Accounting
AICPA offers guidance on accounting and auditing for health care clients during coronavirus
The American Institute of CPAs has created a set of questions and answers to help practitioners deal with some of the issues related to preparing and auditing financial statements for health care providers amid the novel coronavirus pandemic, including the Paycheck Protection Program. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-offers-guidance-on-accounting-and-auditing-for-health-care-clients-during-coronavirus
Read MoreWhere Does Kamala Harris Stand on Tax Policy?
Now that the presumptive Democratic presidential ticket will be former Vice President Joe Biden and California Senator Kamala Harris, many will remember the two squaring off in the primary run-up on such issues as healthcare, taxes, and criminal justice reform. What tax policy ideas did Harris propose along the campaign trail, and how do they…
Read MoreTrump Executive Action Shows Why Congress Should Federalize More of Unemployment Insurance
President Trump’s August 8 th executive action creating a new supplemental weekly unemployment benefit has created mass confusion. On Saturday, the President said : Under…
Read MoreHow big data can help businesses achieve compliance in 2021
Big data can help companies make better financial decisions, improve their operational processes, increase employee compliance and much more. Original Article Posted at : https://www.accountingtoday.com/opinion/how-big-data-can-help-businesses-achieve-compliance-in-2021
Read MoreEmployers face payroll tax dilemma after Trump delays due date
President Donald Trump’s order to delay collection of payroll taxes thrusts a dilemma on U.S. companies: continue withholding the money from workers expecting bigger paychecks or pass it on and potentially put themselves or their employees at risk of a big end-of-year bill from the IRS. Original Article Posted at : https://www.accountingtoday.com/articles/employers-face-payroll-tax-dilemma-after-trump-delays-due-date
Read MoreTrump pledges big tax cuts that may do nothing for the economy
President Donald Trump is tapping his presidential authority to make tax changes that Congress is refusing to do, but his limited power means he could end up over-promising and under-delivering on his pledge to slash IRS bills. Original Article Posted at : https://www.accountingtoday.com/articles/trump-pledges-big-tax-cuts-that-may-do-nothing-for-the-economy
Read MoreWhat is the Real Value of $100 in Metropolitan Areas?
In May, the Bureau of Economic Analysis (BEA) released its annual data showing the differences in purchasing power across American metropolitan and non-metropolitan areas in 2018. This data compares how much $100 can buy in different regions and metropolitan areas across the country, which can have a significant effect on the relative impact of different…
Read MoreTesting remote security, and other tech stories you may have missed
Making sure you’re secure working from home, spying on employees, and eight other recent developments in technology and how they’ll impact your clients and your firm. Original Article Posted at : https://www.accountingtoday.com/list/testing-remote-security-and-other-tech-stories-you-may-have-missed
Read MoreWhere Should the Money Come From?
Key Findings The fiscal responses to the COVID-19 pandemic will require policymakers to consider what revenue resources should be used to fill budget gaps. Tax policy experts have proposed wealth taxes, (global) corporate minimum taxes, excess profits taxes, and digital taxes as opportunities for governments to raise new revenues. Instead of designing novel taxes, however,…
Read More