Accounting
Checks are deeply rooted in our history, but change is possible
One of the biggest arguments against checks is that they’re just plain old, invented to support even older banking processes. Original Article Posted at : https://www.accountingtoday.com/opinion/checks-are-deeply-rooted-in-our-history-but-change-is-possible
Read MoreCoronavirus calls for tough decisions, tighter focus from firms
Top consultants Gale Crosley, Angie Grissom and Allan Koltin share the strategies firms need to take to make it through the pandemic. Original Article Posted at : https://www.accountingtoday.com/news/coronavirus-calls-for-tough-decisions-tighter-focus-from-accounting-firms
Read MoreCyber attacks threaten tax pros and accountants during coronavirus crisis
The pandemic is ‘turning up the volume’ on security risks, according to security experts. Original Article Posted at : https://www.accountingtoday.com/news/cyber-attacks-threaten-tax-preparers-and-auditors-during-coronavirus-crisis
Read MoreChaos to the Left of Me. Chaos to the Right of me.
Yesterday, Pascal Saint-Amans, the Director of the Centre for Tax Policy and Administration at the OECD, announced that the negotiation timeline for new digital taxation proposals has been impacted by the pandemic. Previously, governments were expected to agree on a set of policies by early July in order to have an implementation plan by the…
Read MoreTreasury Audit Highlights the Need for Clearer Eligibility Guidelines for the EITC
Despite better record keeping, the federal government continues to incorrectly send out billions of dollars in tax relief, a sign of complexity in the tax code. Last Thursday, a Treasury Inspector General for Tax Administration audit estimated that 25.3 percent ($17.4 billion) of the $68.7 billion Earned Income Tax Credit (EITC) payments made in Fiscal…
Read MoreReform school: Has the second season of the TCJA been easier?
Tax practitioners talk about the lessons clients are still learning about the Tax Cuts and Jobs Act. Original Article Posted at : https://www.accountingtoday.com/news/reform-school-has-the-second-season-of-the-tcja-been-easier
Read MoreInside the coronavirus-related employer tax credits and penalty relief
There’s a great deal of help for businesses in the CARES Act and the FFCRA. Original Article Posted at : https://www.accountingtoday.com/opinion/inside-the-coronavirus-related-employer-tax-credits-and-penalty-relief
Read MoreIRS taking applications for 2021 Low-Income Taxpayer Clinic grants
The deadline for submissions is June 16. Original Article Posted at : https://www.accountingtoday.com/news/irs-taking-applications-for-2021-low-income-taxpayer-clinic-grants
Read MoreTrump finds skeptics instead of allies for prize payroll tax cut
President Donald Trump has fixed his sights on getting a payroll tax cut in the next coronavirus stimulus bill, but it’s unclear whether he can get Republicans — much less Democrats — to go along with such a high-cost item that likely would have only a modest impact on the economy. Original Article Posted at…
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