Featured News
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Free up time by automating back-office tasks
The thought of automating tasks with software can be intimidating to some; however, automating three tasks right now can free your time for higher level work.
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Why client board and partnership meetings matter
For CPAs who serve small to midsize clients, it’s almost always worthwhile to be a part of client board or partnership meetings.
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TCJA and changes to simple trust taxation
An overlooked impact of the 2017 tax reform act has resulted in many simple trusts having a tax liability on ordinary income, which was rarely the case prior to the act.
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IRS clarifies bonus depreciation treatment
The IRS finalized regulations proposed in August 2018 and issued new proposed regulations governing the 100% bonus depreciation deduction under Sec. 168(k).
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Safe harbor gives rental R.E. businesses the QBI deduction
A new revenue procedure from IRS offers a safe harbor for taxpayers with a rental real estate enterprise so they can claim the qualified business income deduction under Sec. 199-A.
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Proposed relief for tax-exempt organizations
The IRS has proposed regulations to clarify the reporting requirements that are generally applicable to certain tax-exempt organizations.
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Wisconsin DOR publishes interactive data visualizations
The Wisconsin Department of Revenue (DOR) has published on its website a list of informational and statistical reports relating to the Wisconsin economy and the state and local tax system.
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September 2019 Wisconsin Economic Outlook
The U.S. and Wisconsin economies continue to grow despite some uncertainties clouding the forecast, according to the Department of Revenue’s September 2019 Wisconsin Economic Outlook.
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House passes PCAOB whistleblower protection bill
The U.S. House of Representatives voted to approve legislation that would provide whistleblower protection to accountants, auditors and others who know of accounting fraud.
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Know and avoid M&A deal killers
A variety of circumstances can kill a merger or acquisition, and both basic and advanced mistakes are applicable to the CPA in public accounting or in industry.