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

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Excise 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…

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IRS 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

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SBA 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

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IRS 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

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Art 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

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Art 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

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How 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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