Accounting
To What Extent Does Your State Rely on Individual Income Taxes?
Sources of state revenue have come in for closer scrutiny in light of the impact of the coronavirus outbreak, as different tax types have differing volatility and economic impact—although even beyond these unique circumstances, it is important for policymakers to understand the trade-offs associated with different sources of tax revenue. This week’s map looks at…
Read More5 ideas to help take your practice to the next level
There are no fixed rules and you can grow your firm in many ways. Original Article Posted at : https://www.accountingtoday.com/list/5-ideas-to-help-grow-your-virtual-practice
Read MoreUnder the HEROES Act, State Budgets Could Soar as the Economy Suffers
The HEROES Act, proposed by House Democrats as a next round of fiscal relief during the coronavirus outbreak, contains about $1.08 trillion in aid to states and localities. That would bring the pandemic total to $1.63 trillion—an amount so large that it might overwhelm their ability to spend it and could reward fiscal irresponsibility. With…
Read MoreProposed regs address deductibility of fines and penalties
The IRS is aiming to clarify some of the ramifications of the TCJA. Original Article Posted at : https://www.accountingtoday.com/news/proposed-regs-address-deductibility-of-fines-and-penalties
Read MoreCoronavirus’s impact on Q1 reporting and financial closing
As the world grapples with the escalating impact of the pandemic, a stark realization is now sweeping over accounting and finance teams — they’re the ones who have to figure out how countless uncertainties fit into their reporting and GAAP. Original Article Posted at : https://www.accountingtoday.com/opinion/coronaviruss-impact-on-q1-reporting-and-financial-closing
Read MoreHas coronavirus changed bookkeeping forever?
As businesses and employers make the sudden shift to agile working from home, how does this change their approach to maintaining their accounts? Original Article Posted at : https://www.accountingtoday.com/opinion/has-coronavirus-changed-bookkeeping-forever
Read MoreTrump tax returns remain elusive after mixed high court argument
Democrats may be as far as ever from seeing President Donald Trump’s tax returns after a U.S. Supreme Court argument suggested a legal fight over House subpoenas could extend for months. Original Article Posted at : https://www.accountingtoday.com/articles/trump-tax-returns-remain-elusive-after-mixed-high-court-argument
Read MoreA great time for fraudsters
Grant Thornton CEO Brad Preber and principal Linda Miller explain why the coronavirus pandemic and the government response to it have created unique opportunities for fraud. Original Article Posted at : https://www.accountingtoday.com/podcast/a-great-time-for-fraudsters
Read MoreHeat-seeking cameras and other tech stories you may have missed
Ten pandemic-related technology developments from the past month, and how they’ll impact your clients and your firm. Original Article Posted at : https://www.accountingtoday.com/list/heat-seeking-cameras-and-other-tech-stories-you-may-have-missed
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