Accounting
IRS offers guidance for teachers on deducting PPE expenses
The Internal Revenue Service issued guidance on how educators can deduct out-of-pocket expenses for personal protective equipment to safeguard teachers in the classroom during the pandemic. Original Article Posted at : https://www.accountingtoday.com/news/irs-offers-guidance-for-teachers-on-deducting-ppe-expenses
Read MoreCOVID-19 pressures force CFOs to step down
A record number of CFOs in S&P 500 companies stepped down last year, partly due to the turmoil facing their companies from the coronavirus pandemic. Original Article Posted at : https://www.accountingtoday.com/news/covid-19-pressures-force-cfos-to-step-down
Read MoreChange management: Break through the status quo
For radical CPAs, starting the new year is a great time for change. Whether you’re thinking about adopting a new process or technology or revamping everything at your firm, it all starts with being intentional. Original Article Posted at : https://www.accountingtoday.com/opinion/change-management-break-through-the-status-quo
Read MorePeople & firms on the move: Postlethwaite & Netterville hires biz dev director
Brown Schultz Sheridan & Fritz donates $50K to nonprofits; Kassouf promotes 19; and more CPA news. Original Article Posted at : https://www.accountingtoday.com/list/people-firms-on-the-move-postlethwaite-netterville-hires-biz-dev-director
Read MoreSen. Romney’s Child Tax Reform Proposal Aims to Expand the Social Safety Net and Simplify Tax Credits
Sen. Mitt Romney (R-UT) this week proposed the Family Security Act, which features a new, more generous child allowance for families with children while reforming other sources of aid for low-income individuals. Romney’s plan would replace the existing Child Tax Credit (CTC), which is subject to a minimum income requirement and other limitations, with a…
Read MoreCompliance reporting helps firms realize benefits from credits and incentives
Knowing what is required and completing documentation in a timely fashion maximize the company’s opportunity to receive its incentive reward. Original Article Posted at : https://www.accountingtoday.com/opinion/compliance-reporting-helps-firms-realize-benefits-from-credits-and-incentives
Read MoreWhat the U.S. Can Learn from the Adoption (and Repeal) of Wealth Taxes in the OECD
Recent discussions of a proposed wealth tax for the United States have included little information about trends in wealth taxation among other developed nations. However, those trends and the current state of wealth taxes in OECD countries can provide context for this new proposal. The OECD maintains detailed tax revenue statistics going back to 1965…
Read MoreFlorida and Missouri, the Last Wayfair Holdouts, Consider Remote Sales Tax Bills
Since 2018’s landmark South Dakota v. Wayfair Supreme Court case, most states have jumped at the chance to use their newfound authority to tax a greater share of online sales. Some states designed their systems better than others, and many still include relics of previous regulations dealing with physical presence, but nearly every state was…
Read MoreTipalti embeds AP automation in three business platforms
As businesses struggle with the consequences of the coronavirus pandemic, technology providers are responding with more comprehensive offerings to simplify their operations. Original Article Posted at : https://www.accountingtoday.com/news/tipalti-embeds-ap-automation-in-three-different-business-platforms
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