Accounting & Taxes
Tax pros face complex planning questions from pandemic
Tax professionals are starting to hear questions from their clients ahead of the official start of tax season about a variety of issues related to COVID-19.
Categories: Accounting & Taxes
Forms 2848 and 8821 are now online
Tax pros can now submit powers of attorney and tax information authorizations electronically.
Categories: Accounting & Taxes
In the blogs: And we’re off
Who can raise taxes?; clever marketing with a famous pic; anti-deferral legislation; and other highlights from our favorite tax bloggers.
Categories: Accounting & Taxes
Vertex acquires 'edge computing' startup
In its first acquisition since it went public last year, the tax technology company has bought Tellutax.
Categories: Accounting & Taxes
Truman State wins 'FanTAXtic' case study competition
Deloitte and its Deloitte Foundation announced that a student team from the Missouri university topped eight other schools in presenting an analysis of a detailed tax case.
Categories: Accounting & Taxes
Accountants see chances of swift recovery slipping away
Amid a resurgence in COVID-19, accountants around the world are less confident in the chances of the economy bouncing back soon.
Categories: Accounting & Taxes
Will change make or break your firm?
Three strategies can help your firm stay ahead of the game in 2021.
Categories: Accounting & Taxes
Yellen takes charge at Treasury with economic rebound weakening
Janet Yellen won confirmation to become U.S. Treasury secretary, building out President Joe Biden’s team as the administration struggles to win bipartisan support for a $1.9 trillion COVID-19 relief plan for shoring up a weakening economic recovery.
Categories: Accounting & Taxes
Diverse talent leaving accounting jobs due to 'lack of inclusion'
A panel of diversity experts in the accounting profession found there is still unequal representation at senior levels, ahead of a report co-written by the IMA and CalCPA.
Categories: Accounting & Taxes
TaxAct and TaxDome pair to create end-to-end tax management
TaxDome brings practice management, e-signature, secure file storage and more to TaxAct's tax prep software.
Categories: Accounting & Taxes
IRS offers option when PPP loan forgiveness is denied
Businesses who didn’t receive forgiveness on their Paycheck Protection Program loans can now claim a tax credit instead, thanks to a provision in last month’s coronavirus stimulus package.
Categories: Accounting & Taxes
Tax windfalls drive states to unlikely role in U.S. recovery
America’s governors aren’t waiting for Washington to stimulate their economies.
Categories: Accounting & Taxes
Supreme Court seeks Biden DOJ views on work-from-home taxes
New Hampshire is seeking to sue directly at the high court to challenge the Massachusetts practice of taxing nonresidents who used to work in the state but now do their jobs from home.
Categories: Accounting & Taxes
As Wirecard collapsed, key player fled by private jet to Belarus
A former senior executive at Wirecard AG escaped from Austria to Belarus on a private aircraft last year with the help of a secret-service agent and a far-right politician.
Categories: Accounting & Taxes
Art of Accounting: The future of the small accounting firm
AICPA CEO Barry Melancon gave an annual presentation for the Accountants Club of America that discussed accountants and small business clients.
Categories: Accounting & Taxes
EU-U.S. carbon tax proposed by German Greens to restore alliance
Europe and the U.S. should jointly adopt a carbon tax on imports as a means to promote low-emission production globally, according to the leaders of Germany’s Greens, the country’s No. 2 political force.
Categories: Accounting & Taxes
Rethinking your firm in 2021
With the pandemic shaking things up, now is a great time to reexamine your practice, and Amanda Aguillard of Elefant Training and Accounting Salon offers a guide to what the firm of the future can look like.
Categories: Accounting & Taxes
PwC dominates mutual fund audits
A new analysis by Audit Analytics reveals the Big Four firm leading among every type of fund.
Categories: Accounting & Taxes
Trump tax returns remain target of congressional Democrats
A lawyer for the U.S. House of Representatives signaled that congressional Democrats will move aggressively during the Biden administration to obtain former President Donald Trump’s tax returns, telling a judge “enough is enough.”
Categories: Accounting & Taxes
Dynamic FP&A: Guiding business clients to success in 2021
Set-it-and-forget-it budgeting and forecasting won’t work for corporate decision-making anymore.
Categories: Accounting & Taxes