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What Entity Structure Is Best for Active Income vs. Passive Income? (CPA Practice Advisor) - The legal entity your clients elect depends upon a lot of factors, including the business ownersâ tax brackets, goals and objectives. When it comes to passive vs. active income concerns, you should be ready to advise which structure makes the most sense for them and offers the best tax advantages. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Half of Firmsâ Clients Have Been with Them 8+ Years (Accounting Today) - More than half of accounting firm clients (56 percent) have been with them for eight or more years â and over a third (34 percent) have been with them a decade or longer, according to a recent survey. How Auditors Can Stay Independent While Advising on Revenue Recognition (JofA) - One of the most difficult challenges for some auditors as 2019 comes to an end is maintaining their independence amid the frustration and confusion of their clients over the implementation of FASBâs new revenue recognition standard. 14 Unnecessary Startup Expenses Wasting Hard-Earned Money (Forbes) - As experts in the financial industry, the members of Forbes Finance Council know how to spend smartly. Below they shared some of the most common ways they see startups wasting money and where startups should allocate their funds instead. Fed Signals Desire to Stand Pat (Kiplinger) - The Federal Reserve signaled that it wants to hold off on further interest rate cuts for a while. Accounting/Audit |  TOP 5 MOST READ
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