FASB proposes last-minute changes to lease accounting rules
Related-party leases continue to be a sticking point, but help may be coming soon.
Outlook
News, views, and ideas shaping the future.
Search
Avleen Marwah
- 4 days ago
- 3 min
Year-end tax planning ideas for individuals
By planning ahead now, you may be able to save on your 2022 and 2023 tax bills. Here are some ideas to consider.
Janie Evans
- Sep 20
- 3 min
Don’t forget income taxes when planning your estate
You may not be worried about estate taxes, but you should still think about saving income taxes for your heirs.
Lydia Ritze
- Sep 16
- 2 min
Using agreed-upon procedures to target specific items of concern
If you want to know more about a specific account or nonfinancial matter, an agreed-upon procedures engagement may fit the bill.
Chris Luckhaupt
- Sep 7
- 2 min
Want to see into the future? Delve deeper into forecasting
Financial forecasting in action: If your business wants to see what’s ahead, historical data a expert opinion can help paint the picture.
Avleen Marwah
- Sep 7
- 2 min
Is your income high enough to owe two extra taxes?
The net investment income & additional Medicare tax on wage & self-employment income may have a significant effect for high-income folks.
Jordan Yeggy
- Sep 6
- 5 min
Clean Vehicle Credit comes with caveats
The Inflation Reduction Act’s Clean Vehicle Credit might alter the timing of purchasing a new or used qualifying electric vehicle. Learn why
Bailey Crane
- Sep 6
- 3 min
Year-end tax planning ideas for your small business
Before you know it, the end of 2022 will be near. Here are some year-end moves to consider that may help your small business save on taxes.
Linden Bumpass
- Sep 2
- 3 min
Is your current bad debt allowance reasonable?
In light of a recent survey of audit partners, many companies are re-evaluating their allowances for uncollectible receivables.
Gwen DiMeo
- Aug 31
- 3 min
IRS offers penalty relief for 2019, 2020 tax years
The IRS is providing broad-based penalty relief to most taxpayers who filed certain 2019 and/or 2020 tax returns late due to the COVID-19 pa
Joey Schroeder
- Aug 30
- 3 min
The Inflation Reduction Act: what’s in it for you?
Inflation Reduction Act - You may qualify for a tax break if you purchase energy-saving property for your home or an electric vehicle.
Charlie Halcomb
- Aug 29
- 3 min
New law puts “book income” in the crosshairs
Accounting professionals are concerned that Inflation Reduction Act could compromise the perceived objectivity of US accounting rulemakers.
Michelle Grant
- Aug 29
- 2 min
Inflation Reduction Act provisions of interest to small businesses
The new Inflation Reduction Act provides small businesses with an incentive to increase their investments in research.
Joe Edwards
- Aug 24
- 2 min
Evaluating an ESOP from a succession planning perspective
Business owners: If combining an employee retirement plan with a succession planning vehicle intrigues you, check out an ESOP.
Chris Collins
- Aug 23
- 3 min
Home sweet home: Do you qualify for office deductions?
Many people still work from home after the pandemic. Some qualify for home office deductions, but not all of them do. Here are the rules.
Gwen DiMeo
- Aug 22
- 3 min
Self-employed? Build a nest egg with a solo 401(k) plan
If you run a one-person small business, you might be able to build a bigger retirement nest egg with a solo 401(k) plan. Here are the rules.
Sarah Dmytryk
- Aug 16
- 2 min
An “innocent spouse” may be able to escape tax liability
In some cases, a spouse is unaware of the income of the other spouse & must still pay the tax bill even if they divorce. Is there relief?
Jay Rueger
- Aug 15
- 5 min
The Inflation Reduction Act includes wide-ranging tax provisions
The Inflation Reduction Act is about to become law. Learn how its tax provisions might affect you.
Kristin Rohlfs
- Aug 9
- 3 min
Estimated tax payments: Who owes them and when is the next one due?
Even if you're not self-employed, you may have to make quarterly estimated tax payments to avoid a penalty. Here are the rules.
Mike Hawkins
- Aug 8
- 3 min
CHIPS Act poised to boost U.S. businesses
The CHIPS Act was recently passed by Congress. Among its provisions is an investment tax credit for manufacturing facilities & equipment.