Accounting Archives - Page 91 of 362

COVID-19 Relief Package FAQ

Leadership in the U.S. House and Senate came to an agreement in December over the details of a $900 billion COVID-19 relief bill, (Consolidated Appropriations Act, 2021) to be attached to a broader $1.4 trillion omnibus which will fund the federal government for the 2021 fiscal year. The COVID-19 relief bill extends and modifies several provisions first enacted in…

Clarity at last: Stimulus package allows PPP deduction

The provision could amount to $120 billion in write-offs. Original Article Posted at : https://www.accountingtoday.com/articles/clarity-at-last-stimulus-package-allows-ppp-deduction

A dive into the stimulus package’s tax provisions

A critical PPP deduction, tax extenders, business meal deductions and more are among the critical points. Original Article Posted at : https://www.accountingtoday.com/news/a-dive-into-the-stimulus-packages-tax-provisions

In the blogs: Re-relief

Size of this rescue; next season’s wrinkles; new blog on board; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-re-relief

The TurboTax Unemployment Center is open

The web portal is aimed at helping the recently unemployed navigate the tax and benefits implications related to unemployment. Original Article Posted at : https://www.accountingtoday.com/news/the-turbotax-unemployment-center-is-open

Bookkeepers are embracing the role of trusted advisor

A recent survey shows that many bookkeepers have begun offering strategic advice this year — some without even realizing it. Original Article Posted at : https://www.accountingtoday.com/opinion/bookkeepers-embrace-role-of-trusted-advisor

CLA names next CEO

Jen Leary will succeed Denny Schleper on Jan. 1, 2021. Original Article Posted at : https://www.accountingtoday.com/news/cla-names-next-ceo

IRS sets standard mileage rates for 2021

Taxpayers still have the option to calculate the actual costs of using their vehicle. Original Article Posted at : https://www.accountingtoday.com/news/irs-sets-standard-mileage-rates-for-2021

Mogul’s dementia claim in tax case spurs U.S. to suspect fakery

Prosecutors call for ‘healthy skepticism’ regarding the suspect’s sudden decline. Original Article Posted at : https://www.accountingtoday.com/articles/moguls-dementia-claim-in-tax-case-spurs-u-s-to-suspect-fakery