Accounting
What the Internet Can Teach Us About Capital Investment, Infrastructure, and Tax Policy
The lockdowns imposed in response to the COVID-19 pandemic induced an increase in demand for broadband internet, as work from home and other social distancing measures pushed people to spend more time online. As broadband becomes a more important piece of America’s infrastructure, it makes sense to look at tax policy that will help drive…
Read MoreSBA and Treasury streamline PPP loan forgiveness applications
The Small Business Administration and the Treasury Department unveiled a simpler loan forgiveness application for the Paycheck Protection Program to reflect changes in the PPP Forgiveness Act that was signed into law this month to provide more flexibility to small businesses to receive forgiveness on their SBA-backed loans. Original Article Posted at : https://www.accountingtoday.com/news/sba-and-treasury-streamline-ppp-loan-forgiveness-applications
Read MoreNew Rewind tool allows “copying” data from QuickBooks Online
Rewind Copy allows accountants to set up a new client and migrate their data quickly instead of manually importing files. Original Article Posted at : https://www.accountingtoday.com/news/new-rewind-tool-allows-copying-data-from-quickbooks-online
Read MoreReceipt Bank acquires Xavier, data quality specialists
The software detects errors and anomalies in complex business data within accounting software, aimed at reducing the frequency and the cost of fixing them for accountants and bookkeepers. Original Article Posted at : https://www.accountingtoday.com/news/receipt-bank-acquires-xavier-data-quality-specialists
Read MoreWave debuts banking, bookkeeping, payments solution
Wave Money integrates with Wave’s financial management software for a full money management experience. Original Article Posted at : https://www.accountingtoday.com/news/wave-debuts-banking-bookkeeping-payments-solution
Read MoreHow High are Distilled Spirits Taxes in Your State?
Of all alcoholic beverages subject to taxation, stiff drinks—and all distilled spirits—face the stiffest tax rates. Ostensibly, this is because spirits have higher alcohol content than the other categories, like wine and beer. This round of information is on us, so help yourself to the map below to see whether you’re shaken or stirred by how your state’s…
Read MoreChallenges for Transfer Pricing in an Economic Downturn
Key Findings Transfer pricing rules will come under pressure during the economic downturn. Businesses will need to adjust their transfer pricing to reflect the changing economic circumstances with limited real-time data on comparable entities and transactions. Royalty arrangements with production facilities, distributor returns, and loss attributions all create decision points for companies to adjust their…
Read MoreTrump tax break fails to deliver for communities, study finds
President Donald Trump recently highlighted the “opportunity zone” tax breaks he signed into law in late 2017 as a reason his administration “has done more for the Black Community than any president since Abraham Lincoln,” but a new study casts doubt on the program’s effectiveness. Original Article Posted at : https://www.accountingtoday.com/articles/trump-tax-break-fails-to-deliver-for-communities-study-finds
Read MoreIn the blogs: Phases on stun
Reopening and depreciation; cutting your AR; butts in seats; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-phases-on-stun
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