Paychex has introduced real-time data integration from the Paychex General Ledger Service to QuickBooks Online. The integration enables data to flow from Paychex GLS into QBO through a link and sync tool in GLS.

The Internal Revenue Service has issued interim guidance transportation fringe benefit expenses paid or incurred after Dec. 31, 2017. The rues assist taxpayers in determining which parking expenses are no longer tax deductible also aid tax-exempt organizations in determine how nondeductible parking expenses create or increase unrelated business taxable income.

The Internal Revenue Service has issued proposes regulations on foreign tax credits for businesses and individuals for tax years starting with 2018. The regulations would implement changes made under the the 2017 Tax Cuts and Jobs Act.