IRS and Treasury finalize Opportunity Zone guidance

The Internal Revenue Service has issued final regulations providing details about investment in qualified opportunity zones (QOZ).

Business Executives Regain Some Optimism on U.S. Economy but Trim Profit Outlook, AICPA Survey Finds

The index component for optimism about the U.S. Economy gained 4 points to 64 but remains down 7 points from fourth quarter 2018.

Business OwnersThe Doty GroupDecember 9, 2019AICPA, Economic OutlookComment

National Tax Security Awareness Week, Day 4: IRS, Security Summit warns business owners about being targets for identity thieves

Business, partnerships and estate and trust filers should be alert to potential identity theft and contact the IRS if they experience any of these issues.

Business Owners, IRS NewsThe Doty GroupDecember 5, 2019National Tax Security Awareness Week, Tax Security, Security SummitComment

National Tax Security Awareness Week, Day 3: Creating strong passwords can protect taxpayers from identity theft

A strong password helps protect your online accounts and the sensitive data contained within them.

National Tax Security Awareness Week, Day 2: Don’t take the bait: Recognize, avoid phishing scams from identity thieves

More than 90% of all data thefts begin with an email phishing scam. Here’s what to look out for.

FASB Issues Narrow-Scope Improvements to Credit Losses Standard

The new Accounting Standards Update clarifies areas of guidance so organizations can more smoothly transition to the standard.

Real Estate Tax Tips - Involuntary Conversions

An involuntary conversion, or ‘1033 exchange’, is similar to a ‘1031/like-kind exchange,’ but more generous in some ways, and can occur in various situations such as destruction, seizure, theft, requisition/condemnation, or threat thereof to investment property.

Rules for Issuing Form 1099 for 2019

A reminder of the rules and regulations in respect to the issuance of Form 1099

Business Owners, From The Doty Group, ServicesThe Doty GroupNovember 18, 2019Form 1099, Accounting Services, Reminders, 1099-MiscComment

U.S. Department of Labor Releases Updated Technical Assistance Guide for Construction Industry Contractors

The guide assists contractors in meeting their legal requirements and responsibilities for equal employment opportunity by preventing violations before they occur.

Business OwnersAidan HeltNovember 14, 2019Department of Labor, Compliance, Construction IndustryComment