Practitioners must be aware that 2018 was an easy year since the IRS was late with information or did not issue guidance regarding key issues from the 2017 Tax Cut and Jobs Act (TCJA) before the filing deadlines. For example, there was no form... read more

Only a few hundred nonprofit organizations, estimates say, are set up to accept Bitcoin and other digital assets. Now is the time for organizations to decide whether, and how, they’ll start accepting such donations. In 2018, a group called... read more

Starting January 2020, the U.S. Department of Labor (the “DOL”) will begin enforcing updated regulations to the Fair Labor Standards Act (“FLSA”). Under the FLSA, an employee is entitled to overtime when he or she works... read more

Immigration enforcement activities against employers have increased significantly under the Trump Administration. This activity is consistent with the Administration’s Buy American and Hire American executive order, which seeks to protect... read more

The Forensic and Valuation Services Executive Committee of the AICPA has released the long-awaited Statement on Standards for Forensic Services No. 1 (“SSFS 1”), which is effective for engagements accepted on or after January 1, 2020,... read more

Magazines tout bubble baths, pedicures, face masks and massages as the keys to a more centered and balanced self. However, true self-care often entails taking care of the aspects of our lives that we tend to ignore or avoid - finances included.... read more

Recently, The Georgia Society of CPAs had the opportunity to sit down with the newly appointed Commissioner of the Georgia Department of Revenue. Governor Brian Kemp appointed commissioner David Curry to this position in May 2019. The Georgia... read more

Notice 2019-55 announces the special per diem rates effective October 1, 2019, which taxpayers may use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home. This notice provides the... read more

Complying with requests from banks and other lenders for The Accounting Standard (ASU No. 2016-13) Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments is intended to improve financial reporting... read more