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Tag: tax news

IRS owes tax refunds to 133,000 injured veterans

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July 16, 2018
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| Tax News And Info

The Internal Revenue Service is preparing to send millions of dollars in tax refunds to veterans who received disability severance payments starting in 1991. The tax refunds are the result of a 2016 law known as the Combat-Injured Veterans Tax Fairness Act (see Combat-injured veterans receiving special tax refund). More than 133,000 injured vets may […]

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Posted in Tax News And Info Tagged irs, tax news

Not all leads are the same

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July 16, 2018
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When you start marketing your firm using a variety of marketing tactics at once, you will soon realize that all leads are not to be treated equally. A lead is not a lead. That’s right; some prospects are more motivated than others and should be treated differently, reflecting the depth of their need and readiness […]

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Posted in Tax News And Info Tagged irs, tax news

Withum is on the forefront of cryptocurrency services

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July 15, 2018
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WithumSmith+Brown, a Princeton, N.J.-based firm ranked No. 25 on Accounting Today’s Top 100 Firms of 2018 list, has opened a digital currency and blockchain services group. In the works for a year, the creation of the new service line was spurred by the “emergence of cryptocurrency in the public lexicon, in the technology industry and […]

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Posted in Tax News And Info Tagged irs, tax news

People on the move: MCM appoints new managing partner

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July 15, 2018
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Don’t succumb to decision fatigue When people get overwhelmed with too many choices, they usually take the safe way out and decide not to do anything.

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Posted in Tax News And Info Tagged irs, tax news

Firms on the move: UHY Michigan celebrates 50 years by donating $50K

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July 15, 2018
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| Tax News And Info

Don’t succumb to decision fatigue When people get overwhelmed with too many choices, they usually take the safe way out and decide not to do anything.

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Posted in Tax News And Info Tagged irs, tax news

SASB makes transition to new leadership

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July 14, 2018
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The Sustainability Accounting Standards Board held its first board meeting under its new leadership this week to discuss progress on its provisional standards, with an eye to releasing them in the fall. Members of the board met in New York on Wednesday at Fordham University, with a remote phone connection to SASB headquarters in San […]

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Posted in Tax News And Info Tagged irs, tax news

SAP and Thomson Reuters release cross-border transaction management product

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July 14, 2018
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SAP and Thomson Reuters have released a new offering under a partnership to simplify converting cross-border transaction prices into a single currency. SAP Market Rates Management, Thomson Reuters data option, aims to be useful for accountants and CFOs serving companies that conduct foreign transactions. SAP Market Rates Management is cloud-based and offers connectivity to pricing […]

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Posted in Tax News And Info Tagged irs, tax news

IRS plans regulations on non-grantor trusts and new tax law

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July 14, 2018
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The Internal Revenue Service and the Treasury Department issued a notice Friday saying they intend to issue regulations around estates and non-grantor trusts, which may affect one tactic that some wealthy taxpayers have been using to get around the cap on deducting local property taxes under the new tax law. In Notice 2018-61, the IRS […]

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Posted in Tax News And Info Tagged irs, tax news

KPMG teams with SAS on CECL guidance

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July 13, 2018
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KPMG is partnering with analytics provider SAS on helping banks make the transition to the current expected credit loss, or CECL, accounting standard that begins to take effect in January 2020. The new standard will change the way many financial institutions estimate, reserve and report on losses on loans. The Financial Accounting Standards Board introduced […]

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Posted in Tax News And Info Tagged irs, tax news

House committee advances legislation providing tax break for gym membership

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July 13, 2018
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The House Ways and Means Committee has passed a bill allowing taxpayers to treat the amounts paid for membership at a fitness facility and gym classes as medical expenses. The bill, known as the Personal Health Investment Today (PHIT) Act, was sponsored by Rep. Jason Smith, R-Mo., and Ron Kind, D-Wis. It adds qualified sports […]

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Posted in Tax News And Info Tagged irs, tax news
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