Accounting
Major changes in RMDs and retirement contributions in $2T stimulus plan
The passage extends the IRA contribution deadline and waives RMDs for 2020. Here’s what else financial advisors need to know. Original Article Posted at : https://www.accountingtoday.com/news/new-cares-act-would-bring-tax-relief-for-retirement-accounts
Read MoreCIMA exams to allow first-ever remote testing
Starting May 2020, CIMA students can take their exams outside of testing centers due to the ongoing COVID-19 outbreak. Original Article Posted at : https://www.accountingtoday.com/news/cima-exams-to-allow-first-ever-remote-testing
Read MoreAICPA asks IRS for wider tax relief amid coronavirus
The American Institute of CPAs wants the Internal Revenue Service and the Treasury Department to give taxpayers more tax filing and payment relief during the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-asks-irs-for-wider-tax-relief-amid-coronavirus
Read MoreMarch 27th Morning State Tax Update
On March 19 we launched a tracker providing a repository of information related to state fiscal policy responses to COVID-19. We are updating the tracker frequently and will be using the Tax Foundation blog to summarize new developments and provide analysis of relevant trends as they emerge. This post is part of that series. Past Updates:…
Read MoreAvoid these traps when dividing partner compensation
For small and midsized CPA firms, one of the most common complaints among both line partners and senior management involves compensation and annual adjustments. Original Article Posted at : https://www.accountingtoday.com/opinion/avoid-these-traps-when-dividing-partner-compensation
Read MoreTax Fraud Blotter: Financial wrecks
Quite an education; food for thought; Motion denied; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-financial-wrecks
Read MoreIndia Pushes Digital Taxes in a Difficult Time
Even during the coronavirus outbreak, efforts to change the way digital business models are taxed continue. The OECD announced on March 17 that efforts connected to their team’s work on digital taxation are continuing at “full steam” even as they shift to telework. The scope of the OECD work is expansive and the challenges for…
Read MoreAccountingSuite and Tax1099 integrate to make e-filing easier for contractors
The deadline for 1099-MISC filing for non-Box 7 amounts is March 31. Original Article Posted at : https://www.accountingtoday.com/news/accountingsuite-and-tax1099-integrate-to-make-e-filing-easier-for-contractors
Read MoreNASBA, AICPA and Prometric announce emergency testing period
The 2020 Q2 CPA Exam testing window will now be extended from June 10 to June 30, 2020. Original Article Posted at : https://www.accountingtoday.com/news/nasba-aicpa-and-prometric-announce-emergency-testing-period
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