Tax RecordKeeping

Poor Recordkeeping Hurts Taxpayers: Problems and Preventions

Article by By Annette Nellen, Esq., CPA, CGMA | Featured on The Tax Adviser Every year a few taxpayers go to court hoping for a better outcome than the one offered by the IRS. Usually, they lose due to poor records, not meeting all requirements…
FASB Proposal Takes Aim at Immaterial Fair Value Disclosures

FASB Proposal Takes Aim at Immaterial Fair Value Disclosures

Article by Ken Tysiac | Featured on Journal of Accountancy FASB is proposing new accounting standards designed to improve the effectiveness of disclosure requirements on fair value measurements by enabling preparers to omit immaterial information. The…
Senate sends Ex-Im renewal to Obama's desk

Senate Sends Ex-Im Renewal to Obama's Desk

Article by Vicki Needham | Featured on The Hill | Mark Van Scyoc / Shutterstock.com The Export-Import Bank is alive. Renewal of the 81-year-old institution's charter was included in a five-year, $305 billion federal transportation measure…
Small Business Owners

For Small Businesses: IRS Raises Tangible Property Expensing Threshold to $2,500; Simplifies Filing and Recordkeeping

Article Featured on irs.gov WASHINGTON —The Internal Revenue Service today simplified the paperwork and recordkeeping requirements for small businesses by raising from $500 to $2,500 the safe harbor threshold for deducting certain capital…
A Step Forward for Sovereign Debt

A Step Forward for Sovereign Debt

Article by Joseph E. Stiglitz & Martin Guzman | Featured on Project Syndicate  Every advanced country has a bankruptcy law, but there is no equivalent framework for sovereign borrowers. That legal vacuum matters, because, as we now see…
Theory of Disruption

Clay Christensen says everyone misunderstands his theory of disruption — here's what it really means

Article Featured on Business Insider | By Richard Feloni The terms "disruptive innovation" and "disruptive technology" are at risk of becoming meaningless buzzwords, according to Harvard Business School professor Clayton Christensen, who…
Home Sales Slump in October

U.S. home sales slump in October as higher prices weigh on buyers

Article Featured on LA Times Fewer Americans bought homes in October, a sign that rising home values may be pushing more would-be buyers to the real estate market's sidelines. The National Assn. of Realtors said Monday that sales of existing…
Politicians slam tax-avoiding Pfizer-Allergan deal

Politicians slam tax-avoiding Pfizer-Allergan deal

BY KEVIN DRAWBAUGH AND EMILY STEPHENSON | Featured on Reuters U.S. politicians condemned Pfizer Inc's deal with Allergan Plc as a tax dodge on Monday, bringing another round of hand-wringing in Washington over the corporate tax code, though…
Starting Retirement Early

Here's An Easier Way To Start Moving From Broke To Comfortable As You Age

Article by Marilyn Geewax | Featured on NPR The Federal Reserve estimates that nearly a third of workers have no pensions and no retirement savings. Going from young and broke to retired and comfortable is a long, tough road. So…
Shrinking Financial Aid Curbs Impact of Slowing College Tuition Increases

Shrinking Financial Aid Curbs Impact of Slowing College Tuition Increases

By Douglas Belkin | Featured on WSJ Relatively modest rise in 2015-2016 amplified by near-zero inflation and pullback in grants Tuition increases at U.S. colleges have plateaued after decades of steep growth, but stagnant wages, near-zero…