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In hockey, it’s the equivalent of moving the red line. Two years ago, the Pittsburgh Penguins, along with Pennsylvania officials and a union leader, lobbied Donald Trump’s administration to expand an area earmarked for tax incentives so it would include the site where the hockey team is embarking on a $1 billion development project. The […]
Delaying filing; inbox anxiety; a new voice; and other highlights from our favorite tax bloggers. Fun times ahead Tax Vox (https://www.taxpolicycenter.org/): Opponents of additional federal aid to state and local governments have noted that overall state revenue declines have not been as bad as expected during the pandemic, thus the need for assistance has lessened. […]
More and more accountants are recommending their homeowner clients consider solar panels. Here’s why. When solar panels are installed on rooftops, the sun beats down on them, producing electricity that can potentially help homeowners save money on monthly electric bills and reduce their carbon footprint. This solar-generated power is used in the home first, and […]
All professions have been exposed to weaknesses and opportunities during the pandemic. Accounting was not alone, as medicine, law, banking and even the clergy were forced to change and innovate. One only has to look at the advancement of telemedicine, live-streaming church services, virtual court appearances, and a significant portion of the workforce that has […]
The California Society of CPAs announced that Richard Simitian will serve as interim CEO starting March 1. The society’s Transition Committee recommended Simitian, a retired audit partner at Grant Thornton and past chair of the CalCPA, to fill in for departing CEO Anthony Pugliese (see our story) after interviewing a number of internal and external […]
Intuit has acquired OneSaas, a provider of e-commerce data integration software, and plans to accelerate the integration of third party e-comm solutions with its QuickBooks platform. QuickBooks Commerce is a new product that allows small businesses to manage channel sales. E-commerce capabilities have come to the forefront over the past year as the COVID-19 pandemic […]
Donald Trump, who managed to keep his tax returns a secret the entire time he was in the White House, is about to see them fall into the hands of a New York prosecutor looking into possible criminal charges against him. Manhattan District Attorney Cyrus Vance Jr. subpoenaed Trump’s accounting firm for eight years of […]
Though you might be as tired of hearing the buzzword “automation” as you are of “pandemic,” another percolating phrase that has bubbled up this past year is the “highly automated firm.” But what does it mean to be one, and more importantly, how does it add value to your clients? Pre-2020, the massive push toward […]
The next phase of President Joe Biden’s legislative agenda is fast taking shape, with an economic-recovery package that will potentially far surpass his $1.9 trillion virus-relief plan in size, complexity and overall ambition. The White House and congressional Democrats are busy plotting strategy for the proposal, which could be unveiled next month, kicking off a […]
The Biden administration will give exclusive access to the Paycheck Protection Program to the nation’s smallest businesses for two weeks as part of a broader effort to steer federal aid to the most vulnerable parts of the economy. From Feb. 24 through March 9, only businesses with fewer than 20 employees will be able to […]
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