Accounting
Trump’s payroll tax deferral raises red flags on Social Security
The moves were criticized by Democrats and some Republicans as, variously, providing little real help, an unconstitutional power grab from Congress, and a backhanded way to defund Social Security and Medicare. Original Article Posted at : https://www.accountingtoday.com/articles/trumps-payroll-tax-deferral-raises-red-flags-on-social-security
Read MoreIRS gives businesses a break for donations related to SALT cap
Businesses donating to charitable funds in exchange for a state tax credit can deduct those costs from their federal taxes, according to regulations released on Friday. Original Article Posted at : https://www.accountingtoday.com/articles/irs-gives-businesses-a-break-for-donations-related-to-salt-cap
Read MoreTrump’s payroll tax action creates political, business risks
President Donald Trump’s move to halt the collection of taxes that fund America’s main support programs for the elderly spurred a wave of political opposition and threatens to generate tension between employers and workers. Original Article Posted at : https://www.accountingtoday.com/articles/trumps-payroll-tax-action-creates-political-business-risks
Read MoreFrom essential to indispensable: The 5 stages of navigating COVID-19
Firms that want to remain standing after the coronavirus earthquake need to pay attention to the phases they’re moving through. Original Article Posted at : https://www.accountingtoday.com/opinion/from-essential-to-indispensable-the-5-stages-of-navigating-covid-19
Read MoreThe 5 talent management shifts firms need post-COVID
Post-pandemic accounting firms will need to work differently to retain the best and brightest. Original Article Posted at : https://www.accountingtoday.com/opinion/the-5-talent-management-shifts-firms-need-post-covid
Read MoreTrump orders extended jobless benefits, payroll tax deferral
President Donald Trump announced four executive actions on Saturday, including continued expanded unemployment benefits and a temporary payroll tax deferral for some workers, as the coronavirus pandemic continues to hobble the U.S. economy. Original Article Posted at : https://www.accountingtoday.com/articles/trump-orders-extended-jobless-benefits-payroll-tax-deferral
Read MoreIRS offers relief to fishing and archery equipment makers
The Internal Revenue Service is giving extra time to companies that make and sell sport fishing and archery equipment to file and pay their excise taxes due to the novel coronavirus pandemic. Original Article Posted at : https://www.accountingtoday.com/news/irs-offers-tax-relief-to-sport-fishing-and-archery-equipment-makers-due-to-coronavirus
Read MoreEstimating Neutral Cost Recovery’s Impact on Affordable Housing
Housing affordability was a major issue even before the COVID-19 crisis and corresponding recession, but the current economic hardship has made it more salient. Immediate support for people struggling makes sense now, but lawmakers should also consider long-term solutions to the problem of high rents, namely by expanding the supply of housing. Improving the tax…
Read MoreTime’s finally up: Preparers discuss how July 15 went
It was the best of times for some tax pros — and the worst for others. Original Article Posted at : https://www.accountingtoday.com/news/times-finally-up-preparers-discuss-how-july-15-went
Read More