Your 2021 to-do list

Here are 12 tasks — one for each month — that accounting firm leaders can use to improve their practices all year long. Original Article Posted at : https://www.accountingtoday.com/list/your-2021-to-do-list

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State Tax Changes Effective January 1, 2021

Table of Contents Key Findings Introduction Corporate Income Tax Changes Individual Income Tax Changes Sales and Use Tax Changes Property and Wealth Tax Changes Tobacco, Vapor, and Marijuana Tax Changes Transportation Tax Changes Miscellaneous Excise Tax Changes Other Tax Changes Retroactive Tax Changes Adopted in 2020 Key Findings Twenty-six states and the District of Columbia…

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Tax Fraud Blotter: Wheels of justice

Ooo, the pain; off the market; a lower calling; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/opinion/tax-fraud-blotter-wheels-of-justice

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Accounting firm heads urge Congress to accept Electoral College results

Leaders of the Big Four CPA firms and major companies are stepping in and asking Congress to allow a smooth transition to the Biden administration as Congress prepares Wednesday for a certification of the Electoral College vote. Original Article Posted at : https://www.accountingtoday.com/news/accounting-firm-heads-business-leaders-urge-congress-to-accept-electoral-college-results

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IRS ups fees for private letter rulings

The Internal Revenue Service is increasing many of the fees for requests for private letter rulings by 26.7 percent, starting Feb. 4. Original Article Posted at : https://www.accountingtoday.com/news/irs-ups-fees-for-private-letter-rulings

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BKD helms tax film noir short

BKD CPAs & Advisors premiered a film noir-style parody called “The Missing Deduction,” a 30-minute video featuring plenty of esoteric tax jokes. Original Article Posted at : https://www.accountingtoday.com/news/bkd-helms-tax-film-noir-short

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Get ready for ‘PPP2’

The latest stimulus package includes a number of provisions that make some major adjustments to the Paycheck Protection Program. Erik Asgeirsson of CPA.com and Lisa Simpson of the AICPA discuss the latest changes, and how accountants should be working with clients to make the most of them. Original Article Posted at : https://www.accountingtoday.com/podcast/get-ready-for-ppp2

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