AT Think

The differing House and Senate plans leave the fate of the effort uncertain – and provide no clarity for practitioners.

Hurricanes Harvey, Irma and Maria, and the recent wildfires in California have affected millions of people and led to an outpouring of charitable gifts and donations, including contributions from businesses with employees in the path of the disasters.

Time to exhale, sit back and think ahead to what you want 2018 to look like at your accounting firm.

Unchanged step-up; arguing PAL; this side of Paradise; and other highlights from our favorite tax bloggers.

The tax reform bill introduced last week includes major provisions related to the taxation of companies’ foreign income and of foreign persons.

The Tax Cuts and Jobs Act makes major changes to individual income taxation.

Governments around the world are driving for a more integrated taxing environment.

Thanks to technology, we see clients less, but speak and interact with them more, maintaining and strengthening the relationship.

CPAs know it is imperative to refer clients to third party consultants for various issues that require deep specialization in an area of tax. In many ways, these specialty tax firms act as an extension of your team and require coordination to deliver results that often have a material impact on a tax return.

As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. Until Congress passes tax reform legislation, these tips should help many tax clients.