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The following content is excerpted from a NetSuite blog post, Five Tell-Tale Signs Your Business Has Outgrown Its Accounting Software If you rely on a basic accounting package to run
President Trump has signed the Taxpayer First Act of 2019 (H.R. 3151), which alters the management and oversight of the Internal Revenue Service (IRS) with the aim of improving customer
According to a recent survey, many companies are behind in their preparations for ASC 842/IFRS 16. Read this NetSuite blog post to learn more. Find out how you compare with
At the SuiteWorld19 conference, Chris Whitfield, CFO of MANA Nutrition, talked about how he uses his background in for-profit companies at his newest position in the not-for-profit industry. He stressed
The new FASB lease accounting standard ASC 842 is already in effect for public companies with a calendar year-end. Private companies with a calendar year-end must comply with the new
The Internal Revenue Service recently released its 2018 Data Book, which summarizes that agency’s operating activity for fiscal-year 2018 (October 1, 2017 through September 30, 2018). Always interesting, the Book
An occasionally-discussed income tax concept relating to capital gains is being revived by the top-ranking Democrat on the Senate Finance Committee, Oregon Senator Ron Wyden. Wyden is proposing that certain
This week a bipartisan measure was passed by House Ways and Means Committee members. The bill includes measures designed to protect taxpayers from unfair practices and improve Internal Revenue Service
On March 21, 2019, the U.S. Court of Appeals upheld a ruling that Wilmington Trust NA, (Wilmington Trust) a “premier provider of wealth and institutional client services for M&T Bank,”
Historically, individual taxpayers have been allowed an itemized income tax deduction for one hundred (100) percent of all state and local income taxes paid in a calendar year. The amounts
One of the most discussed provisions of the Tax Cuts and Jobs Act (TCJA), which was enacted in December 2017, is the addition of the Qualified Business Income (QBI) deduction
As April 15th (the annual D-Day for U.S. taxpayers) is rapidly approaching, confusion still exists as to how to properly substantiate a donation or charitable contribution to a qualifying tax-exempt
