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Many high-net-worth clients with substantial real estate holdings were relieved to learn that the 2017 tax reform legislation did not eliminate the valuable like-kind exchange rules as they apply to real estate investments. While this continues to be the case, new complexities...

source: ThinkAdvisor

Despite vocal opposition to the idea, a ballot measure lowering North Carolina’s income tax cap headed to victory recently. Although opponents spent more than $1.1 million campaigning against the ballot measure, the constitutional amendment lowers the state’s...

source: Governing

Voters said “No” to tax increases in ballot initiatives across the country in the midterm elections. There were initiatives to raise taxes on high earners. Those failed. And there were initiatives to cap, limit or restrict taxes. Most of those passed.

source: Forbes

To achieve success, accountants must understand the importance of investing in themselves. This means building up their skills beyond crunching numbers and preparing tax returns. It’s important for modern accountants to improve valuable skills and build on their strengths...

source: CPA Practice Advisor

The International Integrated Reporting Council and several other leading corporate bodies, including the Sustainability Accounting Standards Board, the Global Reporting Initiative and the Carbon Disclosure Project, announced plans to align their standards and frameworks...

source: Accounting Today

The IRS has just announced the inflation-indexed adjustments for qualified retirement plans, such as 401(k) plans, and IRAs for 2019 (Notice 2018-83, 11/1/18). As opposed to recent years, in which annual changes were generally nonexistent or minimal, most plan limits are...

source: AccountingWEB

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