Make a Strategic Technology Plan for Your Firm
As technology advances at an exponential pace, it’s clear that firms need to approach the change strategically to keep up. Patty Kautz, COO at VonLehman…
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Tennessee Changes Enacted for GILTI and Repatriation Income
Tennessee has enacted changes or modifications for global intangible low-taxed income (GILTI) and repatriation income. Excise Tax Subtractions for GILTI and Repatriation Income The new…
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Rettig, Mnuchin Testify Before Senate Panel on IRS Modernization, FY 2020 Budget
Treasury Secretary Steven Mnuchin and IRS Commissioner Charles “Chuck” Rettig testified on May 15 before a Senate panel regarding: IRS modernization; and the Service’s Fiscal…
read moreFASB Issues Targeted Transition Relief for Financial Instruments Credit Losses Standard
The FASB has issued Accounting Standards Update (ASU) No. 2019-05, Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief. This new ASU is designed to ease the transition…
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Senate Tax Writers Discuss Bipartisan Retirement Savings Bills; House Vote Expected on SECURE
Senate tax writers on Capitol Hill continue to discuss bipartisan retirement savings bills as the House gears up for a vote on a related tax…
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FASB Issues Proposal to Simplify Accounting for Income Taxes
The FASB has issued a proposed Accounting Standards Update (ASU) intended to reduce cost and complexity for the accounting for income taxes. The proposal is…
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Iowa Clarifies §199A Treatment, Adopts Like-Kind Exchange Calculation
Iowa has enacted legislation: clarifying that the IRC Sec. 199A deduction applies to IRC Sec. 199A(a) and 199A(g), retroactive to January 1, 2019; updating the…
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Iowa Enacts Sales Tax Reform
Iowa tax reform makes changes to sales tax economic nexus and other sales and excise tax rules. Transaction Threshold for Economic Nexus The tax reform…
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ABA MAY MEETING: Rettig Warns Against Employment Tax Fraud, Praises TCJA Implementation Team
IRS Commissioner Charles “Chuck” Rettig has issued a stern warning against employment tax fraud. Rettig, while speaking on Saturday, May 11, at the American Bar…
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States Are Immune From Private Suits in Other States’ Courts
The U.S. Supreme Court ruled that states are immune from private suits brought in other states’ courts. In the Franchise Tax Board of California v.…
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