Based on the AICPA Competency Framework: Tax and Personal Financial Planning, these learning resources - primarily focused on US tax - are designed to help CPAs understand the knowledge and skills necessary to address the needs of their clients and firms.
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This sweeping new standard for revenue recognition has many important tax considerations. This article explains those considerations.
This item highlights the accounting period rules and the guidance for changing an accounting period for the most common types of entities.
This article discusses the cash method of accounting and how it can be used by a range of taxpayers.
This article discusses new opportunities for accelerated depreciation and expensing of qualifying real property that CPAs should explore with their business tax client.
This article highlights a few ASC Topic 740, Income Taxes, tax matters companies have missed or overlooked in tax provisions.
Recent changes have given taxpayers three attractive options for taking deductions in the year property is placed in service. This article explores the options.
This article discusses how a taxpayer could have benefits of both the MACRS disposition regulations and tangible property regulations.
This article explores ways to lower any depreciation recapture when disposing of a property.
Using a GAA for a building that will be demolished can save taxpayers money, but it must be elected as soon as it is placed in service. This article explores the matter.
IRS guidance addresses the tax treatment of generic and nongeneric internet domain names. This article discusses the treatment identified in the guidance.
Congress made a notable change to the definition of qualifying property for bonus depreciation purposes. This article discusses the changes and items for consideration.
This article discusses the Chief Counsel Advice related to the treatment of Computer Software Development and Implementation Costs.