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  • Tax Season 2020

    May 6, 2019

  • Concise Summary of New QBI Q&A

    April 30, 2019

  • An Unexpected QBI Problem

    April 24, 2019

  • Executive Compensation Update

    April 2, 2019

    The Tax Cuts and Jobs Act of 2017 (“TCJA”) made significant changes to the executive compensation deduction rules under Internal Revenue Code Section 162(m). TCJA expanded the definition of “publicly held corporation,” amended the definition of “covered employee” and eliminated the prior exclusion for performance-based compensation. This blog focuses on the issues around compensation and the grandfather rule.

  • Exceptional Performance Management Systems are an Exception

    March 25, 2019

    Quite naturally, many organizations over-rate the quality of their enterprise and corporate performance management (EPM/CPM) practices and systems. In reality they lack comprehensiveness and integration. For example, when you ask executives how well they measure and report either costs or non-financial performance measures, most proudly boast they are very good. This conflicts with surveys where anonymous replies from mid-level managers candidly score them as “needs much improvement.”

  • Reinventing the Finance Role

    March 18, 2019

  • Cash versus accrual - What's right for you?

    March 11, 2019

    It is important to pay attention to the special accounting method simplifications found in the Tax Cuts and Jobs Act, Section 13012.

  • Age and professionalism: Things you can do to combat being perceived as “too young”

    March 11, 2019

    In one form or another, each of us has heard of age discrimination, generally on the older side. But what about on the younger side? What if you excelled and ended up exceeding expectations in a management position or high-level role at a young age? Speaking from experience, I started working young, aged quickly in my teenage years, then seemed to stop aging around the time I hit 23 or 24. There is nothing more aggravating that being talked down to if you have as much or more experience as the person speaking, or having your ideas ignored. Here are seven ways you can help offset any initial perceptions of being too young.

  • U.S. v. Marc Berger A Cautionary Tale for Return Preparers

    March 4, 2019

    Written by Sharon L. McCarthy, JD, is a partner at Kostelanetz & Fink, LLP, New York, N.Y.

  • 6 funny TV shows that do taxes better than you do

    February 11, 2019

    Busy season is a stressful time for everyone. What better way to blow off steam than to watch "The Simpsons" and feel thankful you're not Homer?