IRS updates mileage rates for 2020

The Internal Revenue Service issued the 2020 optional standard mileage rates that taxpayers and tax professionals can use to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

IRS updates mileage rates for 2020


Boomer’s Blueprint: The evolution of partner value

The seven characteristics of a strong firm compensation plan.

Boomer’s Blueprint: The evolution of partner value


Your 2020 to-do list

A starter pack of 12 tasks to help accounting firm leaders work on their businesses, instead of just in them.

Your 2020 to-do list


H&R Block again puts virtual prep in Walmart

Customers can upload their documents and get matched with a tax pro.

H&R Block again puts virtual prep in Walmart


The Top 100 People: Overcoming obstacles

Leaders in the accounting profession share some of the challenges they’ve met and overcome in their careers.

The Top 100 People: Overcoming obstacles


Succession planning for wealth management

Everyone benefits from a well-thought-out plan, including staff and clients.

Succession planning for wealth management


IRS updates Free File agreement to make free tax-filing software easier to access

The Internal Revenue Service has signed a new agreement with Free File, Inc., formerly known as the Free File Alliance, after controversy erupted during tax season this year over the difficulty of finding free versions of consumer tax filing software like TurboTax.

IRS updates Free File agreement to make free tax-filing software easier to access


Richly deserved? Preparers discuss the wealth tax

Tax pros share what they and their clients think about the proposed tax on the rich.

Richly deserved? Preparers discuss the wealth tax


AICPA offers practice aid for accounting for digital assets

The American Institute of CPAs’ Digital Assets Working Group has released a practice aid to offer guidance on how to account for and audit digital assets such as Bitcoin and other forms of cryptocurrency.

AICPA offers practice aid for accounting for digital assets


SEC proposes to relax long-standing auditor independence rules

The Securities and Exchange Commission is proposing a set of amendments to the auditor independence rules that have been in place since the early 2000s, allowing firms more leeway in determining conflicts of interest and shortening the lookback period for clients planning to go public.

SEC proposes to relax long-standing auditor independence rules