High Quality Work…Great Customer Service.
The IRS has unveiled its topics and days for this summer’s online slate of Nationwide Tax Forums. Tax pros can attend up to 30 of the one-hour, live-streamed webinars, which will begin July 21 and continue through Aug. 20. Webinars will be on Tuesdays, Wednesdays and Thursdays. The webinars will be held from 11 a.m. […]
Ernst Young and its business tax clients at companies across the U.S. and other countries have faced a series of challenges amid the coronavirus pandemic, including new tax legislation like the CARES Act, just as they were starting to grow more familiar with the Tax Cuts and Jobs Act of 2017 and all of its […]
The life settlement market evolved in the late 1980s with the AIDS outbreak, when terminally ill individuals were liquidating assets to generate cash. Given the sellers’ shortened life expectancy, investors were purchasing their life insurance policies for an amount in excess of the policy’s cash value and expecting a return from payment of the death […]
The American Institute of CPAs has named Joseph Rugger, accounting director and profit consultant at Tooth Coin in Little Rock, Arkansas, the recipient of the 2020 AICPA Outstanding Young CPA Award. The award is in honor of Maximo Mukelabai, recognizing his contributions to the profession and leadership of other young CPAs. It was presented to […]
BDO USA, a Chicago-based Top 10 Firm, has added Piercy Bowler Taylor Kern, CPAs, a firm based in Las Vegas, expanding BDO’s presence in Nevada and Utah. The deal will add nine partners and approximately 60 professionals from PBTK to BDO and is expected to close on July 1. Financial terms were not disclosed. BDO […]
The lender portal for the Federal Reserve’s Main Street Lending Program has opened as the long-awaited alternative to the problem-plagued Paycheck Protection Program after weeks of delays. Unlike the PPP, which was created as part of the CARES Act to deliver forgivable loans to small businesses through the U.S. Small Business Administration as long as […]
The Internal Revenue Service told nursing homes and other care facilities Tuesday that they shouldn’t be seizing their residents’ economic impact payments. The warning comes amid reports that some facilities have been taking the payments and claiming they belong to the nursing home and not the patient, especially if they are receiving Medicaid. The IRS […]
Reopening and depreciation; cutting your AR; butts in seats; and other highlights from our favorite tax bloggers. Phases on stun Summing It Up (http://blog.freedmaxick.com/summing-it-up): In the second of a four-part series, a look at practical challenges faced by employers as the reopening process continues in Western New York. In Phase Two, what have employers learned […]
The Internal Revenue Service should make more of a priority of going after tax preparers who haven’t filed their own tax returns or paid their tax liabilities and penalties, according to a new report. The report, released Monday by the Treasury Inspector General for Tax Administration, noted that as of November 2018, the IRS’s Return […]
The Internal Revenue Service and the Treasury Department gave tax relief to businesses and investors who were engaged in New Markets Tax Credit transactions but couldn’t get them done in time due to the COVID-19 pandemic. The taxpayers receiving relief from guidance issued by the IRS and the Treasury last Friday are community development entities […]
Powered by WordPress. AwesomeOne theme by Flythemes