AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.
TAX PRACTICE MANAGEMENT
August 2025 - The Tax Adviser
TAX ACCOUNTING
Are you doing all you can to keep the cash method for your clients?
A passthrough entity business cannot use the cash method of accounting if it is classified as a syndicate. This article discusses this rule and ways a passthrough entity business that is currently not a syndicate can avoid being reclassified as one and losing the use of the cash method.
TAX CLINIC
employee benefits & pensions
FOREIGN INCOME & TAXPAYERS
partners & partnerships
procedure & administration
COLUMNS
TAX PRACTICE RESPONSIBILITIES
CAMPUS TO CLIENTS
employee benefits & pensions
Profits interests: The most tax-efficient equity grant to employees
By granting them a profits interest, entities taxed as partnerships can reward employees with equity. Mistakes, however, could cause challenges from taxing authorities.
