Paying a firm's retirees; email, text and your clients; when the IRS says wrong; and other highlights from our favorite tax bloggers.
Constantly evolving
- Gordon Law (
https://gordonlawltd.com/blog/ ): What we know so far about the new 1099-DA (digital assets). - AICPA Insights (
https://www.aicpa.org/blog ): A look at the "2022 Global State of Enterprise Risk Oversight," which reports on the "ever-evolving" status of risk globally. The report includes insights about the current state of risk management processes based on surveys of execs about how their organizations approach risk oversight. - CPA Growth Trends (
https://www.cpagrowthtrends.com/ ): Whether you are new to accounting marketing or want to create a plan, here's what a marketing strategy is and why you need one. - Avalara (
https://www.avalara.com/blog/en/north-america.html ): It's a sales tax truth universally accepted that inventory in a warehouse can give your online retail client physical nexus. Yet Pennsylvania has disagreed over one Amazon FBA storehouse. - Summing It Up (
http://blog.freedmaxick.com/summing-it-up ): Accounting standards applicable to the costs of technology have had to adapt as tech keeps entrenching itself in business. Consider a cloud computing arrangement, where a customer pays a vendor for access to software: The rise of these agreements prompted a new accounting pronouncement in 2015 — yet few CCAs meet the criteria necessary to be treated as software assets.
Getting richer
- Global Taxes (
https://www.globaltaxes.com/blog.php ): Wealthy tax cheats especially are in the IRS bull's-eye in the wake of the agency's funding from the IRA. - TaxProf Blog (
http://taxprof.typepad.com/taxprof_blog/ ): Should only the richest pay more taxes? - Rosenberg Associates (
https://rosenbergassoc.com/blog/ ): A recent poll showed how CPA firms are doing when paying retired equity partners or shareholders. - HBK (
https://hbkcpa.com/insights/ ): What to remind them about selling their manufacturing business. - Taxbuzz (
https://www.taxbuzz.com/blog ): The U.K. prime minister has defended the country's recent tax cuts, even as the pound dips to historic lows. - Procedurally Taxing (
https://procedurallytaxing.com ): A recent case shows what happens to Social Security payments when the taxpayer uses them to pay federal income taxes — then gets a refund partly based on those Social Security payments.
At your service
- Wolters Kluwer (
https://www.wolterskluwer.com/en/solutions/tax-accounting-us/industry-news ): What to remind them about expired and expiring tax provisions that may affect 2022 returns, including amortizing research and expenditures and the Sec. 163(j) limit for business interest. - WCG (
https://wcginc.com/blog/ ): Where and how should email and text fit into your communications with clients? - Solutions for CPA Firm Leaders (
http://ritakeller.com/blog/ ): A look at what goes into excellent client service (which should fit like a white glove). - Mauled Again (
http://mauledagain.blogspot.com/ ): One recent IRS enforcement agent's statement, "No matter the source, all income is taxable," is flat out wrong. If the blogger still taught basic federal income tax, he'd use the quote to set up one exam question. - Sikich (
https://www.sikich.com/insights/ ): Are your association clients looking for a cloud-based accounting reporting solution? This four-part blog series looks at fund accounting, reporting (this week's topic), allocations and budgeting and encumbrances.
