Jackson Hewitt to hire 22K for tax season

The tax prep chain will be participating in two National Hiring Weeks, starting Oct. 26 and Nov. 16. Original Article Posted at : https://www.accountingtoday.com/news/jackson-hewitt-to-hire-22k-for-tax-season

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When surrounded by risk, GRC automation can help

Within corporate environments, accountants are essential team members when it comes to governance, risk and compliance, especially during the pandemic. Original Article Posted at : https://www.accountingtoday.com/opinion/when-surrounded-by-risk-grc-automation-can-help

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IRS lets tax pros fax Form 8918 for material advisor disclosures

The Internal Revenue Service is now allowing tax advisors and taxpayers to fax the Form 8918, Material Advisor Disclosure Statement, as part of its response to the novel coronavirus pandemic. Original Article Posted at : https://www.accountingtoday.com/news/irs-lets-tax-pros-fax-form-8918-for-material-advisor-disclosures

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IRS drafts instructions for Form 1065 partnership income reporting

The Internal Revenue Service released an early draft Thursday of the instructions for Form 1065, U.S. Return of Partnership Income, with newly revised directions for how partnerships should report on the capital accounts and tax basis capital for partners on Schedule K-1. Original Article Posted at : https://www.accountingtoday.com/news/irs-drafts-instructions-for-form-1065-partnership-income-reporting

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The UN Approach on Digital Taxation

Policymakers across the world are currently enamored by tax policies that target digital companies, and there are many policy efforts projects that are currently running in parallel. First, the OECD has been working on an approach that we learned last week is expected to wrap up by mid-2021. Second, many countries have been moving unilaterally…

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