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This week we look at: • Rentals and the Safe Harbor IRS releases final version of §199A rental safe harbor • Special per diem rates that take effect on October 1, 2019 released • Tax Court does not accept imprisonment and lack of access to what might be deductible expense documentation as reasonable cause for late filing. Continue Reading
WASHINGTON, DC – Today the U.S. Department of Labor announced a final rule to make 1.3 million American workers eligible for overtime pay under the Fair Labor Standards Act (FLSA). Continue Reading
Congratulations to Kami Nicks for winning the Yaeger CPA Review scholarship drawing this year. Continue Reading
This week's topic: How often should we evaluate an employee's performance? Continue Reading
The DOR is seeking input from taxpayers and tax preparers on the administrative rules for Oregon's new Corporate Activity Tax (CAT). Continue Reading
Developing and demonstrating strategic thinking skills are very different challenges. Continue Reading
Quite naturally, many organizations over-rate the quality of their enterprise and corporate performance management (EPM/CPM) practices and systems. In reality they lack comprehensiveness and integration. Continue Reading
This week's topic: Zombie Power of Attorney • IRS releases final and new proposed regulations on §168(k) bonus depreciation • Settlement offer to be sent to 200 taxpayers under exam for microcaptive structures • Government shutdown causes IRS to lose ability to extend statute taxpayer had already agreed to extend • Power of attorney not used by son nevertheless left him authorized to act for father, barring claim for extended statute • CPA ordered to turn over tax returns of client based on two factor test Continue Reading
To increase profit, most CFOs focus on cutting cost. Learning how to avoid pricing mistakes could be a far more effective path to improving the bottom line. Continue Reading
This week's topic: Shut Out the Noise...and Listen Continue Reading