With the effective date of both SSAE No. 18 and SSARS No. 23 just around the corner, now is the time to get up to speed on attestation engagements and the changes brought about by these new standards.
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President Trump Orders Review of DOL Fiduciary Regulations
President Trump issued a memorandum on February 3, 2017 directing the acting Secretary of Labor to review the DOL fiduciary regulations scheduled to take effect in April 2017, ordering an economic and legal analysis of the impact of these regulations. The President’s memo is not the first time Republications have sought to repeal the DOL fiduciary regulations.
What You Need To Know About the Border Adjustment Tax
What’s the buzz about the Border Adjustment Tax, and why should you pay attention to it?
When Fraud Causes a Not-for-Profit to Close its Doors*
Charlie Blanton, CPA, expert in fraud and abuse in not-for-profit entities and governments, offers his advice for not-for-profits when it comes to fraud protection.
Surprise, Surprise for C Corporation Extensions
On January 17, the IRS published draft Form 7004 Instructions, extending the due date for C corporation returns to October 15, 2017.
FASB Makes It Easier to Test for Goodwill Impairment while the SEC Cracks the Whip on SAB 74 Disclosures
The Financial Accounting Standards Board (FASB) has been very active in early 2017, having issued three Accounting Standard Codification (ASC) Updates this past week. Here’s a quick summary of the new Updates.
Trump’s 1 For 2 Order Cuts Down Regulations
President Trump signed the Reducing Regulation and Controlling Regulatory Costs Executive Order on January 30, 2017 with the intent to scale back federal regulations. It contains a provision requiring agencies to cut two existing regulations for each new regulation put forth.
Lien Foreclosure & Subsequent Sale of Property Owned by Innocent Party OK’d in District Court: What this Means for Property Co-Owners
Lien Foreclosure & Subsequent Sale of Property Owned by Innocent Party was recently OK’d in District Court. Surgent's Director of Tax & Advisory Content shares his thoughts on why tax delinquency issues should be explored among co-owners prior to purchase and titling.
IRS Guidance Permits Same-Sex Couples to Recalculate Tax Treatment on Prior Gifts or Bequests
The IRS posted guidance (2017-15) permitting same-sex married couples to recalculate the prior transfer tax treatment of gifts and bequests made before the U.S. Supreme Court deemed Defense of Marriage Act (DOMA) unconstitutional.
2017 Tax Season Just Kicked Off: Here’s Your Playbook
As you prepare to file taxes for your clients and yourselves this tax season, we’ve highlighted the most important tax court decisions, tax law changes, and IRS rulings that will impact your filings.