IRS Seeks to Standardize Form 1065, Issues Proposed Draft
The Treasury Department and the IRS proposed and released draft Form 1065 Schedule Ks on July 14, 2020. The changes to the forms are intended…
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Does Your Technology Meet Client Expectations?
We’re living in an era where every part of our daily lives is impacted by technology in one way or another. We have numerous new…
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3 Keys to a ‘No-Touch’ Tax Return
On June 2-3, 2020, Boomer Consulting, Inc. had the honor of sponsoring Wolters Kluwer’s Audit Talks LIVE virtual conference. The conference brought together audit experts…
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IASB Defers the Effective Date of the Amendments to IAS 1
The IASB defers the effective date of Classification of Liabilities as Current or Non-current by one year, which amends IAS 1 Presentation of Financial Statements. Classification of…
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3 reasons the role of the accountant is changing
If accountants 10 years ago could have looked through a portal into the future, would they have been surprised at how much technology had changed…
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Tool Reimbursement, Rental Arrangements Were Abusive Tax Schemes, Not Accountable Plans
Tool plans that claimed to pay employer reimbursements or rental fees to employees who used their own tools in their jobs were abusive tax schemes.…
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Web-based Audit Training Options
No one ever said that change is easy. However, change is a natural and constant part of life. Especially in the fast-paced world that we…
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Special Report: How COVID-19 is changing business sales tax obligations and enhancing risk [Part 11]
Manufacturers and Other Nonretail Businesses Face Heightened Sales and Use Tax Compliance Risks COVID-19 is changing the way we do business, the way we buy,…
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Payroll Tax Relief Could Bring Cash to Many Businesses
Wolters Kluwer Tax & Accounting look at payroll tax relief in response to COVID-19 One of the favorite methods used by Congress to assist businesses…
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Update on Second Class of Stock Issues for S Corporations
Panelists at an American Bar Association (ABA) Tax Section webinar updated tax professionals on second class of stock issues for S corporations on June 24,…
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