Tax Preparer Due Diligence: More than Checking the Boxes (CPA Practice Advisor) - For most tax professionals, conducting due diligence is second nature, an automatic reflex much like breathing. When a function becomes this automatic, some practitioners may be lulled into a routine of âchecking the boxesâ and relying on information ...
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Treasury Noncommittal on Waiving More Tax Penalties for Under-withholding (Accounting Today) - The Treasury Department so far isnât agreeing with requests from congressional Democrats and the American Institute of CPAs to go further in eliminating tax penalties for taxpayers who didnât withhold enough taxes last year after passage of the Tax Cuts and Jobs Act.
Recurring Revenue Rising (CFO) - As more companies adopt recurring revenue products, CFOs try to plan for the necessary changes in processes and IT systems.