The new rule for defining an employee vs. an independent contractor is likely to be challenged in the incoming Biden administration.
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Best of the Week
January 16, 2021
Upcoming Events January 16, 2021
Labor Department’s independent contractor rule may not stand for long
By Michael Cohn      6 min read
The new rule for defining an employee vs. an independent contractor is likely to be challenged in the incoming Biden administration.
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IRS to delay tax season until Feb. 12
By Michael Cohn     5 min read
The Internal Revenue Service plans to open filing season on Feb. 12, although it is making its Free File program available starting Friday.
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Picking the top tax breaks from the latest stimulus package
By Michael Cohn     4 min read
Last month's COVID-19 relief bill has accountants recommending some deductions to clients, and wondering about the applicability of others.
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Stimulus payments and tax returns: What tax pros need to know
By Shaun Hunley     3 min read
With the filing season upon us, a raft of brand new challenges await ahead of the April 15 deadline.
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SBA reopening PPP to lenders Friday
By Michael Cohn     4 min read
The U.S. Small Business Administration plans to reopen the Paycheck Protection Program to small lenders on Friday and to all lenders next Tuesday.
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IRS reports progress on Taxpayer First Act compliance
By Michael Cohn     4 min read
The Internal Revenue Service sent a set of recommendations to Congress for how it plans to carry out the far-reaching set of reforms.
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SBA and Treasury reopen Paycheck Protection Program
By Michael Cohn     3 min read
The U.S. Small Business Administration and the Treasury Department relaunched the Paycheck Protection Program on Monday to new borrowers, prioritizing loans from community lenders.
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Individual CPAs can apply for .cpa domains now
By Ranica Arrowsmith     1 min read
The use of a .cpa domain allows practitioners to strengthen their brand identity in online communications and provides better security and resistance to Internet fraud, such as phishing and spoofing.
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Refund delays, stimulus check errors foreshadow rough tax season
By Laura Davison and Allyson Versprille     3 min read
Tax-refund delays and stimulus-payment hiccups could spill into the upcoming tax season as the Internal Revenue Service continues to face challenges related to the coronavirus pandemic and as Congress considers yet another round of direct payments.
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IMA CEO sees 6 ‘megatrends’ for accountants this year
By Michael Cohn     4 min read
Institute of Management Accountants president and CEO Jeff Thomson is predicting six major developments in the finance and accounting profession this year.
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