Accounting
Your firm and the pandemic: Better after broken
During stressful times like these, it’s natural to feel like everything around you is broken. Original Article Posted at : https://www.accountingtoday.com/opinion/better-after-broken
Read MoreHow the HEROES Act Would Allocate State and Local Aid
The HEROES Act, introduced Tuesday by House Democrats, provides more than $1 trillion to state and local governments, including $915 billion in flexible aid—which can be spent for any purpose, including to backfill revenue losses—in installments over the next year. In broad strokes, these coronavirus relief funds are four tranches for allocation purposes: by jurisdiction…
Read MoreHouse Democrats unveil $3 trillion aid bill with cash for states
House Democrats proposed a $3 trillion virus relief bill Tuesday, combining aid to state and local governments with direct cash payments, tax breaks, expanded unemployment insurance and food stamp spending as well as a list of progressive priorities like funds for voting by mail and the troubled U.S. Postal Service. Original Article Posted at :…
Read MoreThe smallest businesses need changes to the PPP
Padgett Business Services’ Roger Harris suggests some exceptions for employers with fewer than 50 staff. Original Article Posted at : https://www.accountingtoday.com/news/the-smallest-businesses-need-changes-to-the-paycheck-protection-program
Read MoreResidents of low-wage states collect biggest coronavirus checks
Residents of states such as Utah, Idaho and South Dakota collected average stimulus payments topping $1,800. Original Article Posted at : https://www.accountingtoday.com/articles/residents-of-low-wage-red-states-collect-biggest-coronavirus-stimulus-checks-from-irs
Read MoreKey justices look for middle ground on Trump’s financial records
Key justices explored possible middle ground as the U.S. Supreme Court considered President Donald Trump’s bid to keep his financial records secret in a pair of cases that could have sweeping constitutional significance and affect the November election. Original Article Posted at : https://www.accountingtoday.com/articles/key-justices-look-for-middle-ground-on-trumps-financial-records
Read MoreIRS offers more flexibility on cafeteria plans, FSAs, dependent care assistance in response to coronavirus
The IRS is extending the claims period for health care flexible spending arrangements and dependent care assistance programs and enabling taxpayers to make mid-year changes to their accounts. Original Article Posted at : https://www.accountingtoday.com/news/irs-offers-more-flexibility-on-cafeteria-plans-fsas-and-dependent-care-assistance-in-response-to-coronavirus
Read MoreIn the blogs: Three little letters
More PPP details; virtues of reading instructions; the IRS slowly returns; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-three-little-letters
Read MoreThe challenges for corporate reporting after COVID-19
The challenges for corporate reporting after COVID-19 Original Article Posted at : https://www.accountingtoday.com/opinion/the-challenges-for-corporate-reporting-after-covid-19
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