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Here's A $10M Tax Question: C or S Corporation? (Forbes) - The massive tax law passed by Congress and President Trump at the end of 2017 radically reshaped traditional tax planning in ways that are still emerging. A prime example is choice of entity for small and not-so-small businesses. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES The Statement of Cash Flows Turns 30 (CPA Journal) - Despite its long history, the cash flow statement continues to present reporting challenges, as evidenced by recurring findings reported by the AICPAâs peer review program and inconsistencies in reporting various cash flows. 7 in 10 Young Workers Prefer Freedom to Job Security (JofA) - A majority of young adult job seekers value the freedom of being their own boss over job security, and many also envision going into business for themselves one day, according to research conducted by MAVY Poll on behalf of the AICPA. IRS Security Checklist #5: Create a Data Theft Recovery Plan (CPA Practice Advisor) - Tax professionals are being advised by the IRS that they should report data theft immediately and follow an established process for helping the IRS protect their clients. The Race to Build the Worldâs Most Precise Clock (Bloomberg) - The most important part of one of the most precise clocks in the world is a paper-thin, staple-size piece of lutetium. Taxation Accounting/Audit Business News |  TOP 5 MOST READ
TOOLS OF THE TRADE e-BREAKS  Accounting Joke   |