Accounting
Pelosi dismisses Trump call on payroll, capital gains taxes
House Speaker Nancy Pelosi dismissed President Donald Trump’s call for a payroll tax cut and changes in the capital gains tax, saying it wouldn’t help millions of unemployed workers and others struggling in an economy shut down by the pandemic. Original Article Posted at : https://www.accountingtoday.com/articles/pelosi-dismisses-trump-call-on-payroll-capital-gains-taxes
Read MoreIRS looking for applications for TCE and VITA grants
The service is looking for tax preparers to help the elderly and low-income taxpayers. Original Article Posted at : https://www.accountingtoday.com/news/irs-looking-for-applications-for-tce-and-vita-grants
Read MoreTax Fraud Blotter: Pro’s now cons
Gave at the office; mortgage and mining; rotten to the corps; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-pros-now-cons
Read MoreAICPA delays effective dates of ethics rules due to coronavirus
The American Institute of CPAs’ Professional Ethics Executive Committee has decided to postpone the effective dates for three of its ethics interpretations in its Code of Professional Conduct for one year, due to the impact of the novel coronavirus pandemic. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-delays-effective-dates-of-ethics-rules-due-to-coronavirus
Read MoreFinance execs work to manage coronavirus issues amid dire conditions
Financial executives are taking a two-phase approach to managing coronavirus issues that face their companies, according to a new survey. Original Article Posted at : https://www.accountingtoday.com/news/finance-execs-work-to-manage-coronavirus-issues-amid-dire-conditions
Read MoreWatch: Coronavirus: A Path to Economic Recovery
So far, the federal government has focused on short-term policies to stem the spread of COVID-19 and provide immediate relief, but soon they will need to address what may prove to be an even more difficult task: ensuring a strong post-crisis recovery. Tax Foundation President Scott Hodge and Vice President of Federal Tax and Economic…
Read MoreMake the most of the July 15 tax deadline
The postponed filing date gives taxpayers extra time to lower their tax burden with some last-minute strategies. Original Article Posted at : https://www.accountingtoday.com/news/make-the-most-of-the-july-15-tax-deadline
Read MoreThe impact of COVID-19 on the fears of making M&A decisions
It is no secret that many CPA firm mergers and practice transfers that made great sense on paper never came to life because of fear that existed on both sides of the negotiating table. Original Article Posted at : https://www.accountingtoday.com/opinion/the-impact-of-covid-19-on-the-fears-of-making-m-a-decisions
Read MoreIRS tells family members of deceased to return stimulus money
The Internal Revenue Service said individuals who got a $1,200 stimulus payment intended for someone who’s deceased or incarcerated should return the money but left open the question of how the agency would enforce that. Original Article Posted at : https://www.accountingtoday.com/articles/irs-tells-family-members-of-deceased-to-return-stimulus-money
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