Month: September 2018

Our CPA Exam Story: Husband and Wife Duo Follow Different Paths for their CPA Journey

Ben Angelo and his wife, Tina, both have a passion for accounting and knew that becoming CPAs would bring plenty of opportunities to their family. Despite their similar goals, their approaches to studying for the CPA exam were very different. Read more about Ben and Tina’s CPA study journeys...


GAO Issues Revised Yellow Book Standards…Finally!!!

Revised standards issued July 17, 2018 by the U.S. Government Accountability Office (GAO) are designed to provide a framework for high-quality governmental audits, which include audits of government entities and entities receiving government awards. Also known as the “Yellow Book,” the...


The New Limitation on Interest Expense

In April 2018, the Treasury Department and IRS issued Notice 2018-28, which provides guidance to taxpayers for complying with the new rules under section 163(j) that limit deductions for interest expense. Notice 2018-28 (the Notice) states that the Treasury Department and IRS will be issuing...