“Ordinary & Necessary”: Understanding IRS Code 162
Many of my clients operate businesses. They’ve learned the expensive way that claiming expenses were incurred for business reasons doesn’t guarantee that their outlays will
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Many of my clients operate businesses. They’ve learned the expensive way that claiming expenses were incurred for business reasons doesn’t guarantee that their outlays will
Accountants are often being told to “innovate” these days. Many of the articles I’ve worked on recently with writers are all focused on helping professionals
The IRS Electronic Tax Administration Advisory Committee said in its recent report that the service has demonstrated its skill at executing appropriately funded technology and
Registered investment advisors and their firms have long viewed 401(k) and 403(b) plans as great sources of potential business. A soon-to-be retired client, current or
There’s something blissful about your business being “all you.” But that bliss can turn to burnout if you don’t implement the right measures. The following
Holes in a proposed gun tax; IRS budget-to-be; offshore account troubles; and other highlights from our favorite tax bloggers. Difficult but important Tax Pro Center
CliftonLarsonAllen’s CLA Foundation has committed $1 million in grants to the National Association of Black Accountants to seed NABA’s new Pathway to College program, support
The S.E.C. said the cheating involved hundreds of the firm’s workers from 2017 to 2021, resulting in the largest penalty ever imposed by the agency
In my previous blog, we talked about how to prepare yourself, your family and team, and your firm for your trip to an onsite conference…’tis
The International Federation of Accountants released a call to action this month urging CFOs and other finance leaders to improve the quality of sustainability information
It’s been said: “Getting money and keeping money are two different skills.” Another familiar expression is: “Money talks: It says goodbye.” You’ve heard the stories
An estimated 800 sales tax bills are under consideration by state legislators each month, according to a new report, as lawmakers grapple with the complexity
The Internal Revenue Service has issued FAQs regarding the reinstated Superfund chemical excise tax, detailing what the tax is, how it’s computed and who may
The International Sustainability Standards Board is reaching quorum strength with the appointment of two new members. The addition of Jeffrey Hales, chairman of the Sustainability
The pandemic had a devastating impact on many businesses, and they faced unforeseen challenges. Retaining employees and maintaining their salaries was a hurdle many sought
Everyone is feeling the effects of higher inflation. Forbes reports even during the low-inflation environment pre-pandemic, the cost of a four-year college education was increasing
Is the shuttering of expense management app maker ClearSpend a sign the space is ready for consolidation or just an unfortunate circumstance? In my career,
Lack of Faith; concerted and conscious; Pipe schemes; and other highlights of recent tax cases. Galloway, New Jersey: Tax preparer Michele Griffin, 42, has been
While the LGBTQIA+ community and supporters view many advancements as slam-dunk decisions, things often play out differently in the public sphere. To achieve progress requires
President Joe Biden called on Congress to suspend the federal gasoline tax, a largely symbolic move by an embattled president running out of options to
If your firm is not thinking through revenue goals for each of your service lines before setting them, it can be challenging to hit them.
Partners’ pay as a retention tool; volunteering to file; the global tax debate; and other highlights from our favorite tax bloggers. The best policy Rosenberg
Is a settlement of a malpractice claim against physicians or a hospital considered to be taxable income? In short, it depends, but according to a
There are many financial professionals who call themselves financial planners. Everyone from insurance salespeople, investment brokers and managers or CPAs who dabble with planning call
Recently, our own Chris Gaetano wrote a very well-done piece (The Frontier: For efficiency to live, email must die) interviewing a number of thought leaders,
The Internal Revenue Service, facing criticism over long hold times and disconnects when taxpayers try to reach its offices, is adding more options for callers
Communication has gotten so much more complex as there are so many channels now, it’s difficult to manage smartly with clients. In all the conversations
EisnerAmper, a Top 20 Firm based in New York, is adding Raich Ende Malter & Co. a Top 80 Firm, also based in the city,
Throughout most parts of the country, homeowners who unloaded their dwellings have reason to celebrate. They have benefitted from surges in housing values, particularly since
The Sustainability Accounting Standards Board held its final public meeting Wednesday ahead of the consolidation of its parent organization, the Value Reporting Foundation, into the
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