In the blogs: Surprising numbers

Making partners bill; more distribution guidance; NATP winners; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-surprising-numbers

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Engage 2020: Opportunities ahead for accountants

The coronavirus pandemic has opened up a number of specific areas with potential for the profession, according to leaders at the AICPA. Original Article Posted at : https://www.accountingtoday.com/news/engage-2020-opportunities-ahead-for-accountants

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Democrats raise concerns over stimulus payment delays

Democrats in Congress are criticizing how millions of economic impact payments authorized under the CARES Act are being handled. Original Article Posted at : https://www.accountingtoday.com/news/democrats-raise-concerns-over-stimulus-payment-delays

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NASBA votes to advance CPA Evolution initiative with AICPA

The National Association of State Boards of Accountancy voted to approve the CPA Evolution model, which it has been developing with the American Institute of CPAs, in an effort to require more technology skills from CPAs to pass the Uniform CPA Examination and qualify for state CPA licenses. Original Article Posted at : https://www.accountingtoday.com/news/nasba-votes-to-advance-cpa-evolution-initiative-with-aicpa

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Three-Fourths of New 2016 Investment Was Excluded from Improved Cost Recovery

Recent IRS data gives us insights into new capital expenditures made by both individuals and corporations in 2016. In total, the IRS estimates that individuals reported $347.1 billion in capital expenditures and corporations reported nearly $1 trillion of assets placed into service. An important takeaway from this data is that it sheds light on what…

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What’s in Senate Republicans’ $1T pandemic relief plan

The GOP legislation includes a second tranche of stimulus payments, structured the same way as the earlier round, in March, along with tax credits for businesses. Original Article Posted at : https://www.accountingtoday.com/articles/whats-in-senate-republicans-1t-pandemic-relief-plan

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