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The COVID-19 pandemic has acted as a significant catalyst for mental health care, with the crisis sparking concern for the emotional wellbeing of entire populations. Around the world, many people are trying to manage symptoms of stress and anxiety stemming from new ways of working, a fear of contracting the virus and unexpected financial challenges. […]
Accountants spend much of their time educating clients on why a particular approach was taken, and what the results actually mean. You may not have signed on as an educator, but it often comes with the job. It’s been a long time since I was in practice, but I still remember all of the times […]
Accounting firms thinking about their branding is nothing new. You’re used to articulating what differentiates your business, the values you stand for, and your unique selling proposition (USP). When you think about your brand, you usually do so in the context of customers, putting yourself in their shoes and asking what qualities they should associate […]
The Institute of Management Accountants reported record growth in 2020 despite the impact of the COVID-19 pandemic on the accounting profession. The IMA’s annual report for its fiscal year ended June 30, 2020 showed a record number of more than 144,000 global IMA members, representing a 3 percent year-over-year growth rate, and 17 percent year-over-year […]
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 […]
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