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    1. College scandal involved shadowy tax-exempt charity Key Worldwide with ‘yellow flags’ | Accounting Today

      College scandal involved shadowy tax-exempt charity Key Worldwide with ‘yellow flags’ | Accounting Today

      William Singer, you've heard of him unless you've been hiding under a rock this past week, a dream some now wish could be truth, is the mastermind behind Key Worldwide Foundation the foundation at the heart of the college scandal.  Designed to help provide educational opportunities, but for who and by what means.  

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    2. Start training accounting firm leaders from Day One | Accounting Today

      Start training accounting firm leaders from Day One | Accounting Today

      Where are the next generation of leaders who will carry the profession of accounting into the next decade?  What can current firm leadership do to arm their younger staff with the skills and knowledge necessary to lead?  How do we identify emerging leaders? Are millennials going to be ready to take the reins when the time comes? 

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      Mentions: Robert Williams
    3. Ask what others don’t this tax season

      Ask what others don’t this tax season

      So many firms get to the first finish line of tax season in April by working as many hours as humanly possible. This may be gratifying for May and June collections, but in the process you probably burned yourself out and may have missed the opportunity to help your clients at a higher level, with work that they want, need and would gladly pay for. Of course, that work is personal financial planning.

      Read Full Article
      Mentions: Robert Williams
    4. California sets new post-Wayfair sales tax rules

      California sets new post-Wayfair sales tax rules

      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 out-of-state retailers can be required to collect sales tax, states have been scrambling to come up with new sales tax regimes. California is one of the first big states to announce its policy; other large states like Texas, New York and Florida have yet to weigh in.

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    5. IRS releases early guidance on new uses, options for 529s

      IRS releases early guidance on new uses, options for 529s

      The latest IRS regulations on three recent tax law changes affecting 529 education savings plans highlight tuition refunds, expanded rules for use, and rollovers.

      Notice 2018-58 addresses a change in the PATH Act and two changes in the Tax Cuts and Jobs Act. Taxpayers, beneficiaries and administrators of 529 and ABLE programs can rely on the rules in this notice until the Treasury Department and IRS issue regulations clarifying these three changes.

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    6. U.S. expats face hammering from new tax rules

      U.S. expats face hammering from new tax rules

      The four-employee business of Travis Baldwin, who hasn’t lived in the U.S. for nearly a decade, is about to get hammered by a pair of tax provisions that were aimed at corporate behemoths like Microsoft Corp.

      The tax reform law signed by President Donald Trump in December created new taxes for corporations that have shifted their profits offshore for years.

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    7. IRS mulls rules for estates and trusts after tax law

      IRS mulls rules for estates and trusts after tax law

      The Internal Revenue Service is showing signs that it’s planning to issue regulations on the deductibility of expenses for estates and trusts in the wake of the new tax law.

      Earlier this month, the IRS and the Treasury Department issued a notice saying it intends to issue regulations around estates and non-grantor trusts in the context of last December’s tax code overhaul (see IRS plans regulations on non-grantor trusts and new tax law).

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    8. Postcard-size 1040 tax form to be released next week

      House Ways and Means Committee chairman Kevin Brady, R-Texas, holds a sample postcard showing a simplified tax form as House Speaker Paul Ryan, R-Wis., looks on

      Treasury Secretary Steven Mnuchin said his department will be releasing a postcard-size Form 1040 next week, fulfilling one of the promises of last December’s tax overhaul.

      “Next week, we will be unveiling the new 1040, and it will be a postcard as we’ve promised, and hardworking taxpayers won’t have to spend nearly as much time filling out their taxes,” Mnuchin said at an event Wednesday marking the six-month anniversary of the passage of the Tax Cuts and Jobs Act, according to The Hill.

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    9. Why so many mergers and acquisitions die at the altar

      Why so many mergers and acquisitions die at the altar

      Principally because of the difficulty in growing organically at an acceptable rate and because of the ever-increasing number of baby boomer retirements, mergers continue to happen at a hectic pace.

      Mergers and acquisitions are a tricky business and are not silver bullets for solving a CPA firm’s problem in achieving sustainable growth. To say the least, these transactions are extremely time-consuming, riddled with “sand traps” and full of opportunity costs, but more than that they have considerable risk.

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    10. S Corps are taking a second look at C Corp status

      S Corps are taking a second look at C Corp status

      That’s a big question that closely held businesses currently treated as S Corps are asking in light of the new tax law. Informally known as the Tax Cuts and Jobs Act, the historic tax reform legislation — unrivaled in its scope since the 1986 Tax Reform Act — has radically slashed the corporate tax rate from 35 to 21 percent. So shouldn’t the new corporate tax rate spur S Corps to become C Corps, too, especially when considering that pass-through owners, on average, will now be taxed at much higher rates?

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    1-24 of 115 1 2 3 4 5 »
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