Top Accounting News – 3/25/18
Here is this week’s Top Accounting News roundup:
Although the IRS has already issued warnings to tax professionals regarding increased criminal activity at the onset of tax season, new cyber criminal tactics are making it more difficult to sidestep security breaches. Read the full article for the latest cyber scam targeting tax pros.
The recent changes in tax reporting have several actors looking to re-evaluate their filing status. Due to their unique industry and expenses, actors are seeing a benefit to incorporating in order to save money. Find out why.
Recent changes to legislation regarding mid-level banks has creating regulatory exemptions that may prove very favorable for accountants. Get the scoop on what’s changed and what it means for accountants.
Influencers in the retail industry have come out in strong opposition to the recent tariffs imposed on China. They predict the consequences of moving forward with such a tariff will equate to a $50 billion dollar tax burden on the American consumer. Read the predicted consequences of the new tariffs and how the retail industry plans to fight back.
For more information see our other Blog posts!