Accounting
IRS delays tax deadline until May 17
The Internal Revenue Service has pushed back the tax-filing deadline until May 17 after heavy pressure from Congress and tax and accounting groups. ]] Original Article Posted at : https://www.accountingtoday.com/news/irs-delays-tax-deadline-until-may-17
Read MoreCould you pass the CPA Exam if you took it in another language?
How many of us U.S.-born CPAs could move to another country and communicate well enough to advance in a CPA-related job where that country’s main language is not English? ]] Original Article Posted at : https://www.accountingtoday.com/opinion/could-you-pass-the-cpa-exam-if-you-took-it-in-another-language
Read MorePlug Power rocked by accounting errors after 1,400% surge
Plug Power Inc.’s accounting errors sent shares of the fuel-cell maker plunging on Wednesday, dragging down its peers. ]] Original Article Posted at : https://www.accountingtoday.com/articles/plug-power-rocked-by-accounting-errors-after-1-400-surge
Read MoreTax fraud on green land spurs crackdown: ‘The IRS hates these’
Syndicated conservation easement deals cheat the IRS out of an estimated $250 million by overvaluing deductions. ]] Original Article Posted at : https://www.accountingtoday.com/articles/tax-fraud-on-green-land-spurs-crackdown-the-irs-hates-these
Read MoreBiden vows to raise taxes on anyone earning over $400K
President Joe Biden said anyone earning more than $400,000 a year would see a tax increase under his forthcoming economic program, highlighting the administration’s plans to address inequality in part through levies on the wealthy. ]] Original Article Posted at : https://www.accountingtoday.com/articles/biden-vows-to-raise-taxes-on-anyone-earning-over-400k
Read MoreSanders, Warren want to raise taxes to rein in excessive CEO pay
Companies that pay their chief executives at least 50 times more than the typical employee would face higher taxes under a new bill offered Wednesday by Senators Bernie Sanders and Elizabeth Warren. ]] Original Article Posted at : https://www.accountingtoday.com/articles/sanders-warren-want-to-raise-taxes-to-rein-in-excessive-ceo-pay
Read MoreU.S. Treasury has sent out $242B in stimulus checks so far
The Treasury Department and Internal Revenue Service have distributed more than half of the $410 billion in stimulus payments to individuals that Congress approved earlier this month. ]] Original Article Posted at : https://www.accountingtoday.com/articles/u-s-treasury-has-sent-out-242b-in-stimulus-checks-so-far
Read MoreU.S. COVID-19 Relief Provided More Than $60,000 in Benefits to Many Unemployed Families
With passage of the American Rescue Plan (ARP), much of the $6 trillion in relief over the past year was directed to the unemployed in unemployment insurance (UI) benefits and to low- and moderate-income households in stimulus payments and child tax credits (CTC). The unemployment insurance benefits paired existing state-level weekly aid with a federal…
Read MoreKPMG U.S. publishes inaugural DE&I report
The Big Four firm’s “Diversity, Equity and Inclusion: 2020 KPMG U.S. Transparency Report” reviews its current diversity, equity and inclusion statistics and maps out its ambitious “Accelerate 2025” initiative. ]] Original Article Posted at : https://www.accountingtoday.com/news/kpmg-u-s-publishes-inaugural-de-i-report
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