Accounting
Trump’s payroll tax deferral on hold without IRS guidance
The U.S. Treasury Department still has yet to tell companies how to handle President Donald Trump’s order delaying the due date for employee payroll taxes, leaving major employers like Walmart Inc. in the lurch. Original Article Posted at : https://www.accountingtoday.com/articles/trumps-payroll-tax-deferral-on-hold-without-irs-guidance
Read MoreHow High Are Property Taxes in Your State?
Today’s map takes another look at property taxes, this time focusing on states’ effective tax rates on owner-occupied housing. This is the average amount of residential property taxes actually paid, expressed as a percentage of home value. Because property taxes are tied to housing values, it makes sense that the actual dollar amounts of property…
Read MoreIn the blogs: Find the fraud
Wish you were here; refunds and interest; California and gig drivers; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-find-the-fraud
Read MorePresident Trump Outlines Second Term Tax Ideas
The Republican National Convention is underway this week and President Trump’s campaign released a second term agenda outlining his policy vision in broad strokes. While light on detail, the agenda includes a few tax policy items like expanding existing tax breaks, creating credits for specific industries and activities, and unspecified tax cuts for individuals. The…
Read MoreIRS to send extra stimulus payment money to spouses who were due child support
The Internal Revenue Service plans to send approximately 50,000 “catch-up” economic impact payments to people whose portion of the stimulus payment was diverted by the federal government to pay their spouse’s past-due child support. Original Article Posted at : https://www.accountingtoday.com/news/irs-to-send-extra-stimulus-payment-money-to-spouses-who-were-due-child-support
Read MoreCoronavirus affected employee expense trends, especially meals and travel
The novel coronavirus pandemic led to a transition from employer-provided meals to food delivery services arriving at employee homes, as workers all but eliminated their travel expenses, according to a new report. Original Article Posted at : https://www.accountingtoday.com/news/coronavirus-affected-employee-expense-trends-especially-meals-and-travel
Read MoreCOVID-19 is a crossroads for accountants. Here’s how they can thrive
Since the advent of the internet, the accounting profession has faced an identity crisis. Original Article Posted at : https://www.accountingtoday.com/opinion/covid-19-is-a-crossroads-for-accountants-heres-how-they-can-thrive
Read MoreTrump tax subpoena put on hold while court weighs further delay
Manhattan District Attorney Cyrus Vance Jr. agreed to delay enforcement of a subpoena for President Donald Trump’s tax and financial records until after a federal appeals court decides whether or not to put the request on ice for even longer. Original Article Posted at : https://www.accountingtoday.com/articles/trump-tax-subpoena-put-on-hold-while-court-weighs-further-delay
Read MoreTrump faces N.Y. probe into valuation of assets to get loans
New York is investigating whether President Donald Trump’s company falsely reported the value of his assets to secure loans and get tax benefits as claimed last year by Trump’s former personal lawyer and fixer, Michael Cohen, who has fallen out with his ex-boss. Original Article Posted at : https://www.accountingtoday.com/articles/trump-faces-n-y-probe-into-valuation-of-assets-to-get-loans
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