Accounting
Pathways to Growth: Press ‘Shift’ and prepare to pivot
Gale Crosley shares how Top 100 Firm Grassi & Co. wrote the book on reinvention. Original Article Posted at : https://www.accountingtoday.com/opinion/pathways-to-growth-press-shift-and-prepare-to-pivot
Read MoreTax Strategy: Business interest deduction limits under the CARES Act
The act increased many of the limits from the Tax Cuts and Jobs Act, and the IRS has offered more guidance. Original Article Posted at : https://www.accountingtoday.com/opinion/tax-strategy-business-interest-deduction-limits-under-the-cares-act
Read MoreAn outsourced family CFO
Could your accounting firm thrive as a multifamily office? Original Article Posted at : https://www.accountingtoday.com/opinion/an-outsourced-family-cfo
Read MoreTax Fraud Blotter: Pain and gain
On the run; Talent for fraud; relative chips in; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-pain-and-gain
Read MoreCalifornia Considers Business Head Tax Plan that Seattle Repealed
With California’s unemployment rate approaching 25 percent, it is somewhat surprising to find policymakers contemplating a literal tax on jobs. That is, however, precisely what some California lawmakers have proposed under the COVID-19 Local Government and School Recovery and Relief Act, which would impose a $275 per employee tax on all businesses with at least…
Read MoreOECD Report: Tax Revenue in African Countries
The Organisation for Co-operation and Economic Development (OECD) has compiled tax revenue data for countries around the world—including 26 African countries, where tax revenue as a percent of GDP is on average lower than in other regions. On average, this tax-to-GDP ratio for those 26 countries was 17.2 percent, compared to the OECD average of 34.2…
Read MoreLegal Sports Betting One Step Closer in Ohio
This week, the Ohio House of Representatives passed House Bill 194, which would legalize and tax sports betting in the state. The bill now awaits action in the Ohio Senate. If enacted, the bill would legalize brick-and-mortar facilities and online betting while imposing a 10 percent excise tax on adjusted revenue (revenue minus winnings). The…
Read MoreThe extra weeks until July 15 fill up for preparers
The extended tax deadline is helpful — but practitioners still find themselves with plenty to do. Original Article Posted at : https://www.accountingtoday.com/news/the-extra-weeks-until-july-15-fill-up-for-tax-preparers
Read MoreAre We Headed For A New Era of Income Tax Deduction Creep?
Congress can’t seem to end its love affair with tax deductions. For a brief period starting with then-House Ways & Means Committee Chair Dave Camp’s…
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