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

Inflation Reduction Act includes 15% corporate minimum tax on book income

Private foundations’ distributions to and from nonpublic charities

Supporting organization loses tax-exempt status

Sec. 987 foreign currency regulations applicability date extended again

The Inflation Reduction Act’s energy- and climate-related tax provisions

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