Accounting
What Can Connecticut Learn from its Neighbors About Property Tax Limitations?
Key Findings Connecticut’s property tax burdens are rising rapidly, with the state’s effective property tax rates on owner-occupied housing now among the highest in the country at 1.7 percent of housing value. Property tax burdens in Connecticut continue to increase even as property values decline, whereas other states—including neighboring Massachusetts and New York—have managed to…
Read MoreIn the blogs: COVID operations
Next round of relief — and infighting; challenges and pitfalls at the IRS; Biden’s ideas; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-covid-operations
Read MoreAccountants and the ‘next normal’
MACPA CEO Tom Hood shares insights on how firms can safely bring staff back to work amid the COVID-19 pandemic — and how the profession is going to be changed forever after the coronavirus. Original Article Posted at : https://www.accountingtoday.com/podcast/accountants-and-the-next-normal
Read MoreIRS previews changes in partnership forms for next year
The proposed drafts aim to provide more clarity for partners on how to figure their U.S. income tax liability. Original Article Posted at : https://www.accountingtoday.com/news/irs-previews-changes-in-partnership-forms-for-next-year
Read MoreExtended, stressful tax season finally coming to an end
The tax deadline is coming Wednesday after tax season was extended by three months to give taxpayers and preparers more time to deal with the novel coronavirus pandemic, but many of them will be dealing with extensions and amended returns in the months ahead. Original Article Posted at : https://www.accountingtoday.com/news/extended-stressful-tax-season-finally-coming-to-an-end
Read MoreThe COVID-19 Effect: State Sales Tax Receipts Shrank $6 billion in May
May state sales tax receipts shrank by nearly $6 billion, or 21 percent, compared to May 2019, according to data compiled by the Tax Policy…
Read MoreTech news: XCM adds categories to workflow software, and more
Accounting Seed releases software upgrade, Chargebacks911 intros payment suite for banks and financial institutions. Original Article Posted at : https://www.accountingtoday.com/list/tech-news-xcm-adds-categories-to-workflow-software-and-more
Read MoreMonitoring Group proposes changes to int’l auditing and ethics standard-setting
IFAC, the IAASB and IESBA will remain involved in setting standards, but with changes in governance and composition. Original Article Posted at : https://www.accountingtoday.com/news/monitoring-group-changes-process-for-international-auditing-and-ethics-standard-setting
Read MoreXero announces recipients of inaugural ‘Forward Fund’
Three students, as well as their nominating firms, will receive $10,000 each for representing the “next generation of accountants.” Original Article Posted at : https://www.accountingtoday.com/news/xero-announces-recipients-of-inaugural-forward-fund
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