Accounting
Brits to Prepare for Tax Reforms
Originally intended to be presented during the fall of 2020, and postponed due to the COVID-19 pandemic, a new United Kingdom budget will finally be published on March 3. Although normally most tax rate changes come into effect on budget day or soon after, 2021’s tax reforms might need to wait. Consultations on policies that…
Read MoreIRS urged to fix security holes in tax transcript program
The Internal Revenue Service should be doing more to protect the security of tax transcript information available through its Income Verification Express Service program, according to a new report. Original Article Posted at : https://www.accountingtoday.com/news/irs-urged-to-fix-security-holes-in-tax-transcript-program
Read MoreLess than half of accountants say the profession is equitable
A new report from the IMA and CalCPA also found that 43 to 55 percent of female, nonwhite, and LGBTQIA respondents polled have left a U.S. accounting company due to a perceived lack of equitable treatment. Original Article Posted at : https://www.accountingtoday.com/list/less-than-half-of-accountants-say-the-profession-is-equitable
Read MoreBuilding an exit ramp
No one likes to contemplate their own mortality, but John Napolitano of U.S. Wealth Management makes it clear why accountants need to get their business-owner clients thinking about exit planning. Original Article Posted at : https://www.accountingtoday.com/podcast/building-an-exit-ramp
Read MoreA $6 Billion Tax Increase Proposal in Pennsylvania Would Yield the Nation’s Highest Combined Flat-Rate Income Taxes
Under the budget introduced by Pennsylvania Gov. Tom Wolf (D), taxes would go up more than $6 billion per year, with additional revenue from both individual and corporate income taxes. The state’s flat personal income tax rate would increase by 46 percent, partially offset by an outsized increase in the poverty credit, which would see…
Read MoreTrump rejected as Supreme Court lets prosecutor get tax records
The U.S. Supreme Court put a New York grand jury on the brink of getting eight years of Donald Trump’s tax returns and other financial records, ending months of delay by rejecting his bid to keep the information private. Original Article Posted at : https://www.accountingtoday.com/articles/trump-rejected-as-supreme-court-lets-prosecutor-get-tax-records
Read MorePwC offers free masters degree for Black, Latinx accountants
The Big Four firm created the program to give more people of color the opportunity to become CPAs. Original Article Posted at : https://www.accountingtoday.com/news/pwc-offers-free-masters-degree-for-black-latinx-accountants
Read MoreArt of Accounting: Overloaded with tax work, underloaded with staff
A firm found itself shorthanded during tax season when two of its most experienced tax return reviewers left. What should they do? Original Article Posted at : https://www.accountingtoday.com/opinion/art-of-accounting-overloaded-with-tax-work-underloaded-with-staff
Read More3 pillars of an end-of-pandemic strategy
The vaccine rollout may not be happening as fast as we’d like, but an end to the worst of the pandemic is on the horizon. Is your firm ready for it? Original Article Posted at : https://www.accountingtoday.com/list/3-pillars-of-an-end-of-pandemic-strategy-for-accountants
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