Tag: Tax

Tax vs Audit: How to Choose a Career Path

In accounting, your career could go in many different directions, but most of your choices will fall under tax or audit. So which track is right for you? It really is all about the right fit – which one better accommodates your lifestyle and career goals? What’s going to make you happy?...


Here's What You Should Know About the Latest International Tax Guidance

Summertime is often associated with long vacations, lazy days, and afternoons by the pool sipping lemonade. This summer, however, has been anything but relaxing for the folks working at the Treasury Department and IRS. These organizations continue to issue the necessary guidance related to the...


Understanding the Tax Implications of the Legal Marijuana Industry

The legal marijuana industry is growing – and fast! As of 2019, 11 U.S. states and Washington, DC, have legalized marijuana for recreational use. The number of states that allow medicinal use of the drug is also steadily growing. As the legal marijuana industry grows, there is also a growing need...


The Joint Committee on Taxation Publishes Data on New BEAT Provision

The Tax Cuts and Jobs Act added a new provision to the Internal Revenue Code called the “Base Erosion and Anti-abuse Tax” (BEAT). In April 2019, the Joint Committee on Taxation (JCT) published a report that offers insight into the number of corporations that will be impacted by the BEAT...


Joint Committee on Taxation Publishes Distributional Effects of TCJA

The Joint Committee on Taxation (JCT) recently published a series of documents tied to the Tax Cuts and Jobs Act. One of the documents receiving a great deal of attention is the “Distributional Effects of Public Law 115-97.” The document provides distributional tables and analysis of the Tax...


Recent Tax Changes to Keep in Mind For 2019

Now that tax season is over, it is important to look at some recent tax changes that affect compliance and planning for 2019.  These changes have been brought about by the Tax Cuts and Jobs Act (TCJA), new regulations, revenue procedures, notices, and other rulings. Medical deduction: The...