Accounting
How Would the Proposed $160 Billion in State and Local Aid Be Allocated?
A bipartisan coalition of U.S. Senators has unveiled a $908 billion COVID-19 relief bill which includes, among other provisions, $160 billion in additional aid to state and local governments. It is worth briefly exploring what this would mean, and the amounts of aid each state might expect. While well short of amounts contemplated in the…
Read MoreM&A roundup: Aprio, BDO and Citrin expand
Three Top 100 Firms announced deals on Dec. 1, while the Income Tax School was acquired. Original Article Posted at : https://www.accountingtoday.com/list/m-a-roundup-aprio-citrin-and-bdo-expand
Read MoreGifting and taxes: The sooner the better
Clients don’t want to be on the wrong side of any potential changes to tax law. Original Article Posted at : https://www.accountingtoday.com/news/gifting-and-taxes-the-sooner-the-better
Read MoreAICPA offers more than $1M in 2021 scholarships
The American Institute of CPAs is accepting applications for a wide range of scholarships aimed at accounting students and future leaders. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-offers-more-than-1m-in-2021-scholarships
Read MoreOutlining a Path for Tax Policy Compromises
The 116th Congress has few legislative days remaining in the lame duck session to address a relatively long list of priorities, including additional pandemic relief, expiring tax provisions, and economic stimulus. Whether this Congress will accomplish the remaining tasks is highly uncertain, leaving the next Congress and President-elect Joe Biden to likely start the new…
Read MoreThe Year Ahead: Prepare for the unexpected
Leaders from around the accounting profession share what they expect to see in 2021. Original Article Posted at : https://www.accountingtoday.com/news/the-year-ahead-prepare-for-the-unexpected
Read MoreThe Year Ahead: 2021 in numbers
Highlights of the findings from Accounting Today’s annual survey of accounting firms’ plans for the next 12 months. Original Article Posted at : https://www.accountingtoday.com/list/the-year-ahead-2021-for-accountants-in-numbers
Read MoreNavigating the 2020 Tax Extenders in the Pandemic Economy
Key Findings Introduction Temporary Tax Policy The Remaining Extenders Expiring Provisions under the Tax Cuts and Jobs Act Pandemic-Related Expirations Conclusion Appendix Key Findings At the end of 2020, 33 temporary tax provisions are scheduled to expire at the federal level. These provisions generally fall under four categories: cost recovery, energy, individual, and other…
Read MoreSenate runoff elections complicate year-end tax planning
The outcomes of the two Senate runoff elections in Georgia that are scheduled for Jan. 5 are expected to determine the balance of power in the Senate and may also have an impact on the kind of tax planning that accountants should be advising their clients to do. Original Article Posted at : https://www.accountingtoday.com/news/senate-runoff-elections-complicate-year-end-tax-planning
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