High Quality Work…Great Customer Service.
The IRS is expanding information and assistance available to taxpayers in additional languages, including providing the 1040 in Spanish for the first time. In addition to being available in English and Spanish, the 2020 Form 1040 will also give taxpayers the opportunity to indicate whether they wish to be contacted in a language other than […]
The Internal Revenue Service plans to mail out letters later this month to an estimated 9 million non-filers, encouraging them to claim their economic impact payments by an Oct. 15 deadline. The letters will be going out to Americans who typically don’t file federal income tax returns, but who may be eligible for stimulus payments […]
Ernst Young reported Thursday that its global revenues grew 4.1 percent in local currency terms to a record level of $37.2 billion in the fiscal year ending June 30, 2020, despite the impact of the novel coronavirus pandemic. All EY service lines saw growth in fiscal year 2020. The assurance practice grew 3.1 percent, the […]
The Internal Revenue Service added six more forms to the 10 that can be signed digitally by taxpayers and tax professionals as the COVID-19 pandemic continues to make it difficult for tax practitioners and their clients to meet in the same room. Last month, the IRS announced it would temporarily allow the use of digital […]
Democratic presidential nominee Joe Biden is proposing a 10 percent tax penalty on companies that move operations overseas and a 10 percent tax credit for companies that create jobs in the U.S. in a policy rollout Wednesday. Biden, who is launching a renewed focus on economic issues with a speech in Michigan on Wednesday, also […]
The Trust Fund Recovery Penalty is often described as one of the largest penalties in the Tax Code. It applies to employers that fail to withhold federal income, Social Security or railroad retirement, and Medicare taxes from their employees’ wages or salaries. These withheld taxes belong to the employees, and are held in trust by […]
Senate leaders will be trying to hold their parties together for a vote Thursday to advance a slimmed-down stimulus bill that Democrats have already rejected, with both sides jockeying for advantage in public perceptions two months before the election. A far bigger task looms for Republican Majority Leader Mitch McConnell, who crafted a White House-backed […]
The American Institute of CPAs has announced the recipients of the 2020 George Willie Ethnically Diverse Student Scholarship and Internship Program. The annual program provides scholarships and internships to five ethnic minority accounting students who are pursuing the CPA license. The AICPA’s scholarship provides up to $20,000 to each student to assist with their final […]
The Public Company Accounting Oversight Board updated its research and standard-setting agendas Tuesday, adding auditor independence to the standard-setting agenda and adding a project on audit evidence to its research agenda. Changes contemplated in the auditor independence standard would make targeted amendments to existing PCAOB independence rules to conform them to changes the Securities and […]
Powered by WordPress. AwesomeOne theme by Flythemes