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Taxpayers who meet the requirements for investing in an opportunity zone can potentially take advantage of increased depreciation deductions through cost segregation, further decreasing their tax liability. Original Article Posted at : https://www.accountingtoday.com/opinion/opportunity-zones-and-cost-segregation
Read MoreThe coronavirus pandemic has turned life upside down for all of us. But here’s a crazy twist you might not have expected: Instead of you sending money to your car insurance company, the insurer might return some cash to you soon. It’s not the usual blah, blah, blah. Click here to sign up for our…
Read MoreSince we’re all cooped up at home — some of us now unemployed and all of us looking at a slow economy and spreading disease — it makes sense to be finding ways to cut down expenses and improve our chances to stay healthy. Cost cutting falls into two categories: Things you could ditch entirely,…
Read MoreI had spent the morning in the operating room, holding open the mouth of a young man while the resident physician attempted to stabilize the fractures in his jaw bone and lace wires between his upper and lower gums, much the way one would thread a shoelace between the sides of a sneaker. Peering into…
Read MoreThe question, “Does my state tax Social Security benefits?” may be simple enough, but the answer includes a lot of nuance. Many states have unique and specific provisions regarding the taxation of Social Security benefits, which can be broken into a few broad categories. That’s what we do with this week’s map. Twenty-six states and…
Read MoreThe coronavirus crisis demands urgent solutions but also careful consideration. How can governments best deliver immediate relief while ensuring that tax policies remain simple, transparent, neutral, and stable? What tax changes have different levels of government already enacted to address the crises and what can they learn from each other? What could the next phase of relief look like and…
Read MoreSmall businesses are a vital part of our economy. They are ubiquitous and take on numerous forms, including traditional brick and mortar spaces, kiosks, and online enterprises. They enhance our most basic capitalist principles, such as innovation, entrepreneurship, and competition. Many small business owners give of their hearts and souls, viewing their employees and customers…
Read MoreNow is the time for CPAs to show up as a trusted advisor with good judgment, steady energy and a great, empathetic connection with their clients. Original Article Posted at : https://www.accountingtoday.com/opinion/how-to-lead-in-the-age-of-coronavirus
Read MoreSilent pandemic risk as akin to silent cyber. It’s an exposure that is potentially secreted deep inside numerous lines of insurance and reinsurance business, with claims governed by contractual fineries and wordings. As a result it’s an exposure that is hard to quantify, but that may require hedging. At a time when interest in pandemic…
Read MoreChina’s second accounting scandal in less than a week is underscoring concern over lax corporate governance at some of the country’s fastest-growing companies. Original Article Posted at : https://www.accountingtoday.com/articles/two-accounting-scandals-in-china-in-one-week-burn-investors
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