Book Big Travel Deductions for Clients (Accounting Web) - For decades, the IRS has closely scrutinized deductions for travel and entertainment (T&E), expenses, often challenging write-offs claimed by business owners. But the Tax Cuts and Jobs (TCJA) wipes out most entertainment deductions, beginning in 2018. Nevertheless, business clients still must worry about the âTâ part of âT&E.â
MORE HEADLINES
Addressing the Fear of Automation (CPA Practice Advisor) - As much as some practitioners would prefer to ignore robotic process automation (RPA), itâs quickly becoming inevitable. To remain relevant over the next five to ten years, you donât have to make friends with cyborgs,but...
Implementing Standards: How Do Preparers Cope? (CPA Journal) - Prabhakar Kalavacherla added his perspective as a former member of the IASB, saying that few companies get involved with standards setting early. This, he said, is a main reason why companies find implementing standards so difficult.