TNTAP Business and F&E Updates
The Department of Revenue has important updates about business tax and franchise and excise tax. This includes information about new account numbers, consolidation and other filing tips.
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All Featured (71) For the Public (45) Business & Industry News (3) Chapter News (1) Legislative News (0) Regulatory News (11) Tax News (40) Young CPAs (0)Showing : 1–10 of 74
IRS Provides Guidance on Parking Fringe Expenses and Unrelated Business Taxable Income, Penalty Relief to Tax-Exempt Organizations
The Internal Revenue Service recently issued interim guidance regarding the treatment of qualified transportation fringe benefit expenses paid or incurred after Dec. 31, 2017. The new rules assist taxpayers in determining the amount of parking expenses that are no longer tax deductible. They also help tax-exempt organizations determine how these nondeductible parking expenses create or increase unrelated business taxable income.
View MoreIRS Provides Guidance on Stock Options and Restricted Stock Units Tax Benefit for Private Corporations’ Employees
The Internal Revenue Service recently issued Notice 2018-97, offering guidance on a recent tax law change that allows qualified employees of privately-held corporations to defer paying income tax for up to five years on the value of qualified stock options and restricted stock units granted to them by their employers.
View MoreIRS Announces Interest Rate Increase for the First Quarter of 2019
The Internal Revenue Service recently announced that interest rates will increase for the calendar quarter beginning Jan. 1, 2019.
View MoreIRS Issues Proposed Regulations on New Business Interest Expense Deduction Limit
The Internal Revenue Service issued proposed regulations recently for a provision of the Tax Cuts and Jobs Act, which limits the business interest expense deduction for certain taxpayers. Certain small businesses whose gross receipts are $25 million or less and certain trades or businesses are not subject to the limits under this provision.
View MorePaul Arab Graduates from AICPA Leadership Academy
Paul Arab, CGMA, CIA, CPA was one of only 41 CPAs honored by the American Institute of CPAs as a member of the Leadership Academy's tenth graduating class. Arab was selected based on his exceptional leadership skills and professional experience for the four-day Leadership Academy program on Oct. 7-11 in Durham, N.C.
View MoreInflation Adjustments and Tax Tables for 2019
The Internal Revenue Service recently announced the tax year 2019 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
View MoreGive Back on #GivingTuesday
Consider giving to the Educational & Memorial Foundation of the Tennessee Society of CPAs this holiday season.
View MoreTNTAP Updates and Tips Based on TSCPA Feedback
The Department of Revenue made some changes to TNTAP based on your input. This includes an improved account lookup, adding information for your client and an update to marital joint accounts.
View MoreNew Firm Permit Renewal Requirement: Peer Review Firm Number
The Tennessee State Board of Accountancy is now requiring that firms enrolled in the peer review program provide a Peer Review Firm Number on the firm permit renewal application for 2018.
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