Accounting
Temporary Work Locations in a Permanent Establishment World
The incredible disruptions that the current pandemic has caused has led to a variety of tax questions. While much of the fiscal conversation has focused on tax relief and tax deferrals, another significant angle needs to be explored. That is the question of nexus. If a business has employees all over the world and some…
Read MoreCan your firm thrive from the coronavirus?
The current pandemic offers opportunities for firms that are ready to change. Original Article Posted at : https://www.accountingtoday.com/opinion/can-your-firm-thrive-from-the-coronavirus
Read MoreState Rainy Day Funds and the COVID-19 Crisis
Key Findings State revenue stabilization funds, often called rainy day funds, are better funded now than they were at the start of the Great Recession and can be a valuable tool as states face a sharp pandemic-linked economic contraction. The median rainy day fund balance is 8 percent of state general fund expenditures, but several…
Read MoreA Good Excise Tax
On March 19, Secretary of the Interior David Bernhardt announced that the U.S. Fish and Wildlife Service will distribute almost $1 billion to state and territorial fish and wildlife agencies to fund conservation and recreation projects. These funds have been raised through a rather well-designed excise tax levied on firearms as well as hunting and…
Read MoreConsiderations in an uncertain economic environment amid coronavirus
It is important to look at cost segregation and what it can do for a taxpayer. Original Article Posted at : https://www.accountingtoday.com/opinion/considerations-in-an-uncertain-economic-environment-amid-coronavirus
Read MoreGASB working to address coronavirus impact on government accounting
The Governmental Accounting Standards Board is working on several fronts to offer relief to state and local governments and other stakeholders in the midst of the pandemic, including delaying the effective date of some standards. Original Article Posted at : https://www.accountingtoday.com/news/gasb-working-to-address-coronavirus-impact-on-government-accounting
Read MoreCliftonLarsonAllen upgrades financial scenario modeling tool to tackle coronavirus impact
CLA Intuition 2.0 uses interactive dashboards designed to bring greater financial insight and clarity to navigate change during these unprecedented times. Original Article Posted at : https://www.accountingtoday.com/news/cliftonlarsonallen-upgrades-financial-scenario-modeling-tool-to-tackle-coronavirus-impact
Read MoreMazars USA offers Paycheck Protection Program analysis tool for small biz
The tool is available for small businesses, CFOs and accounting firms to help them navigate the program, which can be complex, and increase the speed of the application process. Original Article Posted at : https://www.accountingtoday.com/news/mazars-usa-offers-paycheck-protection-program-analysis-tool-for-small-biz-during-coronavirus
Read MoreArt of Accounting: Communicating with clients during tax season and coronavirus
Keeping in touch with clients is very important, especially during this period of isolation. Here is a way to provide updates to clients regarding their tax returns and to keep in touch generally. Original Article Posted at : https://www.accountingtoday.com/opinion/art-of-accounting-communicating-with-clients-during-tax-season-and-coronavirus
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