Sidney Kess, CPA, J.D., LL.M.
Long-term care is different from medical treatment designed to cure a condition or illness. Long-term care is meant to address the needs of an individual who, because of a chronic...
MORECloud Accounting Roundtable Cloud accounting software has freed CPAs from many of the constrictions of 20 years ago. A CPA can now work from multiple locations and get more in-depth input…
Aging clients are growing in number and practitioners should address their needs. Consider the Six Following Facts: 1 By 2050 the population aged 65 is projected to be 83.7 million. This represents…
In order to optimize your CPA Firm’s overall efficiency, effectiveness, and productivity in connection to researching and resolving a tax issue and determining the sustainability of a tax return filing…
Website Builder Roundtable CPA’s website is the proverbial greeting handshake for many potential clients. It forms a person’s initial opinion of the firm. This importance has led many to speculate on…
Perhaps an even greater surprise for nominees attending the 89th Annual Academy Awards than finding out who really won the Best Picture Award will be learning that those Oscar gift…
The larger the firm, the more rational succession planning is. Partners in large firms know from the beginning what the process is like, when it takes place and who makes…
It’s that time of year again. You are fully in the swing of tax season, counting the days until April 18, frustrated that your clients are not bringing in their…
An individual income tax return can be a treasure trove of planning opportunities and practice development opportunities for practitioners. Many practitioners are concerned about cost issues. Clients will negotiate prices…
Some United States taxpayers are married to individuals who are not residents of the United States, and not otherwise a citizen or subject to United States tax laws. We believe…
CPA Magazine
The IRS is owed $138 billion and private collection agencies, or PCAs, are now actively trying to collect some of it. As a part of the Fixing America’s Surface Transportation...
MOREAccording to a recent article by CPA J. Carlton Collins…
A Proactive Methodology to Accelerated Depreciation Planning A properly designed and…
With bitcoin prices recently surging over $2,500 it’s time explain…
CPA Magazine’s T. Steel Rose recently sat down with Patti…
The IRS may not charge preparer tax identification numbers (PTIN)…
Many hope to date a sports star, actor or celebrity…
CPA Magazine had an opportunity to sit down with CeCe…
While the meat of tax season is over, there may…
Some United States taxpayers are married to individuals who are…
Sidney Kess, CPA, J.D., LL.M.
With summertime approaching, many children will be getting jobs during their school break. Others will continue at their part-time jobs throughout the summer months. What does a child’s work mean...
MORELong-term care is different from medical treatment designed to cure…
In its annual release in 2016, the Federal Trade Commission…
The flooding in parts of Louisiana on August 11, 2016…
Individuals may have financial windfalls because of a variety of…
Retirement is life changing in so many ways, and it…
The end of the year is the deadline for most…
The Protecting Americans from Tax Hikes (PATH) Act (P.L. 114-113)…
Just before the U.S. Supreme Court closed its 2014 term…
A handful of important changes impact relations between the IRS…
Julie Welch, CPA, CFP
"How long should my client keep his/her tax returns and supporting documentation?” is a frequently asked question. The safe, quick answer is keep old tax returns, W-2s, and information with...
MOREBe Alert for Digital Documentation Now that companies are going digital…
If your client is married and either that person or…
If your client is age 50 or older, he or…
Roth IRAs are similar to traditional IRAs in that the…
You can offset the costs of higher education with two…
Generally dividends you receive on stock you own are taxable…
“How long should my client keep his/her tax returns and…
Health Savings Accounts (HSAs) are similar to individual retirement accounts…
Julie Welch (Runtz), CPA, CFP, and Randy Gardner, LLM, CPA…
Jerry Love, CPA/PFS, CFP, CVA, ABV, CITP, CFF, CFFA
This article is a follow up to the prior article which highlights the new regulations for the Fair Labor Standards Act (FLSA) from the Department of Labor (DOL) raising the...
MOREThis is a question on many people’s minds. A few…
It has taken the Department of Labor (DOL) almost two…
Most people do not know they can incur penalties by…
By now every employer and CPA assisting employers is well…
I am going to give you the highlights of four…
Failure to read this article and understand it could cost…
The question of when a person can be paid and…
I am frequently asked by clients to help them develop…
When Congress passed the Affordable Care Act (ACA) in 2010…
Peter J. Scalise
On October 3, 2016, the IRS issued Final Treasury Regulations setting forth guidance on research and development efforts in connection to Internal Use Software (IUS) for purposes of claiming the...
MOREIn this information age, identity theft is no longer something…
Tax Resolution is a fascinating way to expand your firm…
Chairman of the AICPA Tax Section’s Tax Executive Committee, Troy…
The need for CPA reviews may explode when Jumpstart Our…
The dawn of a new year brings a fresh opportunity…
Here are three quick tips and tricks to help tax…
The nuisance of online machine-generated advertising has recently been exceeded…
WASHINGTON — The Internal Revenue Service today announced the availability…
Cathy Kearney, an accountant in the Irish city of Cork…
Martin M. Shenkman, CPA, MBA, PFS, AEP, JD
Aging clients are growing in number and practitioners should address their needs. Consider the Six Following Facts: 1 By 2050 the population aged 65 is projected to be 83.7 million. This represents...
MOREAn individual income tax return can be a treasure trove…
Donald Trump won the Presidency and the Republicans control both…
Funding Irrevocable Trust with Family or Closely Held LLC Interests LLCs…
√ MULTI-GENERATION CRT Blended families are common, perhaps the norm (only…
CPA practices, large and small, should retool to capitalize on…
Limited liability companies (LLCs) are ubiquitous in client planning. The…
As the presidential election is less than six months away…
The income tax is the new estate tax. With a…
√ Surtax/Kiddie Tax Planning The 3.8% Surtax may be avoided by…