Accounting
AICPA honors four accounting professors at annual AAA meeting
Four accounting academics were honored for their teaching and research during the 2020 American Accounting Association meeting. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-honors-four-accounting-professors-at-annual-aaa-meeting
Read MoreWhite House says no plan to end payroll tax permanently
White House officials said the administration has no plans to do away with the payroll tax despite President Donald Trump saying he would seek a permanent repeal if he wins another term. Original Article Posted at : https://www.accountingtoday.com/articles/white-house-says-no-plan-to-end-payroll-tax-permanently
Read MoreSBA offers guidance on how businesses can appeal rejections of PPP loan forgiveness
The U.S. Small Business Administration has posted rules about how businesses who have been turned down for forgiveness of their Paycheck Protection Program loans can appeal the decision. Original Article Posted at : https://www.accountingtoday.com/news/sba-offers-guidance-on-how-businesses-can-appeal-rejections-of-ppp-loan-forgiveness
Read MoreHighway use tax returns for heavy vehicles due Aug. 31
The IRS is reminding truckers and others that the Form 2290 is due at the end of the month. Original Article Posted at : https://www.accountingtoday.com/news/highway-use-tax-returns-for-heavy-vehicles-due-aug-31
Read MoreAICPA asks IRS and Treasury for clarity on Trump’s payroll tax deferral
The American Institute of CPAs has sent a letter to top officials asking for more guidance on the president’s executive order. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-asks-irs-and-treasury-for-more-clarity-on-trumps-payroll-tax-deferral
Read MoreEconomic Recovery and Deductions for Worker Training
Yesterday, Scott Pulsipher and Michael B. Horn wrote on RealClearPolicy.com, “An obstacle to employers investing more in their employees’ education is that Section 127 of the tax code has been frozen in time since 1986.” Section 127 allows employers to provide up to $5,250 annually for worker education costs that can be tax-deductible and excludable…
Read MoreSenator Kamala Harris Proposed A Bold Tax Credit To Help Low- And Middle-Income Workers
As a Senator, Kamala Harris has proposed broad legislation designed to raise the incomes of low- and middle-income workers via her LIFT (Livable Incomes for…
Read MoreInside the proposed regs on acct’g method changes and carried interest
One tax expert says the IRS proposals run contrary to the intent of the laws they’re supposed to be implementing. Original Article Posted at : https://www.accountingtoday.com/news/inside-the-proposed-regs-on-accounting-method-changes-and-carried-interest
Read MoreCheck all the boxes before welcoming employees back to work
Firms of all sizes should be prepared to respond appropriately and help their clients protect the health and safety of their workforce by complying with ever-changing guidelines from federal, state and local authorities. Original Article Posted at : https://www.accountingtoday.com/opinion/check-all-the-boxes-before-welcoming-employees-back-to-work
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