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Tag: tax news

IRS makes it easier to house hurricane victims

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September 28, 2017
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| Tax News And Info

The Internal Revenue Service is lending a hand to victims of Hurricanes Harvey, Irma and Maria by offering temporary relief from some requirements of the tax code to owners and operators of low-income housing projects who have room to shelter some of the displaced people. The relief applies to owners and operators of low-income housing […]

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Posted in Tax News And Info Tagged irs, tax news

Trump tax plan to let Congress decide rate for top earners

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September 28, 2017
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| Tax News And Info

President Donald Trump and Republican leaders launched an urgent effort to get a major legislative win this year, announcing a long-awaited tax plan that will immediately set off a fight over how much top earners should pay. The framework proposes cutting the top individual rate to 35 percent—but leaves it up to Congress to decide […]

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Posted in Tax News And Info Tagged irs, tax news

The Tech Take: How one firm survived Harvey and Irma

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September 27, 2017
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Hurricane season has swept into the United States this year with a vengeance, leaving people reeling from loss. It’s times such as these that really make the case for benefits of storing data in the cloud. For accounting firms, it can be the difference between business as usual and complete shut-down. PMB Helin Donovan, a […]

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Posted in Tax News And Info Tagged irs, tax news

Third annual ‘#AuditorProud’ campaign to kick off Sept. 28

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September 27, 2017
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The Center for Audit Quality announced this week that the third annual “#AuditorProud” campaign will go live on social media channels this Thursday, September 28. The campaign looks to raise awareness and introduce more students and young professionals to the many career paths auditing provides. Audit professionals from around the world will use the hashtag […]

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Posted in Tax News And Info Tagged irs, tax news

IRS extends tax relief to Hurricane Maria victims

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September 27, 2017
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The Internal Revenue Service is offering tax relief to victims of Hurricane Maria in Puerto Rico, along with victims of the other recent monster storms, Harvey and Irma. Hurricane Maria devastated Puerto Rico last week and left behind widespread power outages and shortages of water, food and other supplies. The IRS said individuals who reside […]

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Posted in Tax News And Info Tagged irs, tax news

Increasing numbers of taxpayers to file at the ‘other’ tax deadline

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September 26, 2017
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| Tax News And Info

While 143 million individual tax returns were filed by July 21, 2017, the IRS expects an additional 9 million to be filed by the extended due date of October 16, according to IRS Commissioner Koskinen. (The normal due date of October 15 falls on a Sunday this year). “This could be a new record for […]

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Posted in Tax News And Info Tagged irs, tax news

IRS looking for help with tax treaty arbitration

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September 26, 2017
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The Internal Revenue Service is looking for people who are interested in serving as U.S. members of arbitration boards, along with non-U.S. citizens who would like to serve as arbitration board chairs, for U.S. tax treaties providing mandatory binding arbitration. Some U.S. income tax treaties with other countries provide for mandatory binding arbitration to resolve […]

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Posted in Tax News And Info Tagged irs, tax news

CliftonLarsonAllen manager receives 2017 PICPA ‘Young Leader’ award

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September 26, 2017
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Jennifer Feist-Johns, a manager at Top 10 Firm CliftonLarsonAllen’s Philadelphia office, has been awarded the 2017 Young Leader Award by the Pennsylvania Institute of Certified Public Accountants. Feist-Johns received the award at the PICPA Leadership Conference last week. The Young Leader Award looks to annually recognize professionals under 40 who have made significant contributions to […]

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Posted in Tax News And Info Tagged irs, tax news

Deloitte email platform and client data hit by cyberattack

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September 25, 2017
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Following record results that flagged the growth of its cyber security business, Deloitte LLP has revealed that it has been successfully targeted by a cyberattack that let hackers access data from an internal email platform. The auditing and consulting firm said in a statement Monday that it’s currently informing the clients affected and has notified […]

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Posted in Tax News And Info Tagged irs, tax news

Accounting leaders tap technology as top concern

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September 25, 2017
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The common wisdom these days is that every business is a technology business, but it might be more true to say that every business is a business that wrestles with technology — trying to make the most of the opportunities it offers while minimizing the disruption and disintermediation in inevitably brings — and accounting is […]

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Posted in Tax News And Info Tagged irs, tax news
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