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#IRS
has provided interim guidance clarifying how the suspension of the personal exemption deduction in Code Sec. 151(d)(5) applies to certain rules under Code Sec. 36B and Code Sec. 6011. More info here:
Many tax & accounting professionals are faced with the same challenge — what to do prior to tax season to prepare for the Tax Cuts and Jobs Act and related client inquiries and conversations.
#TaxReform
can be a catalyst for growth. See how:
#TCJA
Stay on top of changes in the world of
#tax
,
#accounting
, and
#audit
- subscribe to Checkpoint Daily Newsstand to get all the latest news delivered to your inbox each weekday:
Is
#audit
talent in short supply at your firm? Learn about factors contributing to the shortage and how to attract and retain star performers in this new white paper.
24% of small business owners said they are not at all familiar with the
#TCJA
. Help educate your clients using our complimentary, in-depth TCJA toolkit:
The top 3% of U.S. taxpayers paid 50% of income taxes in 2016. In fiscal year 2018, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues:
Beginning in the 2018 tax year, the
#TCJA
repeals alternative minimum tax (
#AMT
) for corporate
#taxpayers
but retains and temporarily eases the impact of AMT for individual taxpayers. How your clients should address AMT changes:
Email subject line perfection remains a mystery to the masses, but that doesn't mean there aren't tips and tricks to make your subject lines more effective. Subject line best practices and real examples that work well:
How do you differentiate your
#firm
from the others looking for new
#prospect
attention? Developing or adding your firm's
#marketing
personality can make the world's difference:
Whether you've written
#blog
posts or articles for your email or print newsletters, you've ran into some form of writer's block. 12 tips to help you overcome writer's block:
The
#FASB
published an update to U.S.
#GAAP
to address financial reporting questions about some types of joint ventures, expecting to affect the pharmaceutical and biotechnology industries:
In a news release,
#IRS
has cautioned those wishing to make charitable contributions to aid Hurricane Florence victims to avoid the scams that often follow major disasters:
Build a solid foundation for your tax research with the Checkpoint Learning Tax Research Certificate Program™ while earning approximately 20 hours of CPE credit. Learn more:
Businesses are increasingly concerned about the impact of an escalating trade war. Explore
@BPeccarelli
's latest piece in
@Forbes
to learn how companies are attempting to insulate themselves from these adverse effects:
#TCJA
made many changes to the U.S. Tax Code, among the entities most dramatically impacted were partnerships and S corporations. Learn of these changes in this self-study course and earn 3
#CPE
credits:
Public company
#auditors
remain the group investors trust most to protect their interests, but confidence in U.S. market dropped over the past year, according to a Center for Audit Quality (CAQ) survey released Tuesday:
#IRS
has clarified business taxpayers who make business-related payments to charities or government entities for which the taxpayers receive
#SALT
credits can continue to deduct the payments as business expenses:
A trade group representing large U.S. banks on October 17, 2018, requested that financial regulators delay the biggest change to bank accounting in decades or risk imperiling the financial system:
Join us 9/19 to understand what you and your
#clients
need to do to comply to the changes made by the South Dakota v. Wayfair ruling made recently and earn 2
#CPE
credits:
#IRS
has updated two lists of countries with which the U.S. has in effect an agreement that requires payors to report certain deposit interest paid to nonresident alien individuals who are residents of the other country:
More people in the world are connected to the web than have a toothbrush. 52% of web pages are viewed on smartphones. What does technology mean to the
#accounting
profession?
#SYNERGYTaxPros
#synergy2018
#IRS
, the Department of Labor Department, and the Department of Health and Human Services have issued proposed regs that would allow integrating
#HRAs
and other account-based group plans with individual health insurance coverage:
Introducing the Checkpoint Presents: State of
#SALT
#podcast
series, where we discuss the latest hot topics in state and local
#tax
each month. Hear the first episode here:
The U.S. is back on top as the most competitive country in the world, regaining the No. 1 spot for the first time since 2008 in an index produced by the World Economic Forum:
#Tax
professionals are required to be knowledgeable about a wide range of topics, and if they aren't, can cost time, money, and
#client
confidence. Gain the expertise you need with the variety of Checkpoint Learning Certificate Programs available:
Do your
#millennial
#clients
know enough about their finances? Only 17% of respondents (ages 25-40) answered all five basic financial literacy questions asked from a new nationwide survey released earlier this week:
Are you confident in your tax research? Build a solid foundation for your research while earning 20 hours of
#CPE
credit with Checkpoint Learning's tax research certificate program:
Is your
#firm
and its
#clients
ready for the
#TCJA
challenges lying ahead in the 2018 tax season? Join us 10/23 to learn of which conversations you should be having with your
#clients
before starting your work on tax year 2018:
Hurricanes Florence, Isaac and Olivia currently threaten several areas of the U.S., but most small businesses don't have a plan for if the storms affect them:
As an
#accounting
professional, you should be familiar with what
#cryptocurrencies
are and why they matter to your
#clients
. The 6 things your clients need to know about cryptocurrencies:
Not sure if
#payroll
is a necessary service for your firm to provide to
#clients
? Join us on 9/27 for this free webcast and learn the business case for payroll as an offering.
If you haven't established security practices to protect your clients' data, that failure could result in an investigation by the
#FTC
. What to consider when stepping up your security:
Generation Y is now the largest segment of America's labor force - how you and your
#firm
can best tap into the
#millennial
mindset to attract and leverage their talents:
Small and mid-sized businesses are more vulnerable to fraud than larger organizations, and the effects can be more damaging. 10 steps to avoid business and employee fraud:
According to new data published, organizations in the professional services industry have the highest percentage of expensed dollars rejected prior to reimbursement:
How does
#TCJA
cover both personal and business taxation? Get practical guidance from Thomson Reuters experts, Q&A, and 12
#CPE
credits when you take part of our ongoing 'Understanding The Tax Cuts and Jobs Act' virtual conference 11/13-11/14:
Business executives' outlook on the U.S. economy fell sharply in the past quarter, but they continue to hold strongly positive views of their own companies' prospects:
Taxpayers meeting certain requirements may claim an income
#tax
deduction of 20% of their “qualified business income” from a partnership, S corporation, or sole proprietorship. Here are some planning ideas for taxpayers who may qualify for the deduction:
October is
#CyberSecMonth
- is your
#firm
doing its part to protect
#clients
from hacking, phishing, and
#tax
fraud? Stay ahead of cyber threats with multi-factor authentication (MFA):
#IRS
has posted an FAQ and Treasury Secretary Stephen Mnuchin has also issued a statement as a follow up to IR 2018-178 issued on 9/5 around businesses making payments to charitable or government entities in exchange for
#SALT
credits:
It's hard for
#consumers
to be interested in messages about products and services when they're in "ignore" mode so how do we get through to earn new business?
AICPA's Personal Financial Satisfaction Index (PFSi) reached the highest point in its 25-year history at a value of 32 in the Q3 2018, a 10.7% increase from Q2:
The
#audit
profession is changing so rapidly that “keeping up” just isn’t enough to make your firm competitive anymore. See how you can successfully meet professional standards and exceed client expectations in this free webcast on 7/17, from 2-3 PM ET:
Analyze the issues related to the life cycle of an S-corporation and get insight to the Tax Cuts and Jobs Act provisions that impact S-corporations in this "A to Z" full-day
#webinar
9/12 and earn 8
#CPE
credits:
Looking for an
#accounting
update? Join us 11/6 for a full-day
#webinar
containing everything you need to know to be up-to-date on this year's accounting and auditing activities and earn 8
#CPE
credits:
Unfamiliar with
#compensation
concerns? Learn how to recognize compensation in different forms, identify risk factors, and determine policies, and procedures to properly report compensation in this new self-study
#course
and earn 2
#CPE
:
#IRS
has updated (Q&As) regarding transition
#tax
on its website, providing guidance on “transfer agreements” as it relates to Code Sec. 965(h) and Code Sec. 965(i):
Victims of recent severe storms and flooding in numerous states have more time to make
#tax
payments and file returns if they are affected taxpayers. More info here:
A second round of Republican tax cuts would add an additional $3.2 trillion to the federal deficit over a decade, according to a new report released by a centrist think-tank:
Do you often find yourself researching whether or not you face a potential independence issue? Join us 9/14 as we review the current guidance governing independence under the
#AICPA
Code of Professional Conduct Codification and earn 2
#CPE
credits:
In today's world of work, work-life balance can be hard to attain. Learn time management tips and work-life balance tips to enhance your productivity and overall well-being in this new self-study course and earn your CPE:
It's time for another federal
#tax
update! Join us 11/29 in this full-day
#webinar
and get the latest developments and full coverage of all new federal taxation legislation,
#IRS
pronouncements, and judicial decisions issued during the past 12-18 months.
#IRS
, Department of Health and Human Services (HHS), and Department of Labor finalize the final interim regs on the coverage of certain preventive services under the
#ACA
:
Code Sec. 166(a)(1) allows a deduction for a debt which becomes worthless within the tax year. However, under Code Sec. 271, this deduction is not allowed for worthlessness of any
#debt
that is owed by a political party:
National Taxpayer Advocate (NTA) says that
#IRS
is improperly applying its First Time Abatement (FTA) program by prioritizing that program over reasonable cause provisions with respect to various penalties:
Did you know Checkpoint Learning offers in-house training? Select from 50+
#seminar
titles OR build your own
#training
day unique to your organization's needs. Learn more:
National Tax Advocate (NTA) expressed dissatisfaction with the fact that
#IRS
does not send notices of revocation to taxpayer representatives whose power of
#attorney
is on file with IRS:
Each year, billions of dollars are offered through
#tax
credits and incentives, but often go unused due to their complex and frequently changing nature. Get a better idea of how tax professionals are taking advantage for their
#clients
or business:
The House is scheduled this week to consider the “Save American Workers Act of 2018. If passed, it would retroactively suspend the employer mandate under the
#ACA
from 2015 through 2018. More info here:
#IRS
has issued proposed regs that would reduce or defer certain withholding, etc. requirements under the Foreign Account tax Compliance Act (FATCA) and Chapter 3 of the Code:
Proposed regs and an accompanying News Release issued by
#IRS
provides rules on the availability of charitable contribution deductions when a taxpayer receives or expects to receive a corresponding state or local
#tax
credit:
There may not be a secret sauce for the perfect
#email
#marketing
subject line, but here are a few (visual) tips and tricks when it comes to writing them:
Get your yearly individual
#tax
update with this self-study
#course
and get 8
#CPE
credits. Updated for the relevant 2017 provisions of the Tax Cuts and Jobs Act. Register here:
#SYNERGYTaxPros
don't miss your chance to watch Jon Baron’s SYNERGY keynote address live streaming from Orlando, on Nov. 8th, at 8 a.m. ET. Join us as Jon discusses the state of
#tax
and
#accounting
and what the future holds for the profession:
Practitioners and state officials from across the country recently gathered at the 25th Annual Paul J. Hartman State and Local Tax Forum, where the U.S. Supreme Court’s landmark South Dakota v. Wayfair 1 decision was a hotly debated topic:
In order to best plan, manage and track each of your firm's
#marketing
efforts, you're going to want to consider editorial calendars. Tips on how to utilize editorial calendars to organize your marketing efforts:
The
#SEC
is proposing a clarifying amendment to the exemption provisions of the broker-dealer annual reporting rule under the Securities Exchange Act of 1934.