AT Think

When your client employs someone to work in their home like a nanny, housekeeper or senior caregiver, they may owe household employment taxes or “nanny taxes.” A lack of preparation, knowledge and/or communication can cause unneeded stress during busy season.

In the midst of an unpredictable election year, you can serve as a rock solid source of knowledge for your clients by closely tracking the top regulatory issues that are likely to shape the legislative and regulatory landscape over the next 12 months.

Payroll rigmaroles; bloggers’ taxes; the most out of seasonal staff; and other highlights from our favorite tax bloggers.

A bill stuck in Congress might help improve audit oversight.

My tax season checklists have been updated and are ready for you in a Word file so you can use them as you want.

AI can interpret the best path to achieving an answer and learn the routines that get the best result.

As an accounting professional, you know there are potential tax-related upsides and downsides for every type of business entity.

Next time you meet with a client, instead of just making small talk or asking, “How’s the family doing?” take it a step further.

A drafting error in the Tax Cuts and Jobs Act inadvertently removed Qualified Improvement Property from bonus eligible property. This was a mistake and a technical correction was expected. However, none was ever made.

The last several years have seen a “merger frenzy,” with small and midsize CPA firms (with annual revenues between $10 million and $24 million) getting acquired by larger CPA firms that have a strong brand and a track record of average to above average equity partner profitability.