Accounting
Pandemic Highlights the Need for Better Tax Policy for Entrepreneurs and Small Businesses
As Congress works to provide another round of emergency relief for individuals and businesses impacted by the pandemic and pass a bill funding the government for FY 2021, it is a good time to step back and consider how tax policy affects entrepreneurs and small businesses. In addition to short- and long-term tax policy issues,…
Read MoreBusinesses get $100B tax write-off windfall in aid bill
Small business owners who got Paycheck Protection Program loans could qualify for big write-offs from their rescue money, amounting to what Treasury Secretary Steven Mnuchin has called a tax-break “double dip.” Original Article Posted at : https://www.accountingtoday.com/articles/businesses-get-100b-tax-write-off-windfall-in-aid-bill
Read MoreYour clients’ annual tax check-in shouldn’t be just once a year
The holiday season reminds us to savor time with family and friends, because with the new year, the tax season jumpstarts. Original Article Posted at : https://www.accountingtoday.com/opinion/your-clients-annual-tax-check-in-shouldnt-be-just-once-a-year
Read MoreThe Pandemic Relief Bill’s Good, Bad, and Ugly Tax Provisions
The pandemic relief bill Congress is about to pass [HG1] is loaded with tax provisions. Some deliver important assistance to households and businesses damaged by…
Read MoreFASB proposes goodwill accounting alternative for private companies and nonprofits
The change would make it easier for private companies and nonprofit organizations to evaluate a goodwill triggering event. Original Article Posted at : https://www.accountingtoday.com/news/fasb-proposes-goodwill-accounting-alternative-for-private-companies-and-nonprofits
Read MoreArt of Accounting: 2021 practice management calendar
Here is a monthly calendar for running your practice and marketing to clients. Original Article Posted at : https://www.accountingtoday.com/opinion/art-of-accounting-2021-practice-management-calendar
Read MoreFormer MACPA chair Mehta to chair AICPA
Anoop Natwar Mehta, who chaired the Maryland Association of CPAs from 2012-2013, has been nominated to chair the American Institute of CPAs for 2022-2023. Original Article Posted at : https://www.accountingtoday.com/news/former-macpa-chair-mehta-to-chair-aicpa
Read MoreTrump signs bill that could remove Chinese stocks from U.S.
President Donald Trump on Friday signed legislation that could kick Chinese companies off of U.S. exchanges unless American regulators can review their financial audits, a move likely to further escalate tensions between the two countries. Original Article Posted at : https://www.accountingtoday.com/articles/trump-signs-bill-that-could-remove-chinese-stocks-from-u-s
Read MoreCoronavirus relief bill includes direct payments, tax breaks, airlines aid
The House and Senate are set to vote Monday on $900 billion in pandemic relief aimed at boosting the U.S. economy into the early spring, combined with $1.4 trillion to fund regular government operations for the rest of the fiscal year. Original Article Posted at : https://www.accountingtoday.com/articles/coronavirus-relief-bill-includes-direct-payments-tax-breaks-airlines-aid
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