Accounting
Peruvian “Solidarity Tax” Unlikely to Offset Deficit Spending
Due to the COVID-19 crisis, Peru has found itself with high levels of government spending that has resulted in a significant deficit. In order to offset costs, the government is considering a temporary wealth tax that has been termed the “Solidarity Tax.” However, while it is important that Peru find ways to offset its deficit…
Read MorePeople & firms on the move: Baker Tilly appoints consulting MP
IRS criminal investigation chief announces retirement; Connecticut Society of CPAs and FEI install new boards of directors; and more CPA news. Original Article Posted at : https://www.accountingtoday.com/list/people-firms-on-the-move-baker-tilly-appoints-consulting-mp
Read More7 ways to grow your accounting practice, even in a down economy
As an accounting professional, these are tough days. But that doesn’t mean your practice can’t grow during this season. Original Article Posted at : https://www.accountingtoday.com/list/7-ways-to-grow-your-accounting-practice-even-in-a-down-economy
Read MoreU.S. tariff threat isn’t swaying France on taxing tech giants
France held firm on its plans to resume collection of a national digital tax that hits technology giants including Amazon.com Inc., Alphabet Inc.’s Google and Facebook Inc., saying it wouldn’t be swayed by threats of U.S. sanctions. Original Article Posted at : https://www.accountingtoday.com/articles/u-s-tariff-threat-isnt-swaying-france-on-taxing-tech-giants
Read MoreNeutral Cost Recovery and Expensing: Frequently Asked Questions
What is cost recovery? What is depreciation? What is the tax treatment of investments in structures? What is the tax treatment of investments in machinery and equipment? What is the tax treatment of investments in research and development? What is the ideal tax treatment for investments? How does neutral cost recovery work? What is the…
Read MorePhase 4 Is not the Time to Experiment with Temporary Credits
Members of Congress are on a two-week recess before returning to consider a possible “phase 4” package to boost the economy and help individuals and businesses suffering from the economic effects of the most significant pandemic in the last century. Policymakers may be tempted to reach into the tax code to find a solution to…
Read MoreTrump scorns court on tax rulings while records stay private
Donald Trump scored a tactical victory from the Supreme Court that will likely keep his personal financial records out of public view through the November election, but he framed Thursday’s two rulings as a loss imposed by his enemies. Original Article Posted at : https://www.accountingtoday.com/articles/trump-scorns-court-on-tax-rulings-while-records-stay-private
Read MoreTax Fraud Blotter: Laundry day
Sentence stayed; stealing on multiple levels; the loot you took; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-laundry-day
Read MoreHow Stable is Cigarette Tax Revenue?
.axis line, .axis path { stroke: #cccccc; } .axis text { fill: #555555; font-family: ‘Lato’, sans-serif; font-size: 12px; } #inflation-toggle { border-left: 1px solid #cccccc; margin-left: 0.5rem; padding-left: 0.5rem; } Choose a State Inflation Adjusted Cigarette excise taxes have been a source of state revenue for decades, but in recent years, reliance on these…
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