Accounting

Senate Majority Leader Mitch McConnell on Tuesday blocked an attempt by Democrats to force quick action increasing direct stimulus payments to $2,000 as President Donald Trump warned that failing to act now amounted to a “death wish” by Republicans. Original Article Posted at : https://www.accountingtoday.com/articles/mcconnell-rebuffs-trump-democrats-by-blocking-2k-aid-checks

With only a few days to go before the end of a difficult year, some accountants and tax professionals are still hoping to finish up some perplexing issues for their clients before New Year’s Day. Original Article Posted at : https://www.accountingtoday.com/news/accountants-rush-to-wrap-up-end-of-year-issues

The Internal Revenue Service’s Criminal Investigation Division is in a nostalgic mood this week about the much maligned 2020 and is releasing a retrospective this week of its top five cases of the year in a multiday countdown through its Twitter handle @IRS_CI. Original Article Posted at : https://www.accountingtoday.com/news/irs-criminal-investigation-tweets-back-on-top-cases-of-the-year

Most accountants who help clients with the choice of entity focus on the tax aspects. But in order to help clients make fully informed decisions, “personal” asset protection should be considered. Original Article Posted at : https://www.accountingtoday.com/opinion/choice-of-entity-from-an-asset-protection-point-of-view

Don’t underestimate the power of your network. Original Article Posted at : https://www.accountingtoday.com/opinion/metcalfes-law-for-cpas

This notice and the expected regulations to follow could add to the movement to repeal or modify the cap. Original Article Posted at : https://www.accountingtoday.com/opinion/tax-strategy-notice-2020-75-and-the-salt-deduction-cap

The pandemic has shifted even more continuing education online. Original Article Posted at : https://www.accountingtoday.com/news/the-future-of-tax-cpe