The AICPA believes taxpayers will be able to avoid penalties if they write “COVID-19” at the top of their return.
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September 19, 2020
Upcoming Events September 19, 2020
Penalty relief may be available to those who miss Sept. 15 deadline due to COVID-19
By Michael Cohn      4 min read
The AICPA believes taxpayers will be able to avoid penalties if they write “COVID-19” at the top of their return.
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QuickBooks Desktop 2021 updates respond to new COVID realities
By Ranica Arrowsmith     3 min read
There has been a rise in customer requests for help with finding remote hosting solutions.
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IRS set to begin rolling out new case management system
By Michael Cohn     7 min read
The Internal Revenue Service is starting with the customer support area of its Exempt Organizations unit.
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Wolters Kluwer buys XCM Solutions
By Ranica Arrowsmith     2 min read
The acquisition offers integration opportunities with CCH Axcess, Wolters Kluwer’s cloud-based software suite for professional firms.
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Working from home may create home office, nexus issues
By Roger Russell     3 min read
Mandated by the COVID-19 pandemic, remote work can also bring serious tax consequences.
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Deloitte fined £15M in U.K. for Autonomy audits
By Michael Cohn     3 min read
The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners for their audits of the software company Autonomy prior to its acquisition by HP and levied a record penalty.
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Deloitte sees global revenue grow 5.5% to $47.6B despite coronavirus
By Michael Cohn     4 min read
Large firms have been reporting revenue increases amid the pandemic.
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The tax season that never ends
By Daniel Hood
It's been a most unusual year for tax pros, and National Conference of CPA Practitioners president Neil Fishman dives into the major issues — and what's to come.
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IRS adds marijuana industry page to website
By Michael Cohn     2 min read
The site informs cannabis business owners about their tax responsibilities.
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BDO USA sees revenue rise 11.3% to $1.8B despite pandemic
By Michael Cohn     6 min read
The biggest increase came in the advisory practice, where revenue rose 29.4 percent, followed by tax at 8.8 percent and assurance by 6.0 percent.
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RESOURCES
WEB SEMINAR
Lease accounting – ASC 842: What private companies can learn from public companies
Most public companies significantly underestimated the complexity associated with implementing the ASC 842 lease accounting standard.
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How to prepare your business for a potential sales tax audit →
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The beginners’ guide to sales tax compliance →
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