Times have changed; professional standards should, too

By Henry J. Grzes, CPA

Editor: Sally P. Schreiber, J.D.

Tax practitioners have seen shifts in the way they do business during the last decade. As a result, the standards practitioners rely on to govern the profession's methods and practices must also change. The AICPA's SSTS Revision Task Force is reviewing and revising its Statements on Standards for Tax Services (SSTS), which are available at www.aicpa.org, to reflect the new ways tax practitioners work and is looking for insights into where practitioners think the future of tax will lead. If you have a comment or suggestion on how we can best update the SSTS, please contact Henry Grzes at Henry.Grzes@aicpa-cima.com. We look forward to working with you.

Newsletter Articles

TAX REFORM

Traps for the unwary: Tax Cuts and Jobs Act changes

By now many of us are familiar with the various provisions of the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97. Here is a list of changes together with (perhaps) unexpected nuances.

DEDUCTIONS

Qualified business income deduction regs. and other guidance issued

The package includes final regulations, guidance on how to calculate W-2 wages, a safe-harbor rule for rental real estate businesses, and new proposed rules on the treatment of previously suspended losses.