Biden plan sets tax penalties for companies’ offshore profits

The Democratic presidential nominee is proposing a 10 percent tax penalty on companies that move operations overseas and a 10 percent tax credit for companies that create jobs in the U.S. Original Article Posted at : https://www.accountingtoday.com/articles/biden-plan-sets-tax-penalties-for-companies-offshore-profits

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5 ways to reinforce value with clients

Clients’ expectations are constantly shifting, and that’s never been truer than in recent months with the COVID-19 pandemic sending businesses into a state of uncertainty. Original Article Posted at : https://www.accountingtoday.com/list/5-ways-accounting-firms-reinforce-value-with-clients

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Does Your State Have a Marriage Penalty?

Today’s map zeroes in on states that have a “marriage penalty” in their individual income tax brackets. Under a graduated-rate income tax system, a taxpayer’s marginal income is exposed to progressively higher tax rates. A marriage penalty exists when a state’s income brackets for married taxpayers filing jointly are less than double the bracket widths that…

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Transforming your firm in a market disrupted by COVID-19

Accounting professionals who embrace a willingness to adapt are the ones more likely to emerge successfully from today’s volatile market. Original Article Posted at : https://www.accountingtoday.com/opinion/transforming-your-firm-in-a-market-disrupted-by-covid-19

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Empowerment in audit

It doesn’t need to be an oxymoron. Original Article Posted at : https://www.accountingtoday.com/opinion/empowerment-in-audit

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In the blogs: Daring adventures

Deferring payroll taxes; another way to track EIPs; managing needy clients; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-daring-adventures

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