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Recent updates and the latest guidance for the CPA Profession

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The Four Dimensions of K-1 Aggregation: A Federal Overview

The Four Dimensions of K-1 Aggregation: A Federal Overview

Thomson Reuters | September 04, 2020

The current practice of K-1 reporting has led to significant complexity and risk associated with federal, state, and international reporting requirements. This includes many that......

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A Smooth Transition Into Remote Auditing

A Smooth Transition Into Remote Auditing

Thomson Reuters | August 24, 2020

In a time where most firms are now forced to perform their audits remote, Mark Edmondson, President and CEO of Thomson Reuter’s partner, Inflo, reached......

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Five Ways To Grow Your Tax Practice

Five Ways To Grow Your Tax Practice

CPAdirectory | July 30, 2020

Accounting professionals, you have the ability to do a whole lot more than just accounting! You and your business are not confined to tax season......

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The IRS Responds to 5 Common Myths About Tax Refunds

The IRS Responds to 5 Common Myths About Tax Refunds

CPAdirectory | July 23, 2020

On July 16, 2020, exactly one day after the tax filing and payment deadline, the IRS reminds Americans that “there is no secret way to......

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The Tax Deadline Will Remain July 15 Unless You Apply For An Extension

The Tax Deadline Will Remain July 15 Unless You Apply For An Extension

CPAdirectory | July 02, 2020

On June 29, 2020 the IRS and the Department of Treasury announced, “the tax filing and payment deadline of July 15 will not be postponed.”  As......

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IRS Requires Disclosure of Cryptocurrency Transactions on Taxes

IRS Requires Disclosure of Cryptocurrency Transactions on Taxes

TokenTax | June 11, 2020

The IRS is increasing crypto reporting requirements and scrutiny. In mid-2019, the Internal Revenue Service (IRS) sent crypto tax letters to potential Bitcoin and other cryptocurrency......

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Important Updates: Paycheck Protection Program

Important Updates: Paycheck Protection Program

CPAdirectory | June 04, 2020

The past few months have been tough on small businesses across the country. Fortunately, the Paycheck Protection Program (PPP) under the CARES Act is still......

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Confidence for a Dynamic Future: What’s Next?

Confidence for a Dynamic Future: What’s Next?

Thomson Reuters | June 02, 2020

The COVID-19 pandemic has brought major disruptions to nearly every aspect of life, with further impacts yet to be felt. For tax and accounting firms,......

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How Accountants Work From Home Successfully

How Accountants Work From Home Successfully

Thomson Reuters | May 26, 2020

Can accountants work from home?The short answer: Yes!Remote tax and accounting work is on the rise. Even before the COVID-19 pandemic, CPA firms had begun......

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IRS Provides Phone Number To Call Regarding Stimulus Checks

IRS Provides Phone Number To Call Regarding Stimulus Checks

CPAdirectory | May 26, 2020

On May 18, 2020 the IRS announced that it would be adding telephone services to support answering questions regarding Economic Impact Payments (Stimulus Checks).This is......

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