Accounting
Vertex goes public on Nasdaq
Tax technology provider Vertex Inc. went public Wednesday on the Nasdaq and plans to use the extra capital to expand abroad and develop new sales and use tax software and services. Original Article Posted at : https://www.accountingtoday.com/news/vertex-goes-public-on-nasdaq
Read MoreState Gasoline Tax Rates as of July 2020
Today’s map shows gasoline tax rates in each state as of July 2020, using recently released data from the American Petroleum Institute. States levy gas taxes in a variety of ways, including per-gallon excise taxes collected at the pump, excise taxes imposed on wholesalers, which are passed along to consumers in the form of higher prices, and…
Read MoreIRS offers coronavirus-friendly procedure for changing accounting method
The service is implementing a new temporary procedure for faxing the duplicate copy of Form 3115 for companies applying for an automatic change in accounting method. Original Article Posted at : https://www.accountingtoday.com/news/irs-offers-new-procedure-for-changing-accounting-method-amid-coronavirus
Read MoreHow to digitally transform processes while instilling trust in staff
One of the biggest difficulties firms face when adopting new technology is staff adoption. Original Article Posted at : https://www.accountingtoday.com/opinion/how-to-digitally-transform-processes-while-instilling-trust-in-staff
Read MoreGOP stimulus package a starting point for negotiations
Time is running out for further relief efforts before the August recess. Original Article Posted at : https://www.accountingtoday.com/news/gop-stimulus-package-a-starting-point-for-negotiations
Read MoreNCCPAP calls for automatic forgiveness for smaller PPP loans
In a letter to leading legislators, the group also urged them to make businesses expenses paid with PPP money deductible. Original Article Posted at : https://www.accountingtoday.com/news/nccpap-calls-for-automatic-forgiveness-for-smaller-ppp-loans
Read MoreResilience means having a backup plan for the backup plan
With economic uncertainty, a pandemic, and concerns around race and equity topping daily headlines, existing initiatives to transform and innovate across people, processes and technology have become more amplified. Original Article Posted at : https://www.accountingtoday.com/opinion/resilience-means-having-a-backup-plan-for-the-backup-plan
Read MoreIRS loosens U.S. tax-break rules for corporate debt payments
The Internal Revenue Service moved to ease the tax burdens of private equity portfolio companies and heavily indebted industries. Original Article Posted at : https://www.accountingtoday.com/articles/irs-loosens-u-s-tax-break-rules-for-corporate-debt-payments
Read MoreIRS finalizes rules on business interest expense deduction limits
The Internal Revenue Service released the final regulations and other guidance on the limitation on the deduction for business interest expenses under the Tax Cuts and Jobs Act of 2017, which was amended by the CARES Act earlier this year. Original Article Posted at : https://www.accountingtoday.com/news/irs-finalizes-rules-on-business-interest-expense-deduction-limits
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