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IRS Cracks Down on ‘Billions’ of Tax Breaks from Land Donations
(Accounting Today) - Certain land donation deals that get hefty tax deductions will be under tighter scrutiny from Internal Revenue Service auditors, the agency said Tuesday.
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Syndicated Conservation Easements - Mining Concepts For Tax Dollars
(Forbes) - The recent Tax Court decision Coal Property Holdings is a good illustration of Reilly’s Fourth Law of Tax Planning - Execution isn’t everything but it’s a lot. This is a conservation easement syndication deal and the facts indicate that it is on the questionable side.
Evolving From Practice To Enterprise
(Financial Advisor) - Within the independent financial advisory industry, many use the term “business” to describe their firms. But what does the term “business” actually mean, and what are the challenges businesses face as they strive to evolve beyond their current state?
How to Differentiate Yourself from Other Firms
(Accounting Web) - To make things more challenging, today’s bookkeepers and accountants find themselves not only competing with other service providers but also with artificial intelligence. To the prospective client, this is just one more reason why your prices should be low.
How to Hide Error Values and Indicators in Microsoft Excel
(How-to-Geek) - Your Excel formulas can occasionally produce errors that don’t need fixing. However, these errors can look untidy and, more importantly, stop other formulas or Excel features from working correctly. Fortunately, there are ways to hide these error values.
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Young CPAs Tell Their Favorite Accounting Jokes