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What do CPAs need to know about the new PPP? How is it different from the program that ran for five months before its loan application window closed in August? Continue Reading
The application window for the top-level .cpa domain will open Friday for licensed CPAs to apply for on an individual basis, the AICPA announced, allowing practitioners to build brand identity and security. Continue Reading
With the digital age, fourth industrial revolution, pandemic and remote virtual workplace, CPAs must hone in on strengths, mitigate weaknesses, and adapt to change, all while providing value-adding, forward thinking, real-time information. Continue Reading
IRS announced that Free File – online tax preparation products available at no charge – launched today. Taxpayers can claim credits like the Recovery Rebate Credit and other deductions. Continue Reading
The IRS announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns. Continue Reading
A majority of middle-market CFOs are predicting an economic recovery and revenue increases for their companies in 2021, according to a new survey. Continue Reading
Economists are increasing optimistic on the outlook in large part because household incomes are up, and consumer spending has largely followed. Continue Reading
Taxpayers who paid too little tax during 2020 can still avoid a tax-time bill and possible penalties by making a quarterly estimated tax payment now, directly to the Internal Revenue Service. The deadline for making a payment for the fourth quarter of 2020 is Friday, Jan. 15, 2021. Continue Reading
The IRS today reminded businesses and other payors that the revised Form 1099-MISC, Miscellaneous Income, and the new Form 1099-NEC, Nonemployee Compensation, must be furnished to most recipients by Feb. 1, 2021. Continue Reading
New legislation makes it possible for some clients to take advantage of both Paycheck Protection Program loans and the Employee Retention Credit. Find out how you can guide them through this planning opportunity. Continue Reading