2015 News Archive
 

< Return to List

GWSCPA News

Why Tax Planning Should Be Melded with Strategy

Integrating tax planning early on in strategic planning can help a company boost its cash flow. With the increased demand for transparency and more extensive financial reporting from public and private companies, many C-suite executives have paid...

New Clarity on Worker Classification

Determining worker classification (employee vs. independent contractor) is one of the most misunderstood topics in the household employment industry. Rarely a week goes by without us getting a call from a family who’s dealing with an...

Chuck Noski Elected FAF Chair; Board Names Five Other Trustees

The Financial Accounting Foundation (FAF) today announced the election of Charles H. (Chuck) Noski as chair of the Board of Trustees. Chuck will succeed Jeff Diermeier, whose current term as chair ends on December 31, 2015.  Chuck has served as...

Tax Strategy

A ‘first look’ at the new partnership audit rule s On November 2, President Obama signed the Bipartisan Budget Act of 2015 into law. Along with purely budget-oriented matters, a revenue-raiser in the form of radically new partnership...

Whatever You Do, Help Your Clients

Whether a CPA firm chooses to provide personal financial planning services or not, you can materially enhance the keys to the success of your client’s financial future.  It can be as simple as paying closer attention to the details and...

IRS to Start Processing of Amended Returns Claiming Coverage Credit

Tomorrow, the IRS will begin processing tax year 2014 amended returns for taxpayers who are eligible to claim the Health Coverage Tax Credit for 2014. This affects taxpayers who are for eligible trade adjustment assistance, alternative TAA and...

The Next Big Source of CPAs

People. Human capital. Talent. Call it what you are comfortable with. The profession needs to attract and retain high-quality people. People who not only have a good command of technical skills, but also have a commitment to mastery and...

U.S. Accounting Firms Plan to Hire More IT Staff

A recent survey conducted by the Information Technology Alliance (ITA), an independent membership association of leading mid-market technology professionals, consultants and product/service providers in North America, confirms that CPA Firm CIOs...

IRS Budget Cuts Hurting Operations

A pair of reports released Wednesday highlight the impact of yearly budget cuts on the Internal Revenue Service’s activities. The Internal Revenue Service Advisory Council released its annual report for 2015 on Wednesday to the IRS...

Proposed regulations provide more detailed rules governing innocent spouse relief

The IRS proposed more detailed rules governing innocent spouse relief under Secs. 6015 on Wednesday (REG-134219-08). One significant change the proposed rules make is to provide additional guidance on the application of res judicata in innocent...