Practice Management

Replacing your ‘how’ with a ‘why’ approach to PFP services

You must know why your clients are seeking your advice before building a financial plan that fits their needs.

It’s a tough year for year-end tax planning

Advisers face the difficult task of helping clients plan for next year without knowing for certain which party will control the Senate.

Building on Compliance: The Evolution of Tax Services

Members of the public also recognize a CPA’s role as a trusted adviser for all their financial needs.

Tax Insider Articles

Tax Clinic

Business property taxes: COVID-19’s effect on valuation

How banks that make SBA loans are taxed on their fees

Navigating the new Schedules K-2 and K-3

Practitioners’ role in the continuing evolution of Circular 230

DEDUCTIONS

Business meal deductions after the TCJA

This article discusses the history of the deduction of business meal expenses and the new rules under the TCJA and the regulations and provides a framework for documenting and substantiating the deduction.

TAX RELIEF

Quirks spurred by COVID-19 tax relief

This article discusses some procedural and administrative quirks that have emerged with the new tax legislative, regulatory, and procedural guidance related to COVID-19.

Magazine