Accounting Today - Best of the Week

Best of the Week

Jul 13, 2019

GILTI rule change may mean more amended returns for partnerships

By Michael Cohn

Substantial changes in the regulations for the new global intangible low-taxed income could mean that many more amended K-1 schedules will be necessary for tax practitioners this year.

New risks for tax audits

By Roger Russell

IRS audit rates have dropped, but that doesn’t mean clients shouldn’t be prepared.

Taxpayer Advocate creates 'subway map' of the IRS for taxpayers

By Michael Cohn

Nina Olson also suggested different ways to increase the participation rate of eligible taxpayers in claiming the Earned Income Tax Credit.

Summer reading for accountants — 2019

Long, lazy days offer a great opportunity to catch up on new reading on building a better practice — and to revisit some classics.

IRS finalizes rules for truncating taxpayer SSNs on W-2s

By Michael Cohn

The Internal Revenue Service is allowing employers to truncate taxpayer identification numbers to protect employees from identity theft.

Protiviti examines next generation of internal auditing

By Michael Cohn

International consulting firm Protiviti has released the 15th annual edition of “Internal Auditing Around the World”, providing insights of internal audit leaders on digital initiatives across industries globally.

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IRS announces summer downtimes

By Jeff Stimpson

The Modernized e-File system will be unavailable for two short periods in July and August.

SEC charges accountant in $6.2M insider trading scheme

By Bob Van Voris

A San Diego investment fund owner was arrested and charged with running an insider-trading ring that made more than $6 million from illegal tips about Illumina Inc.

Accountants under pressure: Creating a more mindful workplace

By Amy Vetter

Tech leaders from LinkedIn, SAP and Calm talk about creating systems to address mindfulness on an organizational level.

It may be now or never in Trump fight to keep Mazars accounting records from House

By Andrew Harris

Time is tight for Donald Trump’s lawyers in their fight to keep the president’s financial records out of the hands of congressional Democrats.

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