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Month: January 2021

Tax planning amid political uncertainty

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January 2, 2021
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| Tax News And Info

Given the size and number of tax changes proposed by the Biden administration, it’s no wonder advisors face challenges in helping clients prepare for the year ahead. The Georgia special election that is a few days away will be pivotal in determining if Biden’s administration is able to pass its proposed tax plan. Potential outcomes […]

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Posted in Tax News And Info Tagged irs, tax news

Guiding clients through PPP loan forgiveness

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January 2, 2021
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The COVID-19 pandemic has upended lives across the country as officials struggle to curb its spread. As cities and states have put restrictions in place to slow infections, businesses of all kinds have felt the financial squeeze. Certified public accountants have helped guide their clients through this troubling time as they try to navigate the […]

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Posted in Tax News And Info Tagged irs, tax news

Taxpayers defaulted on over half of payment arrangements with private debt collectors

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January 1, 2021
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| Tax News And Info

Private collection agencies that have contracted with the Internal Revenue Service to collect overdue tax debts have collected nearly $500 million since 2017, according to a new report, but that’s just a fraction of the over $30 billion owed. The report, from the Treasury Inspector General for Tax Administration, found that as of May 14, […]

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Posted in Tax News And Info Tagged irs, tax news

RSM acquires MondayCall

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January 1, 2021
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| Tax News And Info

RSM US LLP has bolstered its Salesforce consulting practice by acquiring substantially all of the assets of MondayCall, a San Francisco-based consultancy that specializes in the cloud-based customer relationship management system. Earlier this month, the two firms announced they had signed an agreement for RSM to acquire MondayCall’s assets, and the deal was expected to […]

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Posted in Tax News And Info Tagged irs, tax news

IESBA releases report on recent accomplishments

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January 1, 2021
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| Tax News And Info

The International Ethics Standards Board for Accountants released a report on its accomplishments over the past four years on setting ethical standards around the world. The report, released Wednesday, includes an update on the IESBA’s current projects and initiatives, along with the board’s efforts to promote awareness, adoption and implementation of IESBA’s International Code of […]

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Posted in Tax News And Info Tagged irs, tax news
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