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The IRS Shutdown of SALT Deduction Workarounds: A Comparison of States (CPA Journal) - The Tax Cuts and Jobs Act of 2017 (TCJA) included a $10,000 cap on state and local tax (SALT) deductions. That cap has led New York and other states with high taxes to attempt to mitigate the impact of the limitation. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Twas The Night Before Christmas (Legal Edition) (TaxProf Blog) - Whereas, on or about the night prior to Christmas, there did occur at a certain improved piece of real property (hereinafter "the House") a general lack of stirring by all creatures therein, including, but not limited to a mouse. FASB Aims to Ease Goodwill Accounting for Nonprofits (Accounting Today) - The Financial Accounting Standards Board proposed an accounting standards update aimed at making it easier for nonprofits to account for goodwill and measure some intangible assets. Tech and Tax: How CPAs Need to Prepare for the Intersection in 2019 (CPA Practice Advisor) - For CPAs, utilizing tax technology is an essential tool for day to day work. From automation of manual processes with on premise to cloud solutions, itâs no longer enough to just understand taxes 2 Valuation Guide Working Drafts Issued (JofA) - The AICPA recently issued working drafts of two new case studies. The AICPA also rereleased the working draft of the guide itself to provide context for the new case studies Accounting/Audit Business News |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Groco Joke Man   |