Proposed regulations would allow partnerships and S corporations to exceed the $10,000 limit on state and local tax deductions imposed by the Tax Cuts and Jobs Act.
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Upcoming Events
Daily Briefing
November 12, 2020
Upcoming Events November 12, 2020
Daily Briefing
IRS allows some businesses to skirt cap on state and local tax deductions
By Michael Cohn      2 min read
Proposed regulations would allow partnerships and S corporations to exceed the $10,000 limit on state and local tax deductions imposed by the Tax Cuts and Jobs Act.
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NetSuite debuts SuiteAccountants program
By Ranica Arrowsmith      1 min read
The program will provide accountants with free access to NetSuite licensing and training courses, and more.
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PCAOB adjusts plans for coronavirus
By Michael Cohn      8 min read
The board has been making changes to its strategic plans and agenda in response to the pandemic as it sees auditors doing more work remotely.
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The PC market thrives, and other tech stories you may have missed
By Gene Marks
Are ransomware hackers the 21st century Robin Hood? Plus nine other developments in technology from this past month, and how they’ll impact your clients and your firm.
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Women less likely to feel fairly comped for WFH expenses
By Michael Cohn      3 min read
The percentage of workers asking for compensation for work-from-home expenses with their employers hasn’t gone up significantly since the outbreak of COVID-19.
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Want your firm to remain independent? Get bigger, stronger and better
By Dom Esposito      4 min read
While conventional wisdom tells us that bigger isn't better, that’s plain and simple nonsense when it comes to midsized CPA firms and a convenient excuse for less-than-stellar-growth.
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AICPA announces partnership with Institute of Chartered Accountants of Jamaica
By Sean McCabe      1 min read
The first-of-its-kind agreement will help the island nation create a pipeline of future-ready professionals.
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Receipt Bank now available for QuickBooks Desktop via Right Networks
By Ranica Arrowsmith      1 min read
Receipt Bank has released its QuickBooks Desktop integration to the Right Networks Application Ecosystem.
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Kavanaugh, Roberts signal inclination to keep Obamacare alive
By Greg Stohr, Lydia Wheeler and Kimberly Robinson      4 min read
Two key U.S. Supreme Court justices indicated they are inclined to uphold the bulk of the Affordable Care Act as the court weighed the fate of a landmark law that provides health-insurance to 20 million people.
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NASBA: Bouncing back from the pandemic
By Daniel Hood      2 min read
The association’s annual report details a difficult year.
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A framework to understand the extent of your allowance build
An analysis on whether banks will keep building, maintain, or start releasing CECL allowance into Q3.
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Cash is still king: 4 ways to bolster your bottom line
As businesses have now adapted to the “new normal” and are looking ahead to the new year, the focus returns to the bottom line – do we have enough cash to accomplish our objectives, and what can we do now to help ensure our long term success?
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