Monthly Archives: February 2019

FASAB proposes amendments to federal standards for leases

The Federal Accounting Standards Advisory Board is looking for input on some proposed changes. Source: Payroll News

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Why a diversified marketing system is better

Don’t be a one-trick pony. Source: Payroll News

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Tax Fraud Blotter: The spirit was weak

Underfoot and underhanded; hysterical hysterectomy; no way to get a head; and other highlights of recent tax cases. Source: Payroll News

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Tax refund totals down from last year, Mnuchin touts weekly jump

The average tax refund increased 1.3 percent compared to last year, but the total value of those checks and the number of people receiving the payments continued to drop steadily in the first filing season under the new tax law. … Continue reading

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Senators introduce retroactive tax extenders and disaster tax relief bill

The legislation would retroactively extend tax provisions that expired at the end of 2017 and 2018 through the rest of 2019. Source: Payroll News

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The biggest threats to profitability in professional services firms

Shifting dynamics — both internally and externally — make for a challenging market. Without careful supervision, it’s easy to make mistakes that can impact profit. Source: Payroll News

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GASB proposes implementation guidance for lease accounting

The board posted a proposed guide Thursday, with a set of questions and answers about the new standards. Source: Payroll News

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What you need to know about the federal opportunity zone program

The program encourages the private sector to diversify their investment portfolio while revitalizing urban and rural districts that face economic challenges. Source: Payroll News

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U.S. tax refunds up 17% in latest data set, Mnuchin says

Tax refunds in the U.S. jumped 17 percent week over week, Treasury Secretary Steven Mnuchin said. Source: Payroll News

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N.J.’s record high property tax bills show a glint of good news

New Jersey’s average property tax bill hit a record for a high-cost state whose residents were stung by the cap on deductions for state and local taxes. Source: Payroll News

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