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Jan 22, 2020
Grant Thornton LLP has introduced its new iNDIRECT.360 system to help companies manage their indirect tax processes and data needs.
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Jan 22, 2020
Global TaxUpdate, a Lisbon, Portugal-based global tax information provider, has introduced GTU OnDemand, an e-commerce service that provides access to an online store of translated tax legislation.
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Jan 22, 2020
Federal civil tax lawsuits have fallen by more than half over the past decade, according to a new analysis.
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Jan 22, 2020
The International Ethics Standards Board for Accountants has released two exposure drafts for proposed ethical standards aimed at strengthening the non-assurance services and fee-related independence provisions of the International Code of Ethics for Professional Accountants.
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Jan 22, 2020
Taxpayers are feeling good about their tax-filing abilities, according to a new survey, with 89 percent indicating they feel confident they have their withholding set up correctly and 95 percent saying they're confident that they're taking all the deductions they can.
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Jan 22, 2020
PricewaterhouseCoopers showed off some of its new and upcoming technologies it has been developing for its staff and clients, particularly in the auditing field, at an event Tuesday in its offices in New York.
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Jan 22, 2020
The last several years have seen a "merger frenzy," with small and midsize CPA firms (with annual revenues between $10 million and $24 million) getting acquired by larger CPA firms that have a strong brand and a track record of average to above average equity partner profitability.
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Jan 22, 2020
The Pentagon made $35 trillion in accounting adjustments last year alone — a total that's larger than the entire U.S. economy and underscores the Defense Department's continuing difficulty in balancing its books.
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Jan 22, 2020
Even as France indicated a willingness to postpone a disputed tax on technology companies, U.S. Treasury Secretary Steven Mnuchin dangled the prospect of retaliatory tariffs on automobile imports if the issue isn't resolved.
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Jan 22, 2020
The student team succeeded against more than 40 other colleges and universities in Deloitte's national case study tournament.
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Jan 21, 2020
The American Institute of CPAs' Financial Reporting Executive Committee has proposed several working drafts of its guidance on the long-duration insurance accounting standard for insurance companies.
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Jan 21, 2020
Popular forms' deadlines; sharper eye on S corps; when restitution has mattered; and other highlights from our favorite tax bloggers.
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Jan 21, 2020
At first, FloQast focused on smaller businesses, but today its software serves companies ranging in size from 200 to 10,000 employees.
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Jan 21, 2020
Tax and finance leaders are now dealing with some unprecedented pressures coming from several sources.
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Jan 21, 2020
The Connecticut Society of CPAs will honor four "Distinguished Service" professionals and three "Women to Watch" at its inaugural CTCPA Women's Awards Breakfast on Jan. 22.
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Jan 21, 2020
Presidents Emmanuel Macron and Donald Trump agreed to a truce in their dispute over digital taxes that will mean neither France nor the U.S. will impose punitive tariffs this year.
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Jan 21, 2020
Rosen, Sapperstein & Friedlander's contribution will go toward expanding programs at the university's College of Business and Economics.
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Jan 21, 2020
Global economic confidence bounced back in the fourth quarter of last year to approximately the level it enjoyed in mid-2019, with a particularly strong improvement in North America, according to a new survey of accountants from the Association of Chartered Certified Accountants and the Institute of Management Accountants.
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Jan 21, 2020
Built Technologies, a provider of construction finance software, has acquired lienwaivers.io, a developer of lien waiver management and payment technology for commercial and residential construction.
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Jan 21, 2020
AppZen has released its enhanced AppZen Platform, using artificial intelligence to automate audits and other financial processes.
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Jan 20, 2020
CPA firms have lost sight of their central mission: building client value.
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Jan 20, 2020
American Citizens Abroad, a group that promotes the interests of U.S.-born expatriates, has updated and relaunched its online Expat Tax Services Directory of firms providing tax services, tax preparation, accounting services, financial advisory and legal services.
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Jan 20, 2020
A group of Senate Democrats has launched an investigation of the regulatory process for the Tax Cuts and Jobs Act and the ways in which exceptions were made for corporations as a result of fierce lobbying with the passage of the 2017 tax overhaul.
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Jan 20, 2020
Yount, Hyde and Barbour, a firm in Winchester, Virginia, is acquiring Woodcock & Associates, PC in Fredericksburg, Virginia, bolstering YHB's construction industry expertise.
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Jan 20, 2020
The Internal Revenue Service did a good job last tax season dealing with the many changes in the tax law, despite the 35-day government shutdown, but it still needs to improve its dealings with taxpayers who have limited proficiency with the English language, according to a new report.
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Jan 20, 2020
Withum's annual State of the Firm (SOTF) event, attended by over 1,000 Withum team members, was held at the New Jersey Performing Arts Center last Monday.
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Jan 20, 2020
Setting a growth goal is about much more than picking a percentage -- firms need to dive deeper to understand what it will really take to hit that goal, says Bob Lewis of The Visionary Group -- and they need to make sure they have people who can bring in the new business they need.
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Jan 20, 2020
The Internal Revenue Service said it may provide relief from double taxation in some circumstances to corporations because of the repatriation tax under the Tax Cuts and Jobs Act.
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Jan 17, 2020
Less than a thousand businesses were affected by an OMB determination involving the refundable corporate minimum tax credit.
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Jan 17, 2020
Baker Newman Noyes and Aronson cut ribbons on new offices; Sweeney Conrad celebrates 40 years; and more CPA news.
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Jan 17, 2020
Marketing directors and partners at accounting firms share the same goal: advancing the firm's brand and helping it achieve specific growth and profitability targets.
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Jan 17, 2020
Aprio promotes a dozen to partner and director; Mathieson, Moyski, Austin & Co. hires first firm administrator; and more personnel news.
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Jan 17, 2020
Savings for the top six U.S. banks from President Donald Trump's signature tax overhaul accelerated last year, now topping $32 billion as the lenders curbed new borrowing, pared jobs and ramped up payouts to shareholders.
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Jan 17, 2020
A group of international accounting organizations is calling for improved reporting and action on the UN's Sustainable Development Goals to hit the ambitious goals set for 2030.
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Jan 17, 2020
Barry Pennett has been placed in the new role of vice president and general manager of Intuit's ProConnect Group, just in time for tax season.
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Jan 17, 2020
Barry Pennett has been named to the new role of vice president and general manager of Intuit's ProConnect Group, just in time for tax season.
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Jan 17, 2020
They call themselves the Patriotic Millionaires, and they say with straight faces it's time the ultra-affluent kick in more to Uncle Sam.
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Jan 17, 2020
Filing taxes last year was a nightmare for taxpayers, their accountants and the Internal Revenue Service. This year might not be much better.
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Jan 17, 2020
Top 100 Firm Boyer & Ritter also donated more than 3,100 cans of food as part of the firm's holiday party.
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Jan 16, 2020
A little off the top; noted; over the Edge; and other highlights of recent tax cases.
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Jan 16, 2020
UHY Advisors and UHY LLP merged in Pattison, Koskey, Howe and Bucci, CPAs; MBAF expanded its tax and accounting practice by adding Kramer & Associates; and Fiondella, Milone & LaSaracina merged in Viola Chrabascz Reynolds and Formica & Dobkin.
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Jan 16, 2020
The Financial Accounting Standards Board has issued a standards update aimed at clarifying the interaction between the rules related to equity securities, equity method investments and certain derivatives.
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Jan 16, 2020
The year 2019 was a continuation of the banner year of 2018 for major law and administrative changes in sales and use tax compliance, inspired and driven in large part by the Supreme Court's decision in South Dakota v Wayfair.
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Jan 16, 2020
The Association of Chartered Certified Accountants will provide mental health, lifestyle and community support as part of a new online resource.
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Jan 16, 2020
The Internal Revenue Service and the Treasury Department are offering a safe harbor to provide relief to taxpayers who borrowed money to attend a nonprofit or for-profit school and had their student loan debts discharged.
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Jan 16, 2020
Professor S. Mark Young, the George Bozanic and Holman G. Hurt chair in sports entertainment business and professor of accounting at the University of Southern California, was recognized for his contributions to management accounting education.
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Jan 16, 2020
Vladimir Putin is putting his trust in an obscure technocrat with little political experience to be prime minister and revive Russia's flagging economy, as he prepares the country for the most significant constitutional overhaul in a generation.
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Jan 16, 2020
A former Internal Revenue Service analyst persuaded a judge not to send him to prison for leaking confidential government records on suspicious banking activity by President Donald Trump's former lawyer Michael Cohen.
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Jan 16, 2020
A group of six travel and expense management software vendors — Abacus, Captio, Certify, Chrome River, Nexonia and Tallie — have come together under a single company, Emburse, in an effort to challenge SAP Concur.
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Jan 15, 2020
The ability to explain accounting clearly is the power that will make accountants superheroes.
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Jan 15, 2020
The new credit losses accounting standard is not expected to have a major impact on the loan loss reserves of most large publicly listed U.S. banks, according to Moody's Investors Service.
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Jan 15, 2020
The Taxpayer First Act protects a broad range of disclosures about potential violations of IRS rules or tax fraud.
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Jan 15, 2020
Twenty-six diverse college students are the most recent class to graduate from the three-day internship preparation course.
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Jan 15, 2020
Average audit fees increased 4.25 percent from 2017 to 2018, according to a new report.
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Jan 15, 2020
Customer relationship management is an essential part of an accounting firm's business, but it often gets overlooked in favor of the good accounting work the firm does for their client.
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Jan 15, 2020
House Democrats' lawsuit seeking President Donald Trump's federal tax returns was put on hold as a judge said he's waiting for a higher court's ruling in a separate case on whether Congress can make ex-White House counsel Don McGahn testify.
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Jan 15, 2020
Some of the hardest evidence yet indicates that the 2017 Republican tax law is pushing money and people from high-tax U.S. states like New York and New Jersey and into low-tax states including Florida.
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Jan 15, 2020
The White House continues to work on a tax-cut plan in hope that Republican lawmakers will be in control of Congress after the 2020 elections, President Donald Trump's top economic aide Larry Kudlow said.
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Jan 15, 2020
With a little bit of data analysis, accountants can help small businesses develop more profitable approaches.
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Jan 14, 2020
Tracking refunds; an extra deadline; the Advocate's report; and other highlights from our favorite tax bloggers.
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Jan 14, 2020
The firm has continued its recent expansion streak in Southern California, snapping up its third firm in the Los Angeles area in recent months.
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Jan 14, 2020
Far fewer are concerned about the Tax Cuts and Jobs Act, unlike last year.
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Jan 14, 2020
Technology such as data analytics, artificial intelligence, machine learning, blockchain and robotic process automation will be playing a greater role in the accounting profession this year, according to a recent report from the Institute of Management Accountants.
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Jan 14, 2020
Accountants are left disgruntled with a lack of information.
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Jan 14, 2020
BlackRock, the world's biggest fund manager, said Tuesday that it plans to put sustainability at the center of its investment strategy and it will push companies to improve their climate risk disclosures.
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Jan 14, 2020
The Internal Revenue Service unveiled an enhanced Tax Withholding Estimator on its website Tuesday, designed to help workers fill out the new W-4 withholding form and hopefully avoid the problems seen last year when many taxpayers found themselves owing more taxes or receiving less of a tax refund than they expected.
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Jan 14, 2020
The move to the cloud is allowing users to make more of their data and of the many new intelligent tools that are out there.
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Jan 14, 2020
The Big Four firm's $450 million, 55-acre learning and development center is set to host 28,000 professionals through its first year of operation.
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Jan 14, 2020
For the owner of a multimillion-dollar company, selling by the end of 2020 could result in a much smaller tax bill than striking a deal in 2021 under new rules.
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Jan 13, 2020
New Jersey Governor Phil Murphy signed legislation Monday giving small businesses in the Garden State a workaround for the $10,000 cap on state and local tax deductions under the Tax Cuts and Jobs Act.
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Jan 13, 2020
The Internal Revenue Service's Whistleblower Office made 181 awards to whistleblowers in fiscal year 2019, totaling over $120 million and collected more than $616 million.
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Jan 13, 2020
The brand-new withholding form for 2020 will present taxpayers with challenges, and tax pros with opportunities, says ADP's Pete Isberg.
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Jan 13, 2020
I always prepare for client meetings. Sometimes I overprepare because I don't want to be unprepared and also because I want to control the pace, direction and timing of the meeting.
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Jan 13, 2020
Wulf Matthias of Wirecard AG resigned after months of controversy over the digital payments company's accounting practices.
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Jan 13, 2020
Wirecard AG Chairman Wulf Matthias resigned after months of controversy over the digital payments company's accounting practices.
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Jan 13, 2020
Priority ERP integrates AvaTax, Vertex achieves "Built for NetSuite" status, and Doc.It updates portal software.
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Jan 13, 2020
Priority ERP integrates AvaTax, Vertex achieves "Built for NetSuite" status, and Doc.It updates portal software.
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Jan 13, 2020
The Association of International Certified Professional Accountants and the Management Accounting Section of the American Accounting Association recognized three college professors with the 2020 Greatest Potential Impact on Management Accounting Practice Award.
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Jan 13, 2020
Accountants should be ‘ladies and gentlemen serving ladies and gentlemen.'
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Jan 10, 2020
The company has also partnered with Verady, a crypto-focused accounting firm, to acquire reliable data on the volatile virtual currency markets.
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Jan 10, 2020
BKD and MBAF each relocate NYC offices; AAM celebrates 30 years with new logo and Facebook Live event; and more CPA news.
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Jan 10, 2020
BKD and MBAF each relocate NYC offices; AAM celebrates 30 years with new logo and Facebook Live event; and more CPA news.
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Jan 10, 2020
Changes should make it easier for taxpayers to find the free versions of tax prep software from vendors who have been accused of misleading consumers into paying for the products.
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Jan 10, 2020
Katz, Sapper & Miller appoints first CIO; Reynolds, Bone & Griesbeck announces next MP; and more personnel news.
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Jan 10, 2020
The amount of time needed to prepare an audit or create a budget or forecast is greatly reduced with fintech, leaving staffers with the time they need to do more strategic work.
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Jan 10, 2020
The institute has asked the IRS and the Treasury to issue a notice clarifying that relief will also apply to S corporations.
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Jan 10, 2020
Consumers in 2019 were more likely to say plans to hike taxes on the wealthy would harm economic growth than they were in prior years, despite it being a key campaign pledge for nearly every Democratic presidential candidate, according to a new University of Michigan survey.
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Jan 10, 2020
Illinois firm Scheffel Boyle also donated 34 care packages to active U.S. service members.
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Jan 10, 2020
For years, accounting firms have relied on firm partners to use their personal and professional connections, charisma, and contacts to "make it rain" — to bring in new business and revenue that would enable the firm to grow and succeed.
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Jan 10, 2020
Most small businesses do run their own payroll, but they also wish they didn't have to.
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Jan 10, 2020
Bad news; 'tis the season; injunction schmunction; and other highlights of recent tax cases.
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Jan 09, 2020
Accounting firms are beginning to wade into the use of blockchain technology for audits, but with caution as the technology spreads beyond the cryptocurrency space where it's been used for digital assets like Bitcoin.
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Jan 09, 2020
Many dark money groups that raise funds for political and social causes and don't pay taxes aren't notifying the Internal Revenue Service of their intent to operate as tax-exempt organizations under section 501(c)4 of the Tax Code and haven't been penalized, according to a new report.
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Jan 09, 2020
The proposed changes could have the potential for expanding future enforcement proceedings.
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Jan 09, 2020
The average U.S. household is paying an annual surtax of more than $3,000 to subsidize taxpayers who aren't paying all they owe, a new report from the Taxpayer Advocate Service found.
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Jan 09, 2020
U.S. prosecutors recommended a three-month prison sentence for a former Internal Revenue Service analyst who pleaded guilty to illegally disclosing suspicious activity reports related to the private banking information of Michael Cohen, the former personal lawyer of President Donald Trump.
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Jan 09, 2020
The controversy keeps mounting over a new tax break for investing in poor U.S. communities. But investors keep piling in.
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Jan 09, 2020
The Internal Revenue Service debuted a new Gig Economy Tax Center on its IRS.gov website to help taxpayers who work with companies like Uber and Airbnb meet their tax obligations through more streamlined information.
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Jan 09, 2020
CPAs should be wary of these seven client requests around revenue recognition.
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