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Federal Tax Update – October 2017

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INDIVIDUALS Public Law 115-63, the Disaster Tax Relief and Airport and Airway Extension Act of 2017, modifies existing law to provide tax relief to victims of Hurricanes Harvey, Irma and Maria as follows:  Allows casualty losses to be claimed without the 10 percent of adjusted gross income floor as well as by non-itemizers (in their […]

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Federal Tax Update – September 2017

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INDIVIDUALS In Linde v. Commissioner, TC Memo 2017-180, the Tax Court determined that a helicopter pilot in his mid-50s who spent two-thirds of the year working in Iraq and one-third in the United States with his wife and adult children was a bona fide resident of Iraq despite stating his intention to return to the […]

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Creating A LinkedIn Company Page For Your Small Practice

Company Page

Unlike Facebook and Twitter which incorporate a gamut of page types — from personal and comedy to news and business — LinkedIn is much more specific, focusing almost entirely of professional networking. This creates a unique social media platform that can be utilized by law and accounting firms to improve their B2B marketing and build […]

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Federal Tax Update – August 2017

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INDIVIDUALS In Lopez v. Commissioner, TC Memo 2017-171, the Tax Court determined that income earned by a child in a beauty pageant is reportable by the child and not by the parents notwithstanding a state law on legal entitlement to the winnings; the parents had attempted to deduct expenses which were ten times the amount […]

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AAA-CPA and Hurricane Harvey Relief Efforts

August 29, 2017 TO:        All Members of American Academy of Attorney-Certified Public Accountants Re:         Hurricane Harvey in Texas and headed to Louisiana Dear Fellow Member: You have undoubtedly been following the reports of the terrible disaster in Houston and the surrounding area caused by Hurricane Harvey and its aftermath.  Many members have contacted us and […]

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The Benefits Of A Dually-Licensed CPA

There are many situations that require the assistance of a skilled financial advisor and even more where professional guidance is beneficial. From improving your credit rating and reducing debt to starting a business or managing real estate, having an experienced accountant you can turn to can save you many headaches in the future. However, selecting […]

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AAA-CPA Listserv ‘Alone Is Worth The Annual Dues’

From discounts with numerous retailers to earning your CPE and CLE credit simultaneously, the American Academy Of Attorney-CPAs offers a number of useful resources to its members. However, one of the most beneficial (and often underappreciated) is the AAA-CPA Listserv, which connects all members of the organization regardless of where you practice. Utilizing this service […]

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Federal Tax Update – July 2017

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INDIVIDUALS In Rajcoomar v. Commissioner, TC Memo 2017-129, the Tax Court denied a taxpayer an exclusion for damages arising out of physical injury where his employer failed to make workplace accommodations for an injury received, the Court noting that the source of the claim was anti-discrimination laws; in Maciujec v. Commissioner, TC Summary Opinion 2017-49, […]

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Twitter 101: A Practical Guide For Small Firms

Guide

When you are developing a presence for your legal or accounting practice on social media, it is important to analyze which networks offer the best opportunity to reach your target audience. With more than 310 million active users worldwide and 65 million US users (more than 80 percent of which are between the ages of […]

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