By: Karen Brosi

The Bipartisan Budget Act of 2018

The Bipartisan Budget Act of 2018

We promised not to bother you during tax season unless it was crucial. The Bipartisan Budget Act of 2018, signed February 9, 2018, makes changes you need to know about for 2017 tax returns. In addition to keeping the government open, the bill retroactively extended 30 tax provisions that expired December 31, 2016. In most cases, the new expiration date for those provisions is December 31, 2017

View a comprehensive list of extended items. (PDF)

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By: Western CPE

Instructor Spotlight: Karen Brosi

Instructor Spotlight: Karen Brosi

“Practical” is a word often associated with Karen Brosi. As we sat down for an interview in our snowy Bozeman, Montana office, Karen talked about her background as a tax professional and the upcoming challenges for CPAs in the New Year.

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By: Vern Hoven

Tax Reform Highlights

On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act, an 1,101 page document into law. Here is a chart that briefly summarizes the major provisions affecting our business clients, including corporations, partnerships and sole proprietorships.

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By: Sharon Kreider

Tax Reform: The 2018 Tax Bill

Although some have criticized the process and the policy decisions in the formulation of this major tax system overhaul, we in the tax and accounting industry wanted action and less talk about "maybe this will change and maybe that will stay." We are about to get our wish for something—anything—in concrete so we can get tax plans in place before year end and have answers to the many questions our clients are asking about what tax reform does to their 2018 tax bill.

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By: Mark Mirsky

Proposed Tax Reform Provisions by the House and Senate

There are differences between the tax reform provisions proposed by the House and Senate. More changes are likely to occur as the Senate votes on its version in the next several days. Then, there must be a reconciliation of differences before we finally see the Tax Cuts and Jobs Act head to the President's desk for signature.

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By: Sharon Kreider

Tax Reform Bill Introduced Nov 9, 2017

There will be many changes before we see final tax reform legislation making its way to the President’s desk as donors, lobbyists, and constituents weigh in. Here is a comparison chart that briefly summarizes the major proposals affecting our individual client.

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By: Sharon Kreider

House Ways and Means Committee Releases Its TCJA in First Effort Toward Tax Reform

On Thursday, the House Ways and Means Committee released a 429-page bill aimed at tax reform. The Tax Cuts and Jobs Act has winners and losers. The losers are already lining up to lobby for changes to reinstate and protect their precious “sacred cows” Thus, as you would expect, this legislation has a long way to go before it is on the President’s desk. Here is a brief summary of this first try at tax reform1.

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By: Stephen M. Yoss, Jr.

Protecting Yourself and Your Clients Against Ransomware

Protecting Yourself and Your Clients Against Ransomware

Ransomware attacks are an increasing threat to the public. These attacks indiscriminately affect countless computers and can cause permanent loss of personal, organizational and client data every year. These attacks are responsible for billions of dollars in lost productivity, damaged reputation, and direct financial loss. Even the IRS has warned tax professionals that ransomware attacks are on the rise worldwide, and has launched a security awareness campaign called “Don’t take the Bait” to help tax professionals navigate these threats. You may be asking yourself, “what is a ransomware attack”? Or more importantly, “how do I protect myself, my organization, and my clients from them?

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