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IRS Issues Guidance For Businesses That Elect Out Of Interest Expense Limitations
(Forbes) - Last Saturday marked the one-year anniversary of the passage of the Tax Cuts and Jobs Act, and while this recent round of tax reform offered no shortage of breaks for businesses and business owners, there was, of course, some bad news within the Act as well.
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The IRS Wants to Use Social Media to Catch Tax Cheats
(Quartz) - That’s according to a request for information issued December 18 by the IRS’s National Office of Procurement. The mining of social media data by the agency has been suspected in the past, but the IRS has never before confirmed the practice.
6 Reasons Small Business Owners Should Hire a Tax Pro
(CPA Practice Advisor) - If you heard that millions of people tried performing surgery on themselves every year, you’d likely be aghast or at least perplexed that people would take such a chance at something so complex.
How to Set Up and Use Siri on an iPhone
(How-to-Geek) - Siri has a bad reputation among many, but it’s perfectly usable for most tasks, and if you’re knee-deep in the Apple ecosystem...
Client Accounting Services: Three Ways to Develop This Emerging Revenue Stream
(Accounting Today) - Accounting is an age-old profession. CPA firms still leverage the proven practices and processes that have been developed and refined after decades of trial and error, risk/benefit calculations, and business modeling exercises.
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