Accounting
There Will Be No Showdown Over The Next COVID-19 Stimulus Bill. Pelosi Already Won.
Looking forward to the great partisan battle over the next COVID-19 relief bill? You may be disappointed. Nancy Pelosi already has won.
Read MoreRecraft The EITC To Help Parents Caring For Children Who Can’t Return To School Full-Time
As parents learn how many days (if any) their children will be in a physical school this fall, many are preparing to provide care for…
Read MoreStates see no aid from Senate GOP for swelling budget gaps
The economic stimulus plan released by Senate Republicans offers no new money for states and cities to cope with swelling budget shortfalls, leaving them to contend with a grave financial crisis that’s already forcing them to slash spending, furlough workers and delay projects as tax revenue disappears. Original Article Posted at : https://www.accountingtoday.com/articles/states-see-no-aid-from-senate-gop-for-swelling-budget-gaps
Read MoreSenate Republicans Introduce the HEALS Act for Coronavirus Pandemic Relief
On Monday, Senate Majority Leader Mitch McConnell (R-KY) announced the Health, Economic Assistance, Liability Protection and Schools (HEALS) Act, backed by Senate Republicans as their opening bid for “Phase 4” economic relief ahead of negotiations with Senate and House Democrats. Phase 4 relief is the anticipated follow-up legislation to the $2 trillion Coronavirus Aid, Relief,…
Read MoreGOP rolls out $1T stimulus to start talks with Democrats
Senate Republicans presented a series of bills that would trim unemployment benefits, send $1,200 to most Americans, and shield businesses, schools and other organizations from coronavirus lawsuits. Original Article Posted at : https://www.accountingtoday.com/articles/gop-rolls-out-1-trillion-stimulus-to-start-talks-with-democrats
Read MoreTrump renews fight to block New York subpoena for his tax returns
President Donald Trump renewed his fight to prevent a New York grand jury from reviewing his tax filings, after the U.S. Supreme Court ruled he doesn’t have absolute immunity from state criminal investigations. Original Article Posted at : https://www.accountingtoday.com/articles/trump-renews-fight-to-block-new-york-subpoena-for-his-tax-returns
Read MoreCompanies struggled during first audits under new lease accounting standard and coronavirus
More than half the companies that completed their first audits under the new lease accounting standard needed to make an extra effort. Original Article Posted at : https://www.accountingtoday.com/news/companies-struggled-during-first-audits-under-new-lease-accounting-standard-and-coronavirus
Read MoreLong-term value creation and integrated reporting
Stathis Gould, director of advocacy at the International Federation of Accountants, discusses how finance pros can provide more effective environmental, social and governance disclosures to stakeholders. Original Article Posted at : https://www.accountingtoday.com/podcast/long-term-value-creation-and-integrated-reporting
Read MoreIRS offers guidance on recapturing excess employment tax credits amid coronavirus
New regulations to help employers reconcile any advance payments of refundable employment tax credits and recapture the benefit of these credits when necessary, in line with the CARES Act and the Families First Act. Original Article Posted at : https://www.accountingtoday.com/news/irs-offers-guidance-on-recapturing-excess-employment-tax-credits-amid-coronavirus
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