Mnuchin plans to put $455B beyond Yellen’s easy reach

The Treasury secretary will put the unspent CARES Act funding into an account that his presumed successor will soon need authorization from Congress to use. Original Article Posted at : https://www.accountingtoday.com/articles/mnuchin-plans-to-put-455b-beyond-yellens-easy-reach

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Case studies: CAS in 2020

Three firms share their experiences offering client accounting services. Original Article Posted at : https://www.accountingtoday.com/news/case-studies-cas-in-2020

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In the blogs: Blunt truths

Changes for the year; partnerships’ reporting; building your brand; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-blunt-truths

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IRS issues final regs on 1031 exchanges

The rules address the definition of real property, and how to handle personal property included in an exchange. Original Article Posted at : https://www.accountingtoday.com/news/irs-issues-final-regs-on-1031-exchanges

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A year-end like no other

With the many issues presented by 2020, it’s a great time for a deeper conversation with clients. Original Article Posted at : https://www.accountingtoday.com/opinion/a-year-end-like-no-other

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Potential Regulatory Changes in Tax Policy Under the Biden Administration

With a likely divided U.S. Congress this January, the incoming Biden administration may have a limited ability to pass the tax changes proposed by Biden during the 2020 presidential campaign. Much of Biden’s tax plan included tax increases on higher earners and businesses, which are unlikely to be considered by a likely Republican-controlled Senate pending…

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Will Mississippi Be the Next State to Phase Out its Income Tax?

Mississippi Governor Tate Reeves (R), in his budget proposal for fiscal year (FY) 2022, has announced his goal of phasing out the state’s income tax by 2030. Mississippi’s income tax currently has three marginal rates of 3 percent, 4 percent, and 5 percent. The corporate rates and brackets match the individual rates and brackets, and…

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Financial execs report renewed confidence in Q3

A recent survey by FEI and Deloitte tracked an increase in members’ outlook on the national economy, along with prioritization of talent retention, digital transformation. Original Article Posted at : https://www.accountingtoday.com/news/financial-executives-report-renewed-economic-confidence-in-q3

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