driving in 2019

J K Lasser - Sun, 2019-08-18 17:15
You may be thinking of buying or leasing a new vehicle for 2019. Or you may drive your new or existing car or truck for business or other purposes. Here are 5 things to know about the tax rules that affect these actions. 1. Business driving may or may not be deductible It depends on whether [...]
Categories: Accounting & Taxes

AICPA drafts guidance on CECL

Accounting Today - Fri, 2019-08-16 16:27
The American Institute of CPAs’ Financial Reporting Executive Committee is offering some advice on issues related to the new credit losses standard.
Categories: Accounting & Taxes

BPM merges in CPA Consulting

Accounting Today - Fri, 2019-08-16 15:56
The Top 100 Firm based in San Francisco has expanded in the Seattle area by adding a firm based in Bellevue, Washington.
Categories: Accounting & Taxes

Sanity check for qualified opportunity zone investments

Accounting Today - Fri, 2019-08-16 14:45
A deadline is looming to maximize the stepped-up basis afforded to realized capital gains invested in qualified opportunity zone properties and businesses.
Categories: Accounting & Taxes

The next face of the accounting profession

Accounting Today - Fri, 2019-08-16 14:34
The AICPA's “2019 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits" breaks down the profession as it enters a new decade.
Categories: Accounting & Taxes

Deloitte’s CogTax injects AI into indirect tax recovery

Accounting Today - Fri, 2019-08-16 10:55
The solution is part of the firm's 'Tax in 2020' strategy to transform tax digitally for it global clients.
Categories: Accounting & Taxes

People on the move: DHG names head of exec coaching & development

Accounting Today - Fri, 2019-08-16 10:40
IRS selects income tax and accounting chief counsel; Boyer & Ritter elects pair of principal-owners; and more personnel news.
Categories: Accounting & Taxes

Firms on the move: UKansas students visit Big Four in NYC

Accounting Today - Fri, 2019-08-16 10:39
AICPA recognizes professors, students with industry awards; Rehmann relocates to downtown Detroit; and more CPA news.
Categories: Accounting & Taxes

VR for HR: 10 tech stories you may have missed

Accounting Today - Fri, 2019-08-16 09:00
Everyone struggles with data, Airbnb for business travelers, and eight other technology developments from the past month.
Categories: Accounting & Taxes

Why auditors need to be sent to ‘Fraud School’

Accounting Today - Thu, 2019-08-15 16:47
The prevalence of fraud in modern corporations is astounding when one considers the architecture that is in place to eliminate it.
Categories: Accounting & Taxes

IRS budget cuts cost $34.3B in lost revenue from big business

Accounting Today - Thu, 2019-08-15 15:52
The federal government is collecting billions of dollars less than it could because of resource shortages at the tax agency, according to a new study.
Categories: Accounting & Taxes


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    Cider Mill Professional Center, Building C-102
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