10 lessons to prepare your firm for the future

In the current environment, the ability of any accounting firm to continue and lead in the market lies in the ability to be creative and innovative.


It’s National Download Day — a look at popular accounting apps

Building a cohesive suite of apps for your accounting practice can save a lot of time and automate much of an office’s workflow.


Tax-free withdrawals from a retirement plan for a disability

People want to know if there is anything that can be done for pre-retirement medical expenses. The answer is yes.


IRS provides safe harbors related to the SALT deduction

The Internal Revenue Service is offering business taxpayers some breaks related to the state and local tax deduction that was limited under the Tax Cuts and Jobs Act.


IRS finalizes rules for centralized partnership audit regime

The Internal Revenue Service has issued final regulations implementing the centralized partnership regime, allowing the IRS to audit large partnerships, such as hedge funds and private equity firms, more easily.


The art of the deal: An M&A transaction

For every merger that is consummated, at least two die at the altar.


Wolters Kluwer teams with OpenSesame on CPE

Wolters Kluwer Tax & Accounting is partnering with an online learning provider, OpenSesame, to distribute more than 500 self-study courses from the CCH CPELink catalog to OpenLink customers.


Goodwill impairment on the rise

The total amount of goodwill impairment recorded by U.S. public companies climbed 23 percent last year, reaching $35.1 billion.


Investors favor SOX 404(b) audit rule, says study

Section 404(b) of the Sarbanes-Oxley Act of 2002, which requires public companies to undergo annual audits of the adequacy of their internal controls over financial reporting, appears to be supported by investors who want newly acquired companies to be audited as well, according to a new study.


Common depreciation missteps and misconceptions: Qualified leasehold improvements

The good news is that under the Tax Cuts and Jobs Act, QLI is superseded by QIP.