Accounting
Taxpayers defaulted on over half of payment arrangements with private debt collectors
Private collection agencies that have contracted with the Internal Revenue Service to collect overdue tax debts have collected nearly $500 million since 2017, according to a new report, but that’s just a fraction of the over $30 billion owed. Original Article Posted at : https://www.accountingtoday.com/news/taxpayers-defaulted-on-over-half-of-payment-arrangements-with-private-debt-collectors
Read MoreGuiding clients through PPP loan forgiveness
As the time comes for businesses to apply for PPP loan forgiveness, CPAs can provide vital assistance to ensure success for their clients. Original Article Posted at : https://www.accountingtoday.com/opinion/guiding-clients-through-ppp-loan-forgiveness
Read MoreTax planning amid political uncertainty
Given the size and number of tax changes proposed by the Biden administration, it’s no wonder advisors face challenges in helping clients prepare for the year ahead. Original Article Posted at : https://www.accountingtoday.com/opinion/tax-planning-amid-political-uncertainty
Read MoreTrump wins round in bid to curb congressional subpoena of accountants
A federal appeals court in Washington agreed with President Donald Trump that a lower court should decide whether Democrats in Congress must narrow their subpoena to his accounting firm for his financial records. Original Article Posted at : https://www.accountingtoday.com/articles/trump-wins-round-in-bid-to-curb-congressional-subpoena-of-accountants
Read More5 things to think about in 2021
A handful of lessons for the accounting profession from the disruption of 2020. Original Article Posted at : https://www.accountingtoday.com/opinion/5-things-to-think-about-in-2021
Read MoreTaking it from the top in financial planning
A new year offers a chance for a new start with clients. Original Article Posted at : https://www.accountingtoday.com/opinion/taking-it-from-the-top-in-financial-planning
Read MoreMcConnell rules out passing House bill on $2K relief payments
Senate Majority Leader Mitch McConnell on Wednesday closed off chances that the Senate would pass anytime soon a House bill that would give most Americans $2,000 stimulus payments. Original Article Posted at : https://www.accountingtoday.com/articles/mcconnell-rules-out-passing-house-bill-on-2k-relief-payments
Read MoreIRS taxpayer data wasn’t exposed in SolarWinds hack, says TIGTA
The Treasury Inspector General for Tax Administration so far hasn’t uncovered any evidence that sensitive taxpayer data was accessed during cyberintrusions blamed on Russian government hackers. Original Article Posted at : https://www.accountingtoday.com/news/irs-taxpayer-data-wasnt-exposed-in-solarwinds-hack-says-tigta
Read MoreFirms giving back: NJCPA collects $25K for food drive
Meanwhile, Fulcrum Partners managing director Monte Harrick volunteers to keep his son’s varsity basketball season going through COVID-`19 disruptions. Original Article Posted at : https://www.accountingtoday.com/list/firms-giving-back-njcpa-collects-25k-for-food-drive
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