Accounting
How billionaire Robert Smith avoided indictment in a multimillion-dollar tax case
U.S. prosecutors and Internal Revenue Service agents spent four years piercing the veil of secrecy that billionaire money manager Robert F. Smith wove to hide more than $200 million in income. Original Article Posted at : https://www.accountingtoday.com/articles/how-billionaire-robert-smith-avoided-indictment-in-a-multimillion-dollar-tax-case
Read MoreElizabeth Warren to join Senate Finance panel responsible for tax policy
Senator Elizabeth Warren will join the Senate Finance Committee, an A-list Senate panel that oversees tax, trade and health care legislation, according to a person familiar with the assignment. Original Article Posted at : https://www.accountingtoday.com/articles/elizabeth-warren-to-join-senate-finance-panel-responsible-for-tax-policy
Read MoreCloud AP/AR company Lockstep closes $10M in Series A funding
“We founded Lockstep on the belief that accounting deserves better tools to keep their books in sync with trading partners,” said co-founder Peter Horadan. Original Article Posted at : https://www.accountingtoday.com/news/cloud-accounting-company-lockstep-closes-10m-in-series-a-funding
Read MoreDemocrats look to head off surprise tax bills for the jobless
Democrats are pushing a tax cut that would benefit individuals who lost their jobs in 2020 and may be in for a surprise tax bill this spring. Original Article Posted at : https://www.accountingtoday.com/articles/democrats-look-to-head-off-surprise-tax-bills-for-the-jobless
Read MoreInvestigating alternatives: Understanding the needs of high-net-worth investors
Many HNW investors are underwhelmed with the offerings of the average financial planning firm. Original Article Posted at : https://www.accountingtoday.com/opinion/investigating-alternatives-understanding-the-needs-of-high-net-worth-investors
Read MorePractice Profile: A dynamic duo at RoseRyan
The California accounting firm’s co-leadership model was put to the test in 2020. Original Article Posted at : https://www.accountingtoday.com/opinion/practice-profile-a-dynamic-duo-at-roseryan
Read MoreSummary of the Latest Federal Income Tax Data, 2021 Update
The Internal Revenue Service (IRS) has released data on individual income taxes for tax year 2018, showing the number of taxpayers, adjusted gross income, and income tax shares by income percentiles.[1] The new data shows how taxes changed in the first tax year after passage of the Tax Cuts and Jobs Act (TCJA) in December…
Read MoreState Corporate Income Tax Rates and Brackets for 2021
Key Findings Forty-four states levy a corporate income tax. Rates range from 2.5 percent in North Carolina to 11.5 percent in New Jersey. Six states—Alaska, Illinois, Iowa, Minnesota, New Jersey, and Pennsylvania—levy top marginal corporate income tax rates of 9 percent or higher. Ten states—Arizona, Colorado, Florida, Kentucky, Mississippi, Missouri, North Carolina, North Dakota, South…
Read MoreWhat Do You Think About Taxes?
We’re one month into 2021. There’s a pandemic, an economic slump, and a new president and vice president. Congress is considering another pandemic relief bill and may address new tax proposals too. And tax season starts next week. There’s no time like the present to ask my friends and family what they think about taxes!
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