An Accountant's Guide to Excel PivotTables (Accounting Web) - Pivot tables are probably one of the most talked-up yet the least understood features of Excel with accountants. Their power comes about in the way that they can represent a single dataset in a multitude of ways
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AICPA Comments on Qualified Business Income Deduction (CPA Practice Advisor) - The American Institute of CPAs has submitted comments to the U.S. Department of the Treasury and the Internal Revenue Service (IRS) about the guidance regarding the deduction for qualified business income (QBI) under Internal Revenue Code section 199A.
Senators Unveil Bill to Impose Minimum Standards on Tax Preparers (Accounting Today) - The bill represents the latest effort to regulate the tax prep industry. The IRS began rolling out a Registered Tax Return Preparer program in 2010 that imposed mandatory registration, testing and continuing education requirements on preparers.