Accounting
Coronavirus worries hit financial plans
The novel coronavirus pandemic is causing the biggest drop in Americans’ financial situation in over a decade, according to a new survey of CPA financial planners. Original Article Posted at : https://www.accountingtoday.com/news/coronavirus-hits-cpa-financial-planning-clients
Read MoreWatch: State Tax Policy and COVID-19
Like the federal government, states play a critical role in responding to the coronavirus outbreak. Legislators across the country are working to respond as quickly and effectively as possible. While direct public health interventions and assistance to those in economic distress are the most urgent needs, tax policy plays an important role in this process,…
Read MoreCoronavirus will force more CPA firms to shift to distance learning
The cost savings alone are a compelling reason to replace live seminar training with remote delivery. Original Article Posted at : https://www.accountingtoday.com/opinion/coronavirus-will-force-more-cpa-firms-to-shift-to-distance-learning
Read MoreAgent or advisor? It matters for CARES Act-related services
The rules surrounding the Payroll Protection Program (PPP) under the Coronavirus Aid, Relief and Economic Security Act (CARES Act) are evolving. It is very clear that accountants will play a critical role. Original Article Posted at : https://www.accountingtoday.com/opinion/agent-or-advisor-it-matters-for-cares-act-related-services
Read MoreNew Guidance on State Aid Under the CARES Act
On Wednesday, the U.S. Department of the Treasury issued new guidance on allowable expenses using the $150 billion in state aid provided under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a point on which there has been considerable confusion. The guidance provides a reasonably flexible interpretation of permissible uses of payments from the…
Read MoreWorking from home? Beware of the Doom Loop
Right now, we’re in the danger zone of having some of these pandemic-era habits becoming permanent. Original Article Posted at : https://www.accountingtoday.com/opinion/working-from-home-beware-of-the-doom-loop
Read MoreIPOs can spring tax traps on employees
Accountants and tax pros should pay special attention to their clients who work at companies that have recently gone public. Original Article Posted at : https://www.accountingtoday.com/opinion/ipos-can-spring-tax-traps-on-employees
Read MoreDividend Tax Rates in Europe
Many countries’ individual income tax systems tax various sources of individual income—including investment income such as dividends and capital gains. Today’s map shows how dividend income is taxed across European OECD countries. A dividend is a payment made to a corporation’s shareholders from corporate after-tax profits. In most countries, such dividend payments are subject to…
Read MoreLawmakers demand answers about delayed stimulus payments for coronavirus
Democrats on the tax-writing House Ways and Means Committee have sent a letter to Treasury Secretary Steven Mnuchin asking what has happened with the delayed economic impact payments. Original Article Posted at : https://www.accountingtoday.com/news/lawmakers-demand-answers-about-delayed-stimulus-payments-for-coronavirus
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