Accounting
DAFs stepped up charitable giving during pandemic
Holders of donor-advised funds increased their disbursements last year in response to urgent demands for greater charitable contributions to cope with the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/donor-advised-funds-stepped-up-charitable-giving-during-pandemic
Read MoreIRS warns of ghost tax preparers
The Internal Revenue Service issued a warning Wednesday to taxpayers to beware of unethical “ghost” tax preparers who don’t sign tax returns for clients. Original Article Posted at : https://www.accountingtoday.com/news/irs-warns-of-ghost-tax-preparers
Read MoreDrive growth with a partnership marketing plan
While one marketer is good, two or more working toward a common goal is even better. Original Article Posted at : https://www.accountingtoday.com/opinion/drive-your-accounting-firms-growth-with-a-partnership-marketing-plan
Read MoreTed on Tech: Another unusual tax season bears a new look at scanners
With tax season starting later than usual, and many of your clients still stuck working remotely, you’ll need all of the tools you can get to make the tax prep process go as smoothly as possible. Original Article Posted at : https://www.accountingtoday.com/opinion/another-unusual-tax-season-bears-a-new-look-at-scanners
Read MoreTake control of your calendar this busy season
Get back 10-plus hours of every week with this strategy. Original Article Posted at : https://www.accountingtoday.com/opinion/take-control-of-your-calendar-this-busy-season
Read MoreState Individual Income Tax Rates and Brackets for 2021
Table of Contents Key Findings State Individual Income Tax Structures Notable Individual Income Tax Changes in 2021 Map: How High are Individual Income Tax Rates in Your State? 2021 State Individual Income Tax Rates and Brackets 2015-2021 State Individual Income Tax Rates and Brackets Notes Key Findings Individual income taxes are a major source of…
Read MoreBlackRock’s latest climate instructions come with a new threat
BlackRock has previously endorsed companies reporting climate risks based on frameworks developed by the Task Force on Climate-related Financial Disclosures and the Sustainability Accounting Standards Board. This year, it went a step further. Original Article Posted at : https://www.accountingtoday.com/articles/blackrocks-latest-climate-instructions-come-with-a-new-threat
Read MoreMarginal Tax Rates on Labor Income Under the Democratic House Ways and Means Child Tax Credit Proposal
The coronavirus relief legislation passed out of the House Ways and Means Committee last week would significantly expand the child tax credit (CTC) for 2021, from its current $2,000 maximum to a fully refundable $3,600 for children 6 and under and $3,000 for children over 6. Monthly payments would be provided based on income tax…
Read MoreShould IRS or Social Security Administer A Monthly Child Benefit?
President Biden, the House Ways & Means Committee, and Senator Mitt Romney (R-UT) agree: They want to increase child benefits to parents who work and…
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