Fox News host Pirro’s ex-husband gets last-minute tax fraud pardon from Trump

Albert J. Pirro Jr., a former business partner of Donald Trump and the ex-husband of Fox News host Jeanine Pirro, was pardoned by the departing president on his last day in office at the end of a flurry of clemency. Original Article Posted at : https://www.accountingtoday.com/articles/fox-news-host-pirros-ex-husband-gets-last-minute-tax-fraud-pardon-from-trump

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Tax Subsidies for R&D Expenditures in Europe

Many countries incentivize business investment in research and development (R&D), intending to foster innovation. A common approach is to provide direct government funding for R&D activity. However, a significant number of jurisdictions also offer R&D tax incentives. These generally take two forms, namely patent boxes—taxing income derived from intellectual property at a rate below the statutory…

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M&A roundup: Prager Metis, REDW, Somerset and Fineman West expand

Prager Metis combines with Blair, Bohlé & Whitsitt; REDW joins with CPA Global Tax & Accounting; Somerset CPAs and Advisors adds Rowley & Company; and Fineman West merges in Katz & Associates. Original Article Posted at : https://www.accountingtoday.com/list/m-a-roundup-prager-metis-redw-somerset-and-fineman-west-expand

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ACCA finds mixed views on diversity in the accounting profession

The Association of Chartered Certified Accountants found the majority of accountants internationally believe they are in an inclusive profession, but nearly two-thirds think the profession still has an issue to deal with when it comes to diversity. Original Article Posted at : https://www.accountingtoday.com/news/acca-finds-mixed-views-on-diversity-in-the-accounting-profession

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IRS issues guidance on repayment of deferred payroll taxes

The Internal Revenue Service released information on how employees now have until the end of the year to repay any payroll taxes they deferred from last year. Original Article Posted at : https://www.accountingtoday.com/news/irs-issues-guidance-on-repayment-of-deferred-payroll-taxes

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Budgeting advice for accountants for 2021

Given the turbulence of the past year, agility should be at the forefront of our minds when building a budget and strategy for 2021. Original Article Posted at : https://www.accountingtoday.com/opinion/budgeting-advice-for-accountants-for-2021

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Biden to extend student-loan payment freeze until September

President Joe Biden plans to extend a freeze on federal student-loan repayments until at least the end of September, keeping in place a pandemic measure that’s reduced costs for tens of millions of borrowers. Original Article Posted at : https://www.accountingtoday.com/articles/biden-to-extend-student-loan-payment-freeze-until-september

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Intuit adds tools to helps small businesses and self employed apply for further PPP loans

Intuit has updated Intuit Aid Assist, a free website with interactive tools to help small business owners and the self-employed assess their eligibility for federal relief and related tax credits from the Coronavirus Response and Relief Supplemental Appropriations Act. Original Article Posted at : https://www.accountingtoday.com/news/intuit-adds-tools-to-helps-small-businesses-and-self-employed-apply-for-further-ppp-loans

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