All in all, it is a good time to be in the tax profession. While schools across the country are graduating record numbers of finance…
Defining ‘Reasonable Compensation’ under the Tax Code
A Subjective Concept and Perennial Debate
In Brief Corporate tax deductions for executive compensation are a contentious topic, governed as they have been by the tax code's nebulous use of the…
Hidden Tax Savings when Raising Employee Compensation
Options for Shareholder-Employees and Domestic Production
When raise and bonus discussions arise, managers often fail to fully consider the tax implications of such decisions. While an increase in the company's compensation…
RPA | Department of Labor Finalizes Retirement Advice Regulation
A Practical Perspective for 401(k) Plan Sponsors and Investment Committees
The retirement plan marketplace has confused, if not outright misled, CPAs, their plan sponsor clients, and investment committees with the many types of non-fiduciary and…
Overtime Pay for Staff Accountants I read with interest the article regarding overtime pay for staff accountants (The CPA Journal, December 2015, pp. 52–56). My…
In August 2015, the SEC, by the narrowest of margins (3 votes for, 2 against), adopted the long-awaited and politically charged rule requiring large U.S.…