Accounting

U.S. taxpayers face the risk of delayed tax refunds as the agency struggles to work down a backlog of returns from last year, according to a watchdog report. ]] Original Article Posted at : https://www.accountingtoday.com/articles/watchdog-warns-of-tax-refund-delays-amid-irs-backlog-struggles

U.S. taxpayers face the risk of delayed refunds from the IRS in coming months as the agency struggles to work down a backlog of returns from last year, according to a watchdog report. ]] Original Article Posted at : https://www.accountingtoday.com/articles/watchdog-warns-of-tax-refund-delays-amid-irs-backlog-struggles

Practitioners share which parts of their jobs they’d ditch, and which they’d keep. ]] Original Article Posted at : https://www.accountingtoday.com/list/task-masters-the-jobs-tax-pros-want-to-delegate

On March 10, 2021, Congress passed the American Rescue Plan Act of 2021. The tax provisions in the legislation represent less than one-third of the total cost of the legislation. The American Rescue Plan includes many non-tax provisions to help address the continuing pandemic. These include support for unemployed workers, funding for COVID-19 testing and…

Finance executives are wary of efforts to report on environmental, social and governance issues, although other executives are more open to tracking issues like diversity and inclusion, according to PricewaterhouseCoopers. ]] Original Article Posted at : https://www.accountingtoday.com/news/as-companies-ramp-up-esg-reporting-cfos-remain-unconvinced

The Internal Revenue Service has changed the calculation for determining the $10,200 exclusion on unemployment benefits in the new pandemic relief package, allowing more taxpayers to qualify, but forcing tax software developers to update their programs. ]] Original Article Posted at : https://www.accountingtoday.com/news/irs-expands-unemployment-tax-exclusion-to-more-taxpayers

If you got rich buying Bitcoin a year ago, Elon Musk is inviting you to purchase one of his cars with some of the proceeds. The taxman will be watching if you do. ]] Original Article Posted at : https://www.accountingtoday.com/articles/using-bitcoin-to-buy-a-tesla-get-ready-to-hear-from-the-irs

The Sunshine State seems to be on the verge of requiring more online merchants to collect sales and use taxes from customers. ]] Original Article Posted at : https://www.accountingtoday.com/opinion/florida-moves-closer-to-wayfair-nexus-standard-for-remote-sellers