Main Street Practitioner – The NSA magazine for "Main Street" Tax and Accounting Progessionals

Highlights of Pertinent 2016 Tax Code Changes

As we all know, preparing a tax return is not merely entering a few figures on various schedules and allowing the software to compute the resulting liability.

Taxing the Gig Economy, Part 2: Nontraditional Home Rentals Aren’t Always a Perfect Fit with the Tax Law

Defining an on-demand rental – a spare room on Airbnb – for tax purposes can be difficult – potentially involving rules for small business, vacation homes, and passive activity losses.

Taxing the Gig Economy, Part 1: ‘Interesting Tax Situations’ Create Gray Areas for On-Demand Drivers

Here’s what we know and what we don’t know about business mileage deductions for drivers using ride-sharing apps working for today’s on-demand services like Uber and Lyft.

Avoid Lapses in Your Professional Liability Coverage

It’s important to maintain continuous professional liability coverage because most policies are written on a “claims-made” basis. This means coverage is triggered when the claim is made.

IRS Revenue Code Section 280: A Tax Potpourri

Internal Revenue Code section 280 is a conglomeration, a potpourri, and a mass of all kinds of stuff that the government decided to dump into one place.

Five Trends for the Modern Accountant in 2017

What will you focus on in 2017 to make your business better than it is now? What new skills and tools do you need to make changes?

Going Paperless this Tax Season? These Tips Make It Worthwhile

If you’re an accounting or tax professional and thinking about going paperless this tax season, these tips will turn a potentially negative experience into a positive one.

Sometimes Bad Things Just Happen

Nobody ever wants to lose a client. The foundation of client retention is avoiding the perception that what you provide is ordinary, widely available and easily replaceable.