Accounting

The U.S. Department of Labor issued a final rule Wednesday to clarify the standard for determining whether a worker should be considered an employee or an independent contractor. Original Article Posted at : https://www.accountingtoday.com/news/labor-department-finalizes-rule-on-employee-vs-independent-contractor-status

The Internal Revenue Service and the Treasury Department released final regulations Wednesday on how businesses can claim a tax credit for use of carbon capture equipment to help the environment. Original Article Posted at : https://www.accountingtoday.com/news/irs-finalizes-rules-for-claiming-carbon-capture-tax-credits

EY aims to help business-to-business enterprise clients that have contractually driven, multiparty cash flow distributions to create similar blockchain platforms. Original Article Posted at : https://www.accountingtoday.com/news/ey-and-microsoft-expand-xbox-blockchain-smart-contract-platform

The United Kingdom’s Financial Reporting Council issued a report Wednesday on its sanctions against Deloitte for audits of a British software company that was acquired by HP. Original Article Posted at : https://www.accountingtoday.com/news/u-k-financial-reporting-council-reports-record-fine-against-deloitte-for-autonomy-audits

The Internal Revenue Service and the Treasury Department released guidance on claiming deductions for expenses associated with Paycheck Protection Program loans that have been forgiven. Original Article Posted at : https://www.accountingtoday.com/news/irs-offers-guidance-on-deducting-ppp-expenses

The Internal Revenue Service is once again depositing the latest round of Economic Impact Payments in the wrong bank accounts in a replay of problems experienced last year by many taxpayers. Original Article Posted at : https://www.accountingtoday.com/news/irs-stimulus-payments-again-being-deposited-in-wrong-bank-accounts

Are you really stuck on a problem or just procrastinating about a hard decision? When it comes to confusion, the most obvious answer is usually the right answer. Try this simple exercise for breaking through confusion. Original Article Posted at : https://www.accountingtoday.com/opinion/are-you-confused-or-just-procrastinating