Oregon Corporate Activity Tax Enacted
Oregon enacted legislation: creating a Corporate Activity Tax (CAT) on certain gross receipts; and reducing the personal income tax rates for the lowest three brackets.…
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IRC §1202 Exclusion May Affect Decision to Convert S Corporation to C Corporation
Shareholders who are considering converting their S corporation to a C corporation might think IRC §1202 seals the deal. While the 1202 exclusion of gain…
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Using A Knowledge-based Audit Methodology To Overcome Common Audit Missteps- AICPA Engage 2019
Wolters Kluwer Tax & Accounting Highlights How a Knowledge-based Audit Methodology Can Help Overcome Common Audit Missteps Cathy Rowe, CPA, CA and Director of Accounting…
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Wolters Kluwer Tax & Accounting Experts Help 2019 AICPA Engage Conference Participants Prepare Their Firms for Imminent Change
Wolters Kluwer Tax & Accounting Experts Help 2019 AICPA Engage Conference Participants Prepare Their Firms for Imminent Change Speakers to address the impact of…
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Pattillo, Brown & Hill LLP Strengthens Audit Capabilities with the Addition of Wolters Kluwer TeamMate® Analytics
Strengthening audit capabilities Wolters Kluwer Tax & Accounting today announced that Pattillo, Brown & Hill LLP, one of the oldest and most respected accounting firms…
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Illinois Takes Step Closer to Graduated Income Tax Rates
Illinois took one more step closer to adopting graduated personal income tax rates. State lawmakers ended the last week of their regular session by: agreeing…
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Section 199A Deduction Can Complicate Strategies for Retirement Plan Contributions
The IRC §199A deduction for qualified business income can complicate strategies for contributions to retirement plans. For lower-income taxpayers, the 199A deduction can effectively reduce…
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FASB Simplifies the Accounting for Goodwill and Certain Identifiable Intangible Assets for NFPs
The FASB issues Accounting Standards Update (ASU) No. 2019-06, Intangibles—Goodwill and Other (Topic 350), Business Combinations (Topic 805), and Not-for-Profit Entities (Topic 958): Extending the Private…
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Massachusetts Resurrects Millionaire Tax
Lawmakers resurrected proposals (S.B. 16 and H.B. 86) to amend the Massachusetts Constitution to allow an additional income tax on millionaires. What Do the Amendments…
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GASB Revises Standards to Improve Reporting of Conduit Debt Obligations
The GASB has issued Statement No. 91, Conduit Debt Obligations. Statement 91 provides a single method for government issuers to report conduit debt obligations and related commitments.…
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