This tax break for the poor is actually a big win for Goldman Sachs

Thanks to the new TCJA, the bank’s deals could become a lot more lucrative.


ICPAS’ Shapiro: The best reason to change is because you haven’t

Accountants need to be disrupters — or they’ll be disrupted, according to the head of the Illinois CPA Society.


IRS short-circuits SALT deduction charitable workarounds to new tax law, but leaves others open for now

The Internal Revenue Service and the Treasury Department are following up on their threat to forestall attempts by states to get around the $10,000 limit in the Tax Cuts and Jobs Act on deductions of state and local taxes by setting up state-run charitable contribution funds.


MSCPA launches accounting 'college academy' for high schoolers

The Massachusetts Society of CPAs is offering students at Haverhill High School up to 12 college credits via the University of Massachusetts—Lowell in an effort to attract more young and diverse talent to the profession.


IRS to propose rules about new $500 non-child dependent tax credit

The Internal Revenue Service and the Treasury Department published a notice Tuesday saying they intend to issue proposed regulations clarifying who is a qualifying relative for the new $500 credit for dependents and head of household filing status for years in which the exemption amount is zero for tax years 2018 through 2025.


In the blogs: SALT in the wound

China and children; memories of McCain; building a practice’s brand; and other highlights from our favorite tax bloggers.


As APAC’s boom continues, are businesses ready for expansion?

U.S. businesses face great risk in expansion to APAC without securing local knowledge and expertise to help comply with the region’s complex tax and compliance regulatory framework.


Strip out Trump tax cut and S&P 500 profits are still surging

Make no mistake, even without the juice the profit picture would look better than it has in years.


Delaware governor signs law regulating tax preparers

The Taxpayer Protection Act requires tax preparers to use their PTIN to file a state return and it will be used to stop bad preparers.


Corporate America is on a roll with best profit gain since 2014, thanks to tax cuts

Bullish, for now. That’s the takeaway from second-quarter earnings.