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2019 Inflation-adjusted Vehicle Depreciation Limits Issued (JofA) - The IRS on Tuesday provided the limitations on depreciation deductions for passenger automobiles first placed in service in 2019 and the amounts of income inclusion for lessees of passenger automobiles first leased during 2019... ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES How to Convert Text to Date Values in Microsoft Excel (How-to-Geek) - Analysis of business data often requires working with date values in Excel to answer questions such as âhow much money did we make todayâ or âhow does this compare to the same day last week?â And that can be hard when Excel doesnât recognize the values as dates. Cost Reduction is Top Challenge for Businesses (CPA Practice Advisor) - Well over half (64%) of U.S. businesses say cost reduction is the top challenge they expect to face in the coming year and less than half (48%) of enterprises can confidently answer questions about whether the right employees are doing the right work. Accounting Firmsâ Consulting Revenue Surpasses $25B (Accounting Today) - The report, from Source Global Research, wasnât all good news for accounting firms, though. For the first time in five years, it found that U.S. accounting firms dropped to third place behind technology and strategy firms in terms of their growth rate.. Supreme Court Shows It's Ready To Overrule Precedent, Dissent Sounds Alarm In California V. Hyatt (Forbes) - The decision today in a residency tax audit case, on its third trip to the U.S. Supreme Court, shows how the Court is ready to overturn prior cases. Justice Stephen Breyer put it succinctly in his dissent: âTodayâs decision can only cause one to wonder which cases the Court will overrule next.â Taxation Accounting/Audit |  TOP 5 MOST READ
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