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Chalk up a win for asset managers in the Congressional battle over reshaping the U.S. tax regime. For everyone else, however, the celebration will have to wait. Thanks to a last minute revision to the Senate’s tax proposal on Thursday, overseers of professionally managed portfolios appear to have received an exemption from a proposed rule […]
Based on extensive research with the Accounting Today audience, this session will explore firms’ plans for 2018, from hiring and technology spending, to growth strategies, potential MA, new service offerings and more. Register Key Speakers
Vice President Mike Pence said Republicans would repeal the estate tax—a step that the Senate GOP tax plan doesn’t currently plan to take. “Death should no longer be a taxable event,” Pence said Thursday night during the annual dinner of the Tax Foundation, a conservative-leaning Washington policy group. He promised that the tax-overhaul plans now […]
For more than 30 years, colleges and universities have leaned on an obscure tax rule that allows sports boosters to make tax-deductible contributions to their teams. Athletic fundraisers around the country say that’s an advantage that generates millions in annual revenue—and one that’s threatened by Republican tax legislation. The issue revolves around donations that confer […]
How many of your firm’s prospective clients will visit your website? Don’t be surprised if it is close to 100 percent. For accounting firms, acquiring a new client is a complex sale. The needs can be specific. The costs can be high. And clients require a certain comfort level before they sign. It all adds […]
Accountants are in fourth place in a new ranking of how different industries fare in terms of return on equity. The financial information company Sageworks recently analyzed the financial statements of private companies to find out which sectors generated the most return on equity in the past 12 months. ROE measures how efficiently a company […]
New York’s Times Square, which moved past its era of porn and squalor by luring companies to new skyscrapers, now faces defections by some of those very tenants. The most recent is Ernst Young LLP. Its departure from 5 Times Square, announced this month, may leave the tower’s million or so square feet of office […]
Senate Republicans say their tax bill will bring big tax cuts for middle-class families and businesses. If you own a private jet, you’ll also get a break. The revised bill that emerged from the Senate Finance Committee this week scraps excise taxes on the use of private aircraft. The exemption would apply to expenses including […]
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