News

Business valuation advisory services are in high demand, serving an important role in tax, litigation and financial reporting.

Turnout is always an issue for a runoff, but with the Republican nominations for Attorney General and Lieutenant Governor still undetermined, voters have little reason to be indifferent. Additionally, there will be a Republican runoff in the race for Alabama’s 2nd Congressional District, where Congressman Martha Roby (R—AL) faces her predecessor, former Congressman Bobby Bright, whom Roby ousted in 2010. Bright has changed parties and launched a campaign premised on his support for President Trump, aimed at emphasizing Roby’s lack thereof. However, President Trump has endorsed Roby and been critical of Bright, which has curbed his campaign’s momentum. The report compiled below provides a summary of each runoff race.

The CFO of digital payments company Square gives her view on a cashless future, business-as-a-service, cryptocurrency, and data science.

An escalating tariff tit-for-tat between the US, Canada, China, the EU, and Mexico is producing its first fallout, and companies are responding to the increased costs of goods.

It’s going to cost your small business clients to hire this summer, but at least the wages are deductible on their annual returns. Even better, if they hire workers from one of several “target groups,” a portion of the wages may qualify for a special tax credit.

As part of a larger effort to help taxpayers, the Internal Revenue Service plans to streamline the Form 1040 into a shorter, simpler form for the 2019 tax season.

Business valuation is a rapidly growing aspect of advisory services. Generational wealth transfers, the global economy, tax reform’s effect on family law and the transition in corporate balance sheet value from tangible to intangible assets have all added complexity to valuation, leading to higher demand for qualified valuation professionals.

Someone needs to verify the link between digital records and physical objects.

The IRS is working on a draft version of the 2018 Form 1040, U.S. Individual Income Tax Return, that reduces the size of the form to two half-pages in length and eliminates more than 50 lines, compared to the 2017 version of the form. The draft form moves many items that in the past have appeared on the face of the 1040 to various new schedules.

We’ve identified areas requiring immediate IRS attention and offered comments to the IRS and Treasury to influence guidance in a way that best serves you. These items affect your business, and we hope to influence any Treasury or IRS guidance in a way that serves you best.