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AAFCPAs Tax Practice Announces New IT Solutions and Process Improvements

The Tax Practice of AAFCPAs is excited to introduce new IT solutions and process improvements that will add efficiency and ease to your client experience for the 2019 tax return filing season. Please review the information below as you may need to take action in order to avail yourself of these new tools. TaxCaddy TaxCaddy […]

AAFCPAs Releases 2019-2020 Tax Planning Guide for Businesses & Individuals

As we approach the second tax filing season under the monumental Tax Cuts & Jobs Act (TCJA), we now have a clearer and broader view of what the future holds for businesses, individuals, tax exempt and government entities. This view includes insight into opportunities and pitfalls to consider for 2019-2020. Download AAFCPAs’ 2019-2020 Tax Planning Guide for […]

New Partnership Level IRS Audit Rules in Effect

New Partnership Level IRS Audit Rules in Effect

AAFCPAs would like remind clients that, effective for tax years beginning after December 31, 2017, the IRS has instituted new centralized partnership audit rules under the Bipartisan Budget Act (BBA) of 2015.  As mentioned in a prior blog, these rules introduced the role of a Partnership Representative and provide for the assessment and collection of […]

Year in review: The Top 10 Insights from 2018

Year in review: The Top 10 Insights from 2018

2018 was a big year for finance professionals, with monumental changes in tax code & accounting rules, and other significant challenges & opportunities affecting commercial businesses, nonprofits, and individuals & their families.  Below are AAFCPAs’ most widely-read news alerts & insights in the past year: AAFCPAs’ 2018-2019 Tax Planning Guide for Businesses & Individuals Financial […]

IRS Issues Tax Guidance on TCJA Changes on Business Expense Deductions for Meals, Entertainment

AAFCPAs would like to make clients aware that on October 3rd, 2018, the Internal Revenue Service (IRS) issued guidance on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act (TCJA). The 2017 TCJA eliminated the deduction for any expenses related to activities generally considered entertainment, amusement […]

IRS Releases Guidance on Accounting Method Changes for Small Businesses

On August 3, 2018, the IRS released Revenue Procedure 2018-40, which provides advance guidance for eligible small business taxpayers to apply for certain automatic accounting method changes introduced through the tax reform signed into law by President Trump on December 22, 2017. Rev. Proc. 2018-40 presents an amendment to Rev. Proc. 2018-31 to modify existing […]

Webinar: AAFCPAs Revenue Recognition Guidance for Businesses

Webinar: AAFCPAs Revenue Recognition Guidance for Businesses

AAFCPAs provides an overview of new Revenue Recognition standards for Commercial Businesses.  Listeners gain an understanding of how the new standard could impact revenue recognition and company policies, and what they should be doing now to prepare for adoption. This revenue recognition webinar will cover: An overview of the revenue recognition standard Effective dates and […]

SAVE THE DATE: AAFCPAs to Share Valuable Revenue Recognition Guidance for Commercial Businesses

SAVE THE DATE: AAFCPAs to Share Valuable Revenue Recognition Guidance for Commercial Businesses

AAFCPAs will present two educational webinars, providing an overview of new Revenue Recognition standards for Commercial Businesses and Nonprofit Organizations. Attendees will gain an understanding of how the new standard could impact revenue recognition and company policies, and what they should be doing now to prepare for adoption. SAVE THE DATE! AAFCPAs Educational Webinar: Revenue […]