< Return to List

Articles

After investigation, SEC issues cyberfraud alert
The SEC on Tuesday issued an investigation report warning public companies to be wary of a type of cyberfraud called “business email compromise” and to consider such frauds when devising and maintaining internal accounting controls. The...
DRS Now Accepting Online Permit Applications for Tax Preparers/Facilitators
Beginning January 1, 2019, certain tax preparers and facilitators of refund anticipation loans and refund anticipation checks cannot engage in the business of, solicit business as, present themselves as tax preparers or facilitators, or provide...
IRS Extends Operating Loss Period For Homeowners With Crumbling Foundations
Homeowners with crumbling foundations will be able to carry back two years and forward 20 years their “net operating loss” from repairing their foundations, according to new IRS guidance. Simply put it means homeowners who...
Here's What You Need to Know About Applying for Crumbling Foundation Funds
On Nov. 15, applications will begin being accepted from homeowners seeking state funds to replace their failing foundations. The Captive Insurance Agency, now called the Connecticut Foundations Solutions Indemnity Company or CFSIC, was created...
Meals continue to be deductible under new IRS guidance
The IRS has issued guidance clarifying that taxpayers may generally continue to deduct 50% of the food and beverage expenses associated with operating their trade or business, despite changes to the meal and e
Survey: Businesses report 58% rise in email cyber attacks
U.S. businesses are experiencing a significant increase in email cyber schemes this year, according to a new survey. The survey by Zogby Analytics, commissioned by specialty insurer Hartford Steam Boiler and Insurance Co. (HSB), says 58...
IRS to Host Crumbling Foundations Webinar Oct. 24
At 10 a.m. on Wednesday, October 24, the IRS will host a free one-hour web conference on "Claiming Casualty Losses on Deteriorating Concrete Foundations Caused by the Mineral Pyrrhotite." The web conference will include a discussion of the...
3 Revenue Opportunities for CPAs From the TCJA
As CPAs’ understanding of the Tax Cuts and Jobs Act (TCJA) begins to grow, so too do opinions on how to best take advantage of the revenue opportunities it provides.
AI, machine learning, deep learning: Say what?!?
Artificial intelligence (AI) is already changing the nature of our lives. When you ask Siri for a restaurant recommendation or when you tell Alexa to play your favorite song, you're interacting with AI. AI has also been making its way into the...
Deadline for new depreciation deduction fast approaching