High Quality Work…Great Customer Service.
The National Association of States Boards of Accountancy, Nashville, announced members of its board of directors for 2018-19: Janice Gray, managing member of Gray, Blodgett and Company in Norman, Oklahoma, to chair (pictured); Laurie Tish, national practice leader for government services at Moss Adams, Seattle, to vice chair; Jack Anderson Bonner, member of the Tennessee […]
The Internal Revenue Service said Wednesday that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 won’t have to worry about the time limits in the Tax Cuts and Jobs Act. Under a new proposal, wealthy taxpayers won’t be negatively affected after 2025, when the exclusion […]
The Intuit ProConnect Group has updated ProSeries and Lacerte for tax year 2018. In a year fraught with tax law changes, updates for ease and efficiency will be welcome by tax professionals. According to Intuit, the changes are focused on efficiency, productivity and performance. Both ProSeries and Lacerte will be up-to-date with IRS-approved tax reform […]
The “Five Lands” model describes a metaphorical journey that all accounting firm leaders and partners should go through to upskill themselves and cultivate the skills of tomorrow. This model is based on cutting-edge theories on the plasticity of the brain, the future of business and leadership in the era of complexity. It is also based […]
PBMares LLP, a Top 100 Firm based in Newport News, Virginia, has expanded in the Capital Region by merging in Santos Postal Company in Rockville, Maryland. Santos Postal has been ranked as a Best Accounting Firm to Work For by Accounting Today for the past seven years. The firm was founded in 1971 and provides […]
The Internal Revenue Service has proposed a potential benefit for wealthy taxpayers, saying that individuals who give lots of gifts to their heirs under a generous but temporary provision of the 2017 Republican tax overhaul won’t later owe taxes on them. Last year’s tax law doubled the value of assets that can be transferred to […]
The National Association of States Boards of Accountancy, Nashville, announced members of its board of directors for 2018-19: Janice Gray, managing member of Gray, Blodgett and Company in Norman, Oklahoma, to chair; Laurie Tish, national practice leader for government services at Moss Adams, Seattle, to vice chair; Jack Anderson Bonner, member of the Tennessee Society […]
The American Institute of CPAs is asking the Internal Revenue Service to rethink its proposed changes to the tax transcript process, contending they would delay the process of getting copies of old tax returns for clients. “We appreciate your efforts to protect taxpayer data from cybercriminals; however, these changes will unnecessarily delay the process for […]
A 199A formula; changes in gifting; scams and scandals; and other highlights from our favorite tax bloggers. Corporate blackmail Mauled Again (http://mauledagain.blogspot.com/): “Tax Breaks and Corporate Blackmail” examines the current meme that asks, “As Jeff Bezos Earns $191K Per Minute, Why Are NY VA Giving Amazon $3 Billion in Corporate Welfare?” The blogger’s standard response: […]
The Internal Revenue Service is reminding taxpayers Monday about a change under the new tax law that limits like-kind exchanges to exchanges of real estate and similar property. Under last December’s tax overhaul, starting Jan. 1, 2018, any exchanges of personal or intangible property such as machinery, equipment, vehicles, artwork, collectibles, patents and other intellectual […]
Powered by WordPress. AwesomeOne theme by Flythemes