Speaker of the House Nancy Pelosi (D-CA) speaks during her weekly news conference at the U.S. Capitol on August 6, 2020 in Washington, DC. Stefani Reynolds | Getty Images The House passed a bill Tuesday that would fund the government into December and avoid a shutdown before a Sept. 30 deadline.  After clearing the House […]

The IRS on Monday issued final regulations (T.D. 9918) clarifying that certain expenses incurred by, and certain excess deductions upon the termination of, an estate or nongrantor trust are not affected by the suspension of miscellaneous itemized deductions for tax years 2018 through 2025. The regulations also provide guidance on determining the character, amount, and […]

The IRS issued final regulations (T.D. 9916) providing guidance on additional first-year (bonus) depreciation under Sec. 168(k), which was amended by the law known as the Tax Cuts and Jobs Act, P.L. 115-97. T.D. 9916 provides taxpayers with guidance on issues involving the application of Sec. 168(k) that were not addressed in 2019 final regulations […]

Hali Fisher, 24, waits in line to vote at Riverside High School, 1615 E. Locust St. in Milwaukee on Tuesday, April 7, 2020. The Wisconsin primary is moving forward in the wake of the coronavirus epidemic after Gov. Tony Evers sought to shut down Tuesday’s election in a historic move Monday that was swiftly rejected […]

Seventeen years ago this week I began providing bookkeeping and payroll support to a few local businesses.  Three and a half years later I needed to move out of home to an office because work had increased, the files were taking over what little space we had and I needed someone to help.  I started […]

U.S. Secretary of State Mike Pompeo listens during the third annual U.S.-Qatar Strategic Dialogue at the State Department in Washington, U.S., September 14, 2020. Erin Scott | Reuters WASHINGTON — The Trump administration is set to announce a slew of fresh sanctions and additional measures in support of Washington’s maximum pressure campaign against the Iranian […]

U.S. Secretary of State Mike Pompeo listens during the third annual U.S.-Qatar Strategic Dialogue at the State Department in Washington, U.S., September 14, 2020. Erin Scott | Reuters WASHINGTON — The Trump administration is set to announce a slew of fresh sanctions and additional measures in support of Washington’s maximum pressure campaign against the Iranian […]

Our 2021 tax returns weren’t something we were thinking about back in March 2020. We were all focused on getting our employees set up for work at home. Today, we’re into about the sixth month of working remotely. If you haven’t considered what your 2021 tax filings will look like, now is the time to […]

Investing around Environmental, Social and Governance factors (ESG) is here to stay. Not only that, but the theme has “established itself this year” as a mainstream way for investors to capture gains while reflecting certain moral values, Luke Oliver, head of index investing for the Americas at DWS Group, told CNBC’s “ETF Edge” on Monday. […]

With the fall semester just underway, and cases of coronavirus rising at colleges across the country, one school after another is pivoting to distance learning. That doesn’t sit well with students who signed up for — and paid for — on-campus instruction. Although Virginia Commonwealth University adopted a hybrid approach with a combination of in-person and […]