CCH Tax Day Report Effective January 1, 2018, the Texas property tax exemption for certain property owned by charitable organizations is extended to property used to provide tax return preparation and other financial services without regard to the beneficiaries’ ability to pay. H.B. 1345, Laws 2017, effective as noted

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CCH Tax Day Report From July 1, 2017 to December 31, 2017, the Nebraska motor fuel tax rate is decreased from 27.3 cents per gallon to 27.0 cents per gallon. The announcement can be viewed on the Nebraska Department of Revenue’s website at http://www.revenue.nebraska.gov/fuels/fuelrate.html. News Release, Nebraska Department of Revenue, June 19, 2017

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CCH Tax Day Report Louisiana Gov. John Bel Edwards has signed legislation that makes significant changes to the corporate and personal income tax credit for motion picture production expenditures. Under the new legislation, the following tax credits are available for state-certified productions: — Base investment credit of 25% for projects in excess of $300,000, or […]

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CCH Tax Day Report IRS Commissioner John Koskinen spoke on June 21 at the 7th Annual IRS-Tax Policy Center Joint Research Conference on Tax Administration in Washington, D.C. At the event, Koskinen discussed the IRS’s stake in tax reform from the perspective of tax administration. Tax Reform “No one would be more delighted with a […]

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CCH Tax Day Report The IRS is now accepting renewal applications for Individual Taxpayer Identification Numbers (ITINs) that are expiring at the end of 2017. Taxpayers should submit their renewal applications as soon as possible to avoid the rush and any processing delays. Taxpayers with expiring ITINs, who need to file a tax return in […]

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Growing your firm isn’t easy. While steering your existing clients towards more profitable engagements is one way to boost business, at some point you need to attract new clients. That’s easier said than done, of course. The accounting profession is more competitive than ever. So how do you win new business? Here are a few […]

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