COVID-19 has just turned your website into your rainmaker

To ensure your firm is maximizing its online presence, here are seven best practices to boost your website’s efficiency and effectiveness. Original Article Posted at : https://www.accountingtoday.com/list/covid-19-has-just-turned-your-website-into-your-rainmaker

Read More

Does Your State Have a Corporate Alternative Minimum Tax?

Just as several states have individual alternative minimum taxes (AMTs) that prevent households and pass-through businesses from claiming “too many” itemized deductions, some states levy corporate AMTs to prevent corporations from reducing their corporate income tax liability beyond a certain level. By requiring taxpayers to calculate their tax liability under two different systems, the federal AMT imposed…

Read More

Why progressives should push to scrap the estate and gift tax

During the 2020 presidential campaign, Democratic candidates made many proposals for changes to the Tax Code, ranging from changes to the tax rates to the imposition of a new 5 percent excise tax and a national sales tax. Original Article Posted at : https://www.accountingtoday.com/opinion/why-progressives-should-push-to-scrap-the-estate-and-gift-tax

Read More

Seventh Time’s the Charm: New Jersey Passes Millionaires Tax

After six unsuccessful tries at passage, it appears the coronavirus crisis has tipped the scales in favor of Gov. Phil Murphy’s (D) millionaires tax. After reaching a deal with legislators earlier this month, Murphy included a tax increase on those making more than $1 million in his FY 2021 budget. The New Jersey legislature confirmed…

Read More

Colorado Voters to Decide Fate of Longstanding Property Tax Limit

One of the many policy questions Colorado voters will be tasked with deciding this November is whether to amend the state constitution to repeal the Gallagher Amendment, a provision within the Colorado constitution that, since 1982, has limited residential property to 45 percent of the statewide property tax base. Repealing the Gallagher Amendment would cause…

Read More

EY Foundation launches Intern Scholarship Fund

The Big Four firm’s $3.3M initiative supports more than 1,000 of its US interns impacted by COVID-19 for the Fall 2020 semester Original Article Posted at : https://www.accountingtoday.com/news/ey-foundation-launches-intern-scholarship-fund

Read More

Anti-fraud groups stress professional skepticism

The Anti-Fraud Collaboration has released a report on the importance of skepticism by auditors and finance professionals. Original Article Posted at : https://www.accountingtoday.com/news/anti-fraud-groups-stress-professional-skepticism

Read More