Our partial gift focus herein, which tends to be relatively simple, involves transferring an interest in a residence to a qualified charity after you pass, or after a term-of-years. Assuming a couple, the retained interest could reflect both lives. Multiple lives in the actuarial calculations, of course, reduce the up-front
When people talk about artificial intelligence, what they’re really talking about is the ecosystem of different technologies — like machine learning and natural language processing — that must work in concert to produce viable outcomes, according to David Cieslak, the chief cloud officer and executive vice president at RKL eSolutions.
Bridge loans are a popular way for startups to ensure they have enough cash. Here’s what you and your clients should know about them. Startup companies progress through various stages of raising outside capital as they grow. This often starts with seed funding from founders and/or angel investors, progresses into
The National Association of State Boards of Accountancy, the American Institute of CPAs and Prometric announced that qualified Uniform CPA Examination candidates applying to participating jurisdictions can test at any international location where the CPA exam is currently offered, effective June 2, 2022. Qualified international CPA exam candidates were previously eligible based on jurisdictions
Tax season demands so much of us, how are we supposed to set boundaries with ourselves and our clients so they respect our time? When you work too much, you actually reduce your productivity. This results in working longer hours, building up more stress, and feeling resentment towards the work
The Internal Revenue Service’s Employee Plans function is pilot-testing a new pre-examination retirement plan compliance program, starting this month, as a way to shorten the length of time needed for exams. The IRS said in an email Friday it would notify plan sponsors by letter if their retirement plan was
The Public Company Accounting Oversight Board plans to hold a meeting next Wednesday with its reconstituted Investor Advisory Group, the first meeting in nearly four years with one of the audit regulator’s biggest stakeholders. The PCAOB announced the agenda Friday for the June 8 meeting. It will include the PCAOB’s
This edition of Generational Viewpoints features two professionals from Andrea & Orendorff, a 35-person firm based in Kenosha, Wisconsin. We asked baby boomer partner Kathy Andrea, born in 1955, and millennial partner Ryan Goerres, born in 1988, to share their perspectives on the following question: “How do you realign your
Paychex has officially launched an integration with Jirav that allows accounting firms using both technology solutions the ability to offer high-value financial planning and analyis(FP&A) advisory services to their clients. The integration of Paychex workforce and financial data into Jirav’s FP&A solution enables accounting firms to provide reports and insights
A taxpayer can benefit from an enhanced deduction by donating appreciated property to charity; however, in a recent Tax Court case, Albrech, TC Memo 2022-53, 5/25/22, the Court held that a person must meet strict substantiation requirements to secure this tax break. Basic premise: If you donate property that you
