Monthly Archives: April 2019

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Safe harbor issued for valuing pro sports trades

The IRS will permit professional sports teams that trade player contracts to recognize zero gain if both parties to the exchange adopt the safe harbor and do not exchange cash.
Source: JOA News
Read More here – Safe harbor issued for valuing pro sports trades


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AICPA asks government to issue more QBI deduction guidance

The AICPA asked Treasury and the IRS to issue additional guidance on Sec. 199A beyond the recently finalized regulations and a proposed revenue procedure in the form of a notice on a safe harbor for rental real estate.
Source: Tax News
Read More here – AICPA asks government to issue more QBI deduction guidance


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AICPA asks government to issue more QBI deduction guidance

The AICPA asked Treasury and the IRS to issue additional guidance on Sec. 199A beyond the recently finalized regulations and a proposed revenue procedure in the form of a notice on a safe harbor for rental real estate.
Source: JOA News
Read More here – AICPA asks government to issue more QBI deduction guidance


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Ways to keep your talented CPAs

Flexible scheduling can ward off burnout and help retain staff.
Source: JOA News
Read More here – Ways to keep your talented CPAs


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Lease accounting tips for public and private companies

Public companies are finding that even though they have implemented FASB’s new lease accounting standard, their work is not nearly done. Private companies, meanwhile, are struggling with their own adoption of the standard.
Source: JOA News
Read More here – Lease accounting tips for public and private companies


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The barriers to enhanced risk oversight

One theme that has emerged from ten years of survey data on risk management: It’s not getting any easier.
Source: JOA News
Read More here – The barriers to enhanced risk oversight