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The Internal Revenue Service (IRS), Department of Labor (DOL), and Pension Benefit Guaranty Corporation (PBGC) have jointly issued proposed revisions to the Form 5500 Series of annual returns, reports and
It is not at all unusual for individual taxpayers to work to reduce their tax liabilities by donating to charity used personal items such as furniture, clothing and household goods
The GYF ERP Solutions Group has been recognized as NetSuite’s Value-Added Reseller (VAR) of the Month and is featured in Accounting Today. As a NetSuite partner since the beginning of
Click here to view the entire SMC Government Newsletter, from which this is excerpted Action Steps Taken by SMC and Members on Priority Issues; Follow-up with the Pennsylvania Department of
In an important recent case on reasonable compensation, H.W. Johnson, Inc., T.C Memo 2016-95 (Tax Ct.), the Tax Court found for the Taxpayer. The Taxpayer, a concrete contracting business, was
In an important recent case on reasonable compensation, the Tax Court found for the taxpayer. As is always the case in such circumstances, review of the case can provide valuable
Jeff Ford has been elected to serve as the North American Audit Practice Chair for Geneva Group International (GGI). GGI is the world’s sixth largest organization of independent accounting law
Congress has taken significant steps to ensure that worldwide taxable income subject to United States taxation is properly reported. A major part of that effort is predicated upon collecting information
The long-awaited new FASB standard on lease accounting was issued in February 2016. ASU 2016-02 aims to ensure greater transparency in the financial reporting of leases. It becomes effective in
FASB ASU 2105-17 requires all deferred tax assets and liabilities to be classified as noncurrent on an entity’s balance sheet. This ASU becomes effective in 2016 for public companies and
Learn more about this favorable tax provision that was made permanent by the PATH Act. Older Americans can make tax-free qualified charitable distributions from their IRAs. Read the article from
House Representative and Small Business Committee Chairman Steve Chabot, R-Ohio, announced late last week that he will cosponsor the Promotion and Expansion of Private Employee Ownership Bill of 2015 HR
