Blog Articles & Video Accounting

There are many times when a passive foreign investment company (PFIC) investment is made unknowingly and the tax consequences can be adverse. Certain elections should be considered that can lessen the tax implications, but it can be difficult obtaining the financial information necessary to determine whether or not the investment

A new Tax Court(Gaston, TC Memo 2021-107, 9/2/21) case found that clients may be able to deduct expenses relating to acting, even if they’re not the next Streep or DiCaprio. The tax difference in the new case is critical. If you incur legitimate business expenses, they can offset taxable income,

As hot as the latest TikTok trend, ESG (which stands for environmental, social, and governance) is the acronym on everyone’s lips, so what’s in it for CPAs? With ever-increasing stakeholder pressure, more organizations in the United States are reporting on ESG data, and the requisite assurance over ESG disclosures presents

In a perfect world, every aspect of your business, from your elevator pitch to your website, would connect with customers who need you most and are willing to pay for your services. Yet, identifying and speaking directly to your ideal client is not always easy. CPAs are numbers people, so they

ADP has added robust analysis tools to its Accountant Connect platform to help accountants and advisors provide their clients with key employee insights using payroll data available in ADP DataCloud. The purpose of the cloud-based, mobile-friendly Accountant Connect portal is to provide quick, secure access to authorized ADP business clients’

While succession planning in CPA firms has received a lot of attention – even to the level of anxiety – for a very long time, not enough firms have figured it all out. In fact, according to the 2020 Rosenberg Survey, only a little more than half of the firms

In this article, we will explore some of what you need to know now about Qualified Opportunity Zones(QOZs), which arose with the not-so-distant 2017 Tax Cuts and Jobs Act.  First off, the goal of QOZs is to encourage investments in designated economic areas. The tax incentive encourages reinvestment of short-term