Basics & Beyond TAX Flash March 2019
Key Issues for Practitioners We are now knee deep in the middle of tax season. As of this writing, we are unsure how fast refunds are being issued and how far behind IRS is with correspondence. Many requests came in to discuss some key issues related to the Qualified Business Income Deduction. For those who […]
Basics & Beyond TAX Flash February 2019
Key Issues for Practitioners Welcome to the first Tax Flash, something new to keep you informed during tax season and throughout the year. We will pick up key issues, reminders and other bits and pieces that may help ease the stress we are all facing with the “special” season. Though IRS states that the government […]
Section 199A and the 20% Deduction: New Guidance
Section 199A and the 20% Deduction: What You Need to Know In December of 2017, President Donald Trump signed into law the most sweeping tax reform that we’ve seen in decades. Passed by both the House and the Senate, the new tax law — known as the Tax Cuts and Jobs Act — included changes […]
Preparing for a Tax Audit: Reconstruction of Tax Records
Reconstructing Tax Records: How to Prepare for a Tax Audit Whether you’re a CPA, EA, tax preparer, or tax attorney, you likely work with a variety of clients in all sorts of tax scenarios. Even if you specialize in individual or corporate tax preparation, the chances are good that you’ve encountered a wide variety of […]
2018 State Tax Updates: Iowa CPE Requirements
Yearly State Tax Update: 2018 CPE Requirements in Iowa It doesn’t matter whether you’re a tax preparer, Enrolled Agent (EA), Certified Public Accountant (CPA), tax attorney, or other tax professional. Regardless of which of these categories you fall into, nearly every state in the country has requirements related to obtaining and maintaining your license to […]
The Gig Economy and Taxes
The Gig Economy, Independent Contractors, and Taxes A few decades ago, virtually everyone who was employed was, well, an employee. If you had a job somewhere, it was generally either a full-time or part-time position that involved a permanent spot on your employer’s payroll. Taxes would be deducted from your checks ahead of time, and […]
State Tax Updates: Ohio & Pennsylvania CPE Requirements
Ohio and Pennsylvania CPE Requirements: Yearly State Tax Updates Whether you’re a Certified Public Accountant (CPA), professional tax preparer, tax attorney, or Enrolled Agent (EA), the vast majority of U.S. states require that you complete ongoing continuing education in order to be eligible for licensure as a tax professional in that state. These requirements are […]
State Tax Updates: Illinois CPE Requirements
State Tax Update: CPE Requirements for Illinois In virtually every state nationwide, state boards determine licensure requirements for Certified Public Accountants (CPAs), Enrolled Agents (EAs), tax preparers, and tax attorneys. While the requirements for licensure vary from state to state, the vast majority of them require that tax professionals complete a certain number of Continuing […]
2018 Fall Income Tax Update Live Stream
Tax CPE Live Stream: 2018 Fall Income Tax Update As a CPA, continuing education is an important part of your professional development. No matter which state you live in, you’ll also need a certain number of annual CPE hours in order to successfully renew your license via your state board. Many states require a specific […]
Grain Glitch 2018
The Grain Glitch: 2018 Tax Reform Last December, Congress passed the Tax Cuts and Jobs Act. Shortly thereafter, President Donald Trump signed the bill into law. At over 1,100 pages in length, this sweeping tax reform legislation was the most dramatic change to the tax code in decades. It included changes to a number of […]
