Accounting
Season of uncertainty: Aiming for April 15
From the delayed stat to a rush of new legislation and an overloaded IRS, a host of issues are combining to make tax filing even more difficult than usual. Original Article Posted at : https://www.accountingtoday.com/news/season-of-uncertainty-aiming-for-april-15
Read MoreA dozen tax tips for the 2021 filing season
Our panel of experts have identified these 12 credits, deductions and more as worth particular attention this year. Original Article Posted at : https://www.accountingtoday.com/list/a-dozen-tax-tips-for-the-2021-filing-season
Read MoreThe Tax Hound
Tax policy isn’t just for economists, lawyers, or policymakers. Taxes affect us all and The Tax Hound engages the rest of us in interesting conversations about what government taxes, and why.
Read MoreWisconsin’s PPP Loan Recipients Face Hundreds of Millions in Surprise Taxes
Nearly 90,000 Wisconsin small businesses that have taken out loans under the federal Paycheck Protection Program (PPP) will face hundreds of millions of dollars in state income tax liability on those loans this spring, despite the loans being tax-free at the federal level. Unless the legislature acts, businesses that have received PPP loans and related…
Read MoreIRS updates guidance on paid sick leave and family leave credits
The Internal Revenue Service is clarifying its guidance on provisions of the coronavirus relief legislation providing tax credits to employers offering paid sick leave and family leave to workers. Original Article Posted at : https://www.accountingtoday.com/news/irs-updates-guidance-on-paid-sick-leave-and-family-leave-credits
Read MoreWhat the GameStop Saga Can Teach Us About Mark-to-Market Taxation of Capital Gains
Imagine a mark-to-market capital gains tax, like the one proposed in New York, generating liability in a GameStop-style situation where retail investors have shares that have soared in value by orders of magnitude, get taxed on those gains, and then hold on too long and sell as the stock crashes back to earth. Whether you…
Read MorePPP loans covered less than a month of small biz expenses
As a fresh round of federal relief loans is getting distributed to U.S. small firms hit by a pandemic crisis that will soon stretch to a year, new research shows that last year’s tranches of the Paycheck Protection Program covered less than a month of business expenses. Original Article Posted at : https://www.accountingtoday.com/articles/ppp-loans-covered-less-than-a-month-of-u-s-small-biz-expenses
Read MoreRural states get larger share of latest PPP loans
Small businesses in Nebraska, Oklahoma and other rural states have been the most successful at getting federal pandemic relief in the $284 billion round of aid that opened this month, buoyed by a new rule that authorizes loans to many farms that didn’t qualify before. Original Article Posted at : https://www.accountingtoday.com/articles/rural-u-s-states-get-larger-share-of-ppp-loans-in-latest-round
Read MoreFirms giving back: Weaver raises $60K via firmwide charity walk
Anders CPAs + Advisors announces its Charity of Choice; Brown Schultz Sheridan & Fritz donates $50,000 to nonprofits in Pennsylvania and Maryland; and a Cohnreznick partner is named to the American Cancer Society Board of Directors. Original Article Posted at : https://www.accountingtoday.com/list/firms-giving-back-weaver-raises-60k-via-firmwide-charity-walk
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