Accounting
Top stories summarized by our editors
2/19/2019

Long-term-care costs can be difficult to predict. They can put a significant strain on certain clients' finances, while other clients may not need much or any paid care. "It's a very individual math problem to solve for each client," said Brooke Salvini, CPA/PFS, who asks clients questions to help them predict how much they might need to spend. Access the practical retirement planning guide (open to PFP Section members) for more information on this topic.

Full Story:
Kiplinger online
More Summaries:
Brooke Salvini
2/19/2019

A medical insurance advocate can help clients ensure that their medical bills are reasonable and achieve cost savings where possible. CPA financial planners can refer clients to these advocates or contract with them directly.

Full Story:
The CPA Journal
2/19/2019

Advisers and clients may face lower returns in the coming years, but the wealthiest clients may benefit from private equity investments. Still, accessing top fund managers can be challenging, and PE investments may involve illiquidity risk.

2/19/2019

The Tax Cuts and Jobs Act made several changes that may lead to client questions during the current filing season. This article offers guidance on topics such as alimony and tax refunds from experts including Julie Welch, CPA/PFS, and Tyler Mickey, CPA/PFS.

More Summaries:
Julie Welch
2/18/2019

US Commerce Secretary Wilbur Ross has submitted to President Donald Trump findings of an investigation into whether imported vehicles threaten national security. Trump has 90 days to determine whether action, such as tariffs, is needed.

Full Story:
Reuters
2/15/2019

With a proposed standard and an invitation for comment, the Financial Accounting Standards Board has taken a step forward in resolving challenges in rules for recognizing and measuring deferred revenue in business combinations.

2/15/2019

It's possible to install the latest Microsoft Excel prerelease beta features for free if you are an Office 365 subscriber of Excel.

More Summaries:
Microsoft
2/15/2019

Among changes to bonus depreciation rules is an increase in the deduction percentage to 100% and the addition of used property as qualifying for the deduction. Find out how proposed regulations define the provisions.

Full Story:
The Tax Adviser
2/15/2019

Alaska tops a ranking of states that offer the most tax-friendly treatment of the middle class. The GOBankingRates study considers total sales tax, income tax and property tax.

Full Story:
CNBC
2/15/2019

Both houses of Congress have passed legislation to head off another government shutdown. White House press secretary Sarah Huckabee Sanders has indicated President Donald Trump will sign the bill while declaring a national emergency to get funding for a border wall.