Accounting
Diverse talent leaving accounting jobs due to ‘lack of inclusion’
A panel of diversity experts in the accounting profession found there is still unequal representation at senior levels, ahead of a report co-written by the IMA and CalCPA. Original Article Posted at : https://www.accountingtoday.com/news/diverse-talent-leaving-accounting-jobs-due-to-lack-of-inclusion
Read MoreTaxAct and TaxDome pair to create end-to-end tax management
TaxDome brings practice management, e-signature, secure file storage and more to TaxAct’s tax prep software. Original Article Posted at : https://www.accountingtoday.com/news/taxact-and-taxdome-pair-to-create-end-to-end-tax-management
Read MoreLatest CBO Report on Incomes and Taxes Shows that the Federal Fiscal System is Very Progressive
Key Findings Joe Biden has proposed an ambitious agenda that would make the federal fiscal system more progressive, and the huge budget deficits caused by the numerous COVID-19 relief packages could heighten the call for more tax revenues. What is needed are benchmark facts to guide these debates. A recent study by the Congressional Budget…
Read MoreConsumption Tax Policies in OECD Countries
Key Findings Introduction Consumption Taxes in Brief Consumption Tax Revenues in OECD Countries Value-added Tax Sales Taxes Excise Taxes Excise Tax Trends Conclusion Appendix (See PDF) Key Findings Consumption taxes are a significant source of revenue for governments across the world, making up 32.3 percent of tax revenues in OECD countries in 2019. Despite the…
Read MoreIRS offers option when PPP loan forgiveness is denied
Businesses who didn’t receive forgiveness on their Paycheck Protection Program loans can now claim a tax credit instead, thanks to a provision in last month’s coronavirus stimulus package. Original Article Posted at : https://www.accountingtoday.com/news/irs-offers-option-when-ppp-loan-forgiveness-is-denied
Read MoreTax windfalls drive states to unlikely role in U.S. recovery
America’s governors aren’t waiting for Washington to stimulate their economies. Original Article Posted at : https://www.accountingtoday.com/articles/tax-windfalls-drive-states-to-unlikely-role-in-u-s-recovery
Read MoreSupreme Court seeks Biden DOJ views on work-from-home taxes
New Hampshire is seeking to sue directly at the high court to challenge the Massachusetts practice of taxing nonresidents who used to work in the state but now do their jobs from home. Original Article Posted at : https://www.accountingtoday.com/articles/supreme-court-seeks-biden-doj-views-on-work-from-home-taxes
Read MoreWho Benefits from the State and Local Tax Deduction?
As President Joe Biden and policymakers in Congress consider changes in tax policy over the coming year, the fate of the $10,000 state and local tax (SALT) deduction cap will be an ongoing part of the policy debate. Senate Majority Leader Chuck Schumer (D-NY) has expressed interest in repealing the SALT cap, which was originally…
Read MoreAs Wirecard collapsed, key player fled by private jet to Belarus
A former senior executive at Wirecard AG escaped from Austria to Belarus on a private aircraft last year with the help of a secret-service agent and a far-right politician. Original Article Posted at : https://www.accountingtoday.com/articles/as-wirecard-collapsed-key-player-fled-by-private-jet-to-belarus
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