Accounting
IMA elects CFO Gwen van Berne as incoming chair
The Institute of Management Accountants named Gwen van Berne, CFO of the internet registry agency RIPE NCC, as its sixth female chair-elect and the first to reside abroad. Original Article Posted at : https://www.accountingtoday.com/news/ima-elects-cfo-gwen-van-berne-as-incoming-chair
Read MoreBiden’s Pandemic Relief Bill Is One Of The Biggest One Year Tax Cuts In Modern US History
Talk about playing against type: The tax cuts in President Biden’s American Rescue Plan (ARP) are among the biggest one-year tax reductions in modern US…
Read MoreExcise Tax Application and Trends
Table of Contents Key Points Introduction A Short History of Excise Taxes — Pigouvian Taxes All Tax Policy is About Trade-offs General Design Considerations — Tax Base — Tax Rate — When to Levy — Revenue Allocation — Regressivity — Principles for Excise Tax Design Traditional Excise Tax Categories — Tobacco — Alcohol — Motor…
Read MoreIRS failed to collect $2.4B in taxes from millionaires
Auditors were only able to recoup about 39 percent of the more than $4 billion in unpaid taxes owed by a group of rich taxpayers with an average annual income of nearly $1.6 million. Original Article Posted at : https://www.accountingtoday.com/articles/irs-failed-to-collect-2-4b-in-taxes-from-millionaires
Read MoreSBA defers repayment of disaster loans until 2022
The Small Business Administration pushed back the deferment period for all its disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until next year. Original Article Posted at : https://www.accountingtoday.com/news/sba-defers-repayment-of-eidl-disaster-loans-until-2022
Read MoreIRS offers guidance on unemployment benefits exclusion
The Internal Revenue Service posted information about how to correctly compute the new exclusion on a portion of unemployment income as Congress pushes the IRS for further tax-filing relief. Original Article Posted at : https://www.accountingtoday.com/news/irs-offers-guidance-on-unemployment-benefits-exclusion
Read MoreArt of Accounting: The Ides of March
March 15 is a busy date. The S corporation and partnership returns are due then, so the K-1s can be distributed timely. Original Article Posted at : https://www.accountingtoday.com/opinion/art-of-accounting-the-ides-of-march
Read MoreArt of Accounting: Ides of March
March 15 is a busy date. The S corporation and partnership returns are due then, so the K-1s can be distributed. Original Article Posted at : https://www.accountingtoday.com/opinion/art-of-accounting-the-ides-of-march
Read MoreHow to create an AI-ready staff
Inaction on AI was once a permissible approach. Now it’s an existential threat. Original Article Posted at : https://www.accountingtoday.com/opinion/how-to-create-an-ai-ready-accounting-firm
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