Author Archives: Nick Spoltore, Esq.
It’s the season of healthcare limbo, but sometimes limbo can be good. On February 27, in Notice 2017-20, the IRS indefinitely suspended notice (and associated penalty) requirements for small employers who use Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs).
(Video) Forbes’ Tony Nitti On Why You Can Never Be Too Prepared for Tax Reform
By Nick Spoltore, Esq.
Though many of the details remain unclear, there’s a general consensus that tax reform is on its way. Forbes’ tax policy blogger, Tony Nitti, CPA, talks about why CPAs need to be prepared for any possible outcome, and why the time to start preparing is now.
As CPAs, we toss out the phrase segregation of duties quite a bit. But what does it mean? More importantly, do our clients understand what it means or why its important? Learn how to detect a segregation of duties by breaking a single transaction into 4 phases.
ASU No. 2016-02, Leases (Topic 842), the new lease accounting standard, is here. In this post, we highlight 10 items for consideration as you plan to adopt this standard.
Eligible educational institutions often file Form 1098-T. Should you receive this form, here are four common errors to watch for, and how to interpret them.
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.
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’s the buzz about the Border Adjustment Tax, and why should you pay attention to it?
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.
On January 17, the IRS published draft Form 7004 Instructions, extending the due date for C corporation returns to October 15, 2017.
