Category Archives: Uncategorized

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IRS addresses whether college NIL collectives further an exempt purpose

Category:Uncategorized

A memo from the IRS Office of Chief Counsel advises that an organization that develops paid NIL opportunities for student-athletes will, in many cases, be operating for a substantial nonexempt purpose—serving the private interests of student-athletes—which is more than incidental to any exempt purpose furthered by the activity.
Source: Tax News
Read More here – IRS addresses whether college NIL collectives further an exempt purpose


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IRS addresses whether college NIL collectives further an exempt purpose

Category:Uncategorized

A memo from the IRS Office of Chief Counsel advises that an organization that develops paid NIL opportunities for student-athletes will, in many cases, be operating for a substantial nonexempt purpose—serving the private interests of student-athletes—which is more than incidental to any exempt purpose furthered by the activity.
Source: JOA News
Read More here – IRS addresses whether college NIL collectives further an exempt purpose


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5 things to stop doing in your firm

Category:Uncategorized

Stop putting clients first? Stop making revenue the primary objective? Presenters at ENGAGE explain how these counterintuitive moves could help move your firm in the right direction.
Source: JOA News
Read More here – 5 things to stop doing in your firm


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How accountants can make a smooth career transition

Category:Uncategorized

This article discusses steps to take to increase your chances of success when you seek to switch careers.
Source: JOA News
Read More here – How accountants can make a smooth career transition


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Penalty for underpayment of estimated corporate AMT waived for 2023

Category:Uncategorized

The IRS waived the penalty for corporations that did not make estimated payments of corporate AMT for their 2023 tax year, saying the move is “in the interest of sound tax administration.”
Source: Tax News
Read More here – Penalty for underpayment of estimated corporate AMT waived for 2023


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Penalty for underpayment of estimated corporate AMT waived for 2023

Category:Uncategorized

The IRS waived the penalty for corporations that did not make estimated payments of corporate AMT for their 2023 tax year, saying the move is “in the interest of sound tax administration.”
Source: JOA News
Read More here – Penalty for underpayment of estimated corporate AMT waived for 2023


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The impact of AICPA Town Hall — from episode No. 1 to No. 100

Category:Uncategorized

From its launch in the early days of the pandemic through Tuesday’s milestone episode, Town Hall has kept more than 800,000 viewers informed about the most important issues affecting the profession.
Source: JOA News
Read More here – The impact of AICPA Town Hall — from episode No. 1 to No. 100


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CPA.com announces launch of generative AI initiative

Category:Uncategorized

The AICPA’s business and technology subsidiary announced plans to deliver a series of initiatives to build awareness and understanding of generative AI for the accounting profession.
Source: JOA News
Read More here – CPA.com announces launch of generative AI initiative


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National taxpayer advocate: A paperless IRS is possible

Category:Uncategorized

NTA Erin Collins said at AICPA & CIMA ENGAGE 2023 that the IRS has a goal of being “paperless” by 2025, by which it means anything taxpayers file on paper would be scanned.
Source: Tax News
Read More here – National taxpayer advocate: A paperless IRS is possible


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National taxpayer advocate: A paperless IRS is possible

Category:Uncategorized

NTA Erin Collins said at AICPA & CIMA ENGAGE 2023 that the IRS has a goal of being “paperless” by 2025, by which it means anything taxpayers file on paper would be scanned.
Source: JOA News
Read More here – National taxpayer advocate: A paperless IRS is possible