IRS releases final rules on deductions for “pass-through” businesses

The IRS has released its final rules on a key tax break for businesses — the so-called “pass-through deduction.” The background: The new tax law cut taxes for corporations from 35 percent to 21 percent. But that didn’t apply to certain kinds of businesses, like LLCs and S corporations. They’re called pass-throughs, and they pay taxes based on their owner’s personal income, not the corporate tax rate. So Congress came…  Read more

This tax season, accountants are double-checking their software

These days, accountants and tax preparers use software to prepare and file your taxes. It allows them to do the calculations faster and to file online with the IRS. But it’s not always like that. In the Market Place article, Marielle Segarra interviews our director Andrea Parness about double-checking the software and how accountants have to remember the software is just a tool, and they can’t let it do all…  Read more

ProConnect™ Tax Customer Council Member Profile: Andrea Parness, CPA, CTC

Read about our director Andrea Parness in the new Intuit ProConnect article. Andrea explains why it is important being a member of Tax Customer Council and how can tax professionals keep up with all the changes in tax laws and regulations. Andrea Parness, CPA, CTC, is owner of A Parness Company CPA, a niche CPA firm in Belle Harbor, Queens, N.Y. She has written several articles as well a white…  Read more

How to Reduce Your Stress During Busy Season

Too much stress can be a true detriment to your tax practice, especially during busy season. According to the American Institute of Stress, 80 percent of workers feel stress on the job, while nearly half say they need help learning how to manage stress. Read more on Intuit ProConnect website  Read more

What is Your #1 Piece of Advice to Clients in 2019?

The new year brings with it new challenges and opportunities, especially considering the impact the Tax Cuts and Jobs Act has on tax year 2018. Read more about what our owner, Andrea Parness CPA and other Intuit® ProConnect™ Tax Pro Center authors advise to clients in 2019. Read full article  Read more

Are You Overlooking Your Business Growth Assets?

We believe that your CPA firm, those professionals who review your accounting data and evaluate your processes should be tapped as your business coaching and strategic planning partners. When we work with our clients, our goal is to help create a plan that will achieve those goals while utilizing their existing staff. We start our journey with the intent of creating a business road map and write across our whiteboard:…  Read more

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