If your firm has trouble attracting high-quality accounting staff, it’s tempting to place the blame outward. Universities aren’t producing enough accounting graduates. Large firms use their vast resources to grab the best candidates. Millennials don’t want to put in the hard work you expect. However, don’t overlook internal factors that might be contributing to your […]

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CCH Tax Day Report Oklahoma uniform tax procedure provisions have been amended to allow certain taxpayers to enter into a voluntary disclosure agreement (VDA) to report and pay outstanding tax liabilities. Eligible taxpayers include those who: — do not have outstanding tax liabilities other than those reported pursuant to a VDA, — have not been […]

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CCH Tax Day Report The Hawaii Department of Taxation has adopted temporary amendments to the income tax rule defining the term “substantial gainful business or occupation”. Under the amended rule, for purposes of determining whether a taxpayer is engaged in a substantial gainful business or occupation, earned income includes wages, salaries, tips, business interest income, […]

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CCH Tax Day Report A taxpayer could not claim an escheated property under the California Unclaimed Property Law as an assignee of a financial title company (company) because the company was a suspended corporation that lacked the legal capacity to prosecute an action. The taxpayer contended that it should not be subject to a lack […]

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CCH Tax Day Report The Alabama Department of Revenue has revised a chart that reflects the latest information concerning the counties and municipalities that have notified the department regarding their participation in the “back-to-school” sales tax holiday being held from July 21 through July 23, 2017. The updated chart reflects the participation by Anniston, Clayton, […]

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CCH Tax Day Report The House Ways and Means Committee heard from the business community about the proposed border adjustment tax on May 23. House Republicans have proposed a border adjustment tax as a revenue raiser for comprehensive tax reform (TAXDAY, 2017/05/23, C.1). Background In 2016, House Republicans unveiled their “Better Way Tax Reform Blueprint,” […]

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