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Verady, which makes the Ledgible cryptocurrency tax and accounting platform, has releases Ledgible Tax Pro, which has extra features beyond the standard platform. Legible Tax Pro is designed for tax professionals with clients who have investments in cryptocurrency. The IRS has this year put the declaration of virtual currency question on page 1 of the […]
Two firms establish a new one in Arkansas, CCG grows in Southwest Florida, and more combinations from across the country.
The worst fiscal crisis in decades is pitting U.S. states against one another over billions in taxes from residents working from home. New Jersey and Connecticut on Tuesday joined a legal battle to stop neighboring states from taxing residents who — due to the pandemic — have stopped commuting over state lines and are now […]
The new round of $600 payments may be one of the highlights of the $900 billion stimulus package created by Congress on Monday, and currently awaiting President Trump’s signature, but it also includes a host of tax provisions that accountants and tax professionals should be aware of. Among the more critical provisions, according to Mark […]
Small-business owners who got Paycheck Protection Program loans could qualify for big write-offs from their rescue money, amounting to what Treasury Secretary Steven Mnuchin has called a tax-break “double dip.” The COVID-19 relief package set for a vote in Congress would clarify that business owners can deduct expenses paid for with PPP loans, which can […]
The latest round of coronavirus stimulus legislation introduced in Congress on Monday includes some major tax provisions and changes for accountants to watch out for in the New Year. For example, the package broadens the eligibility for the stimulus payments. Under the CARES Act, joint returns of couples where only one member of the couple […]
Tucked in among more than 5,000 pages of legislative text, the congressional bill providing COVID-19 relief and 2021 government funding includes dozens of tax breaks for beneficiaries ranging from downtown restaurants and the film industry to motor-sports racetracks. And many of the benefits will stick around long after the pandemic is over. Besides granting temporary […]
Attorney General William Barr said he sees no reason to appoint a special counsel to oversee an investigation of President-elect Joe Biden’s son, Hunter Biden, a statement sure to frustrate President Donald Trump and his closest advisers. Barr said Monday that a probe into the younger Biden, believed to be linked to tax-related issues over […]
Eight months after they got a $56,000 forgivable loan from the federal government, Lauren and Ben Reese lie awake nights talking about whether they’d do it again. Don’t get them wrong. Like most small-business owners who took part in the $523 billion Paycheck Protection Program, the Reeses are grateful. In March, business dropped 30 percent […]
Katz, Sapper Miller adds eight directors; Herbein + Co. promotes 18; and more CPA news.
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