Accounting Archives - Page 221 of 362

Where Is My Income Tax Refund?

Hope you had a Happy Tax Day. I’m still waiting for my refund. I filed my 2019 individual income tax return electronically on May 1…

Where Is My Refund?

Hope you had a Happy Tax Day. I’m still waiting for my refund. I filed my 2019 individual income tax return electronically on May 1…

Auditing goes remote

The move brings greater efficiency — but still requires careful planning. Original Article Posted at : https://www.accountingtoday.com/opinion/auditing-goes-remote

To ensure the functioning of its internal market, the EU sets a minimum excise duty on cigarettes. It consists of a specific component and an ad valorem component, resulting in a minimum overall excise duty of €1.80 (US $2.02) per 20-cigarette pack and 60 percent of an EU country’s weighted average retail selling price (certain exceptions…

Sources of Personal Income, Tax Year 2017 Update

Key Findings Taxpayers reported about $11 trillion of total income on their 2017 tax returns. About 68.8 percent ($7.5 trillion) of total income reported on Form 1040 consisted of wages and salaries, and about 82.5 percent of all tax filers reported earning wage income. Retirement accounts (such as 401(k)s and Individual Retirement Accounts, or IRAs)…

ADP adds Form 5500 filing dashboard

Simplified 5500 Compliance Reporting Process aims to streamline the reporting requirements for employee benefit plans. Original Article Posted at : https://www.accountingtoday.com/news/adp-adds-form-5500-filing-dashboard

States see employee telecommuting as a way of creating tax nexus amid coronavirus

The majority of states are considering a company to have tax nexus if just a single employee is telecommuting from their state, according to a new survey, which could have wide implications for businesses as more of their employees work from home during the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/states-see-employee-telecommuting-as-a-way-of-creating-tax-nexus-amid-coronavirus

IRS gives coronavirus-hit hospitals more time for assessments

Nonprofits hospitals have until Dec. 31 to report on their CHNAs. Original Article Posted at : https://www.accountingtoday.com/news/irs-gives-coronavirus-hit-hospitals-more-time-for-assessments

Deadline for MP Elite 2020 submissions extended

Due to extensive interest, Accounting Today is extending the deadline for submissions for its annual Managing Partner Elite list of top firm leaders to the end of the day Monday, July 20. Original Article Posted at : https://www.accountingtoday.com/news/deadline-for-mp-elite-2020-submissions-extended