The AICPA endorsed four of the six bills, all of which passed with bipartisan support and were forwarded to the Senate.

T he end of the summer brought a flurry of legislative activity, with the president signing into law four bills from July to October. One was the Small Business Job Protection Act of 1996 (SBJPA), ...

Accountants who advise clients interested in employee ownership plans need to be aware of the pros and cons of different models. Discover how a one-day University of Memphis program empowers ...

Converting to an employee stock ownership plan offers firms tax benefits and an alternative to private equity.

Discover how a one-day University of Memphis program empowers nontraditional accounting students to stick with their major ...

Accountants who advise clients interested in employee ownership plans need to be aware of the pros and cons of different ...

Informing clients about the incorporation of generative AI can enhance transparency and trust, ultimately strengthening the ...

The Tax Court imposes a $25,000 frivolous-position penalty for persistent omission of wage and rental income. The Tax Court ...

Prop. regs. address expanded annual compensation deduction limitation ... Prop. regs. issued for spinoff transactions and ...

In a letter ruling, the IRS determined that a recreational community club was not a qualified amateur sports organization.

The taxpayer failed to substantiate that a theft occurred or, if it did, its tax year of discovery for his investments in an ...

Overreliance on technologies such as AI may cause problems, but CPAs can take steps to keep their thinking caps on.