Accounting
IMA elects incoming chair
The institute named Gwen van Berne 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: 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 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 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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