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IRS Security Checklist #5: Create a Data Theft Recovery Plan
Tax professionals are being advised by the IRS that they should report data theft immediately and follow an established process for helping the IRS protect their clients.
Tax professionals are being advised by the IRS that they should report data theft immediately and follow an established process for helping the IRS protect their clients.
The AICPA stated in its letter to the IRS, “Failure to apply section 481(d) to QSubs owned by an eligible terminated S corporation effectively means that section 481(d) will apply only to S corporations to the extent that their operations are not ...
Larry Furr has joined the cloud-based accounting firm practice management maker Canopy as vice president of product. A seasoned product executive, Furr’s responsibilities will include overseeing the strategy, management, and design of Canopy’s suite of products and charting Canopy’s product roadmap. Furr brings nearly two decades of product strategy and development experience to Canopy. He […]
The likelihood of increasing retirement contributions was consistent among those between the ages of 23-64, with older Millennials (ages 30-38) the most likely to say so. Among workers ages 65+, the tendency to have decreased retirement contributions ...c
The AICPA is seeking feedback on the issues discussed in this paper and would like to hear from those with practical experience in such attestation engagements, including preparers of subject matter presentations, practitioners performing ...
Section 199A can be a gold mine for owners of pass-through entities and sole proprietors. Thanks to this provision authorized by the Tax Cuts and Jobs Act (TCJA), a qualified taxpayer can annually deduct up to 20% of its qualified business income (QBI), effective for 2018 through 2025. But the TCJA deduction is fraught with […]
Now U.S.-based farms and ranches that use Xero will have access to payroll, HR and benefits that meet all their needs, including automated filing of Form 943 and payroll processing for H-2A visa workers.
Business email compromise (BEC) is a top tactic for external attacks, impacting over half of the survey respondents, up from 46% in 2017. Wire transfers are still the most common target for BEC scams, probably because they’re usually one-off requests...