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Category: Tax News And Info

Trump tax returns can’t be obtained by nonprofit, court says

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December 19, 2018
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| Tax News And Info

President Donald Trump’s tax returns, which he has refused to make public, can’t be obtained by a nonprofit organization using the Freedom of Information Act, the federal appeals court in Washington ruled. The information is shielded by a taxpayer privacy law passed after President Richard Nixon tried to use the Internal Revenue Service to harass […]

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Posted in Tax News And Info Tagged irs, tax news

Top 100 Firms and Regional Leaders: Call for applicants for 2019

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December 18, 2018
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Accounting Today is in the midst of compiling its annual lists of the Top 100 Firms and Regional Leaders, and is looking for more top-notch accounting firms to consider. The two prestigious lists rank the top firms by revenue both nationwide and in specific regions of the country — and this year we intend to […]

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Posted in Tax News And Info Tagged irs, tax news

IRS gives foreign banks a break in Trump tax law’s new levy

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December 18, 2018
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The Internal Revenue Service is giving foreign-based banks with U.S. operations some leeway when calculating a major new international tax aimed at preventing global companies from shifting profits abroad. Multinationals often transfer payments, such as interest or royalties, to their affiliates in low-tax jurisdictions to maximize deductions and minimize tax bills. Instead of applying the […]

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Posted in Tax News And Info Tagged irs, tax news

Top tactics for capitalizing on the TCJA

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December 18, 2018
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President Donald Trump pledged that his tax law would kill off breaks and complex loopholes for the wealthy. Instead, the overhaul has ushered in a new generation of maneuvers that taxpayers can exploit before Dec. 31 to minimize next year’s bills. Some tactics capitalize on provisions in the law that provide benefits, such as a […]

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Posted in Tax News And Info Tagged irs, tax news

Firms giving back: Dixon Hughes Goodman sponsors assistance dog

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December 17, 2018
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Dixon Hughes Goodman sponsors assistance dog Top 20 firm Dixon Hughes Goodman collaborated with paws4people throughout 2018 by sponsoring the training of a one-year-old Golden Retriever assistance dog, Dewey. The DHG Foundation and staff members donated over $35,000 in a 12-month period to support Dewey’s training. Dewey will now be partnered with a veteran or […]

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Posted in Tax News And Info Tagged irs, tax news

People on the move: GT names first national managing principal of industry

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December 17, 2018
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Shaji Varghese (pictured) was hired as an audit partner and Brandon Baker as a tax principal in the Philadelphia office of Friedman. Laurie Peer, president of RKL Wealth Management, a subsidiary of RKL, Wyomissing, was named one of the Girl Scouts of Eastern Pennsylvania’s 2019 “Take the Lead Berks County” award recipients, honoring the work […]

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Posted in Tax News And Info Tagged irs, tax news

California sets new post-Wayfair sales tax rules

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December 17, 2018
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In a much-anticipated move, the California Department of Tax and Fee Administration announced last week that out-of-state retailers who sell above certain thresholds will have to start collecting California use taxes on their sales into the state, starting April 1, 2019. Since the landmark Supreme Court decision in South Dakota v. Wayfair last finding that […]

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Posted in Tax News And Info Tagged irs, tax news

Firms on the move: Mercadien Group managing director receives ACFE award

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December 16, 2018
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| Tax News And Info

BlumShapiro, West Hartford, received the inaugural Healthiest Employers Award from the Hartford Business Journal, recognizing the firm’s dedication to employee health, safety and wellness programs. Dawn Brolin, CEO of Powerful Accounting, launched FightAgainstFraud.com, an online fraud prevention platform and mentoring community designed for accounting professionals.

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Posted in Tax News And Info Tagged irs, tax news

IRS raises mileage rates for 2019

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December 16, 2018
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The IRS will raise most 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. On Jan. 1, the rates for the use of a car (also vans, pickups or panel trucks) will be: 58 cents/mile driven for business use, up 3.5 cents […]

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Posted in Tax News And Info Tagged irs, tax news

GE opens door to replacing KPMG

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December 16, 2018
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General Electric Co. opened the door to replacing KPMG as its auditor, potentially ending a relationship that goes back more than a century, after high-profile financial stumbles spurred the manufacturer’s share collapse. The board will hold a competition for the auditor position, GE said in a statement Friday. The appointment date will be based on […]

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Posted in Tax News And Info Tagged irs, tax news
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