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New nexus state; taxing cutting-edge (and really tiny) technology; refunds and good intentions; and other highlights from our favorite tax bloggers. Schoolin’ around Don’t Mess with Taxes (http://dontmesswithtaxes.typepad.com/): See you in September, above the line: a look at how teachers can still deduct classroom supplies. Solutions For CPA Firm Leaders (http://ritakeller.com/blog/): What does learning really […]
My previous columns on women staff (the original and the redux edition) drew a large number of emails and calls, and a major issue discussed was the lack of mentoring of female staff members. Actually, the mentoring applies to any diverse group, but I will refer to mentoring women in this column. Many firms that […]
The American Institute of CPAs has released a valuation and accounting guide for private equity and venture capital firms to help them determine the fair market value of the companies in their investment portfolios. The guide, Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies, offers nonauthoritative guidance […]
The Trump administration is reportedly mulling the possibility of temporarily cutting Social Security and Medicare taxes as a way to spur the economy amid recent signs of a potential recession ahead. The Washington Post reported Monday that several unnamed White House officials are discussing a temporary payroll tax cut. The Obama administration temporarily cut payroll […]
It turns out everyone struggles with data, while Airbnb has new tools for business travelers, and eight other technology developments from the past month and how they’ll impact your clients and your firm.
The AICPA recognizes professors and students with industry awards; Rehmann relocates to downtown Detroit; and more CPA news.
IRS selects income tax and accounting chief counsel; Boyer Ritter elects pair of principal-owners; and more personnel news.
Big Four firm Deloitte has created a new product, CognitiveTax Insight, or “CogTax,” to analyze indirect tax data sets using artificial intelligence. The product uses AI to assess the full population,of a clients’ accounts payable transactions, compared to a traditional, sampled approach. The use of AI is proliferating in the accounting space, especially to leap-frog […]
The AICPA’s “2019 Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits” breaks down the new face of the profession as it enters a new decade. The biennial report, first published in 1971, is based on university responses from the 2017-2018 academic year and U.S. accounting firm responses from the […]
A deadline is looming to maximize the stepped-up basis afforded to realized capital gains invested in qualified opportunity zone properties and businesses. To get the full 15 percent step-up in basis, investment must be made by the end of 2019. There has been a corresponding surge of offerings, primarily real estate investment trust-like investments in […]
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