December 2017

Baby Boomers Its Time for RMDs
Baby Boomers: It’s Time for RMDs

In 2016, the first wave of baby boomers turned 70½, and many more reach that…

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U.S. Tax Reform: Financial Reporting and Audit Considerations
Tax Reform: Reporting and Audit Considerations

The enactment of U.S. tax reform is imminent. It has passed both the House and…

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Prepayment of Certain 2018 Expenses by Cash Basis Taxpayers May Yield Deduction Benefit in 2017 Due To Potential Tax Reform
Agreement on Tax Reform - Impact to Individuals
Agreement on Tax Reform – Impact to Individuals

A PDF version of this article is available for download. On Friday, December 15, a…

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IRS Issues Standard Mileage Rates for 2018
IRS Issues Standard Mileage Rates for 2018

The IRS has issued 2018 standard mileage rates for taxpayers who utilize automobiles for business,…

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Benefits of Having an Open-Door Policy
Benefits of Having an Open-Door Policy

When a company endorses an open-door policy, employees feel welcome to talk with managers and…

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House and Senate Reach Tax Reform Compromise
House and Senate Reach Tax Reform Compromise

On December 13, 2017, House and Senate Republicans reached a compromise on tax reform legislation,…

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Attention Investment Partnerships: New IRS Audit Rules Going Into Effect Soon
Attention Investment Partnerships: New IRS Audit Rules Going Into Effect Soon

The Bipartisan Budget Act of 2015 included provisions that fundamentally alter the manner in which…

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Pitfalls and Best Practices in Property and Sales & Use Taxes
Pitfalls and Best Practices in Property and Sales & Use Taxes

Most companies face tax obligations related to their property and sales, but given that each…

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What to Consider When Forming an Investment Policy
What to Consider When Forming an Investment Policy

Does your nonprofit have a formal investment policy? If not, your organization’s investment committee might…

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