FYI


  The Financial Accounting Foundation announced the appointment of Carol A. Kraus, CPA, to represent the National Association of State Budget Officers on the Governmental Accounting Standards Advisory Council. GASAC serves as an advisory group to GASB, the body responsible for establishing and improving financial accounting and reporting standards for state and local governments. Kraus is an associate director in the Illinois governor’s Office of Management and Budget.

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Tax reform complicates year-end tax planning

Get your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.

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What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.