A recent case in which a married couple who owned a business together were subject to penalties for late filing of partnership returns illustrates why those in similar situations should elect to be taxed as qualified joint ventures.
The Tax Cuts and Jobs Act has changed calculations for the so-called kiddie tax, so children face the same tax rates as trusts do. Here is a look at the implications of this change, as well as strategies that might be appropriate.
Several startups and major car brands are working on autonomous vehicles, and the technology offers potential for retirement communities where not everyone can drive. However, there are key questions that need to be answered.
AICPA Chair Eric Hansen, CPA, CGMA, shares his insights on the top issues facing small firms, as well as the ways practitioners can plan for today and tomorrow.
The first step to increased productivity is to stop acting and instead reflect on where we are and where we want to be, writes Naphtali Hoff. His other recommendations include scheduling the time we need and taking care of our bodies through activities and habits such as stretching, sleep and healthy eating.
"When a CEO's brand becomes one and the same with the organization, his or her actions are more likely to be magnified, scrutinized, glorified, or vilified," writes IIA President and CEO Richard Chambers. "And that poses a new level of risk that many organizations may not be prepared to handle."
Future retirees might struggle to determine what kind of monthly income savings will generate when they stop working. Here are multiple ways to get an idea of what that number will be.