The living room is the new conference room, and it could lead us down a sticky path when it comes to taxes.
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Best of the Week
August 8, 2020
Upcoming Events August 8, 2020
The work-from-home tax crisis we have to see coming
By Shaun Hunley      4 min read
The living room is the new conference room, and it could lead us down a sticky path when it comes to taxes.
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PPP expense deductibility from year to year
By Roger Russell     3 min read
Granting and forgiving loans in different years can create problems.
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Election 2020: Trump vs. Biden on tax policy
Top 10 Firm Crowe has put together an at-a-glance guide to the candidates' positions on individual taxes.
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Expiration of enhanced unemployment threatens taxpayers
By Michael Cohn     6 min read
Several unemployed workers described the difficulties they are facing to senators as congressional leaders continue negotiations.
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The 2020 Managing Partner Elite
By Daniel Hood, Danielle Lee
The ninth edition of Accounting Today's annual report highlights 10 outstanding accounting firm leaders.
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AICPA joins in urging tax deductions for expenses paid with forgiven PPP loans
By Michael Cohn     5 min read
The American Institute of CPAs joined with more than 170 organizations in asking congressional leaders to allow businesses to write off expenses associated with loan forgiveness under the Paycheck Protection Program.
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SPONSOR CONTENT
Adjusting Allowances for COVID-19
Incorporate a quantitative adjustment into your allowance framework under COVID-19
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The hidden tax implications of COVID-19 surcharges
By John Hayashi     4 min read
In today’s COVID-19 world where nothing seems normal, and “new normals” are popping up in every business operation, service businesses are trying to make up for lost income and rising expenses in creative ways that will lessen the financial impact of COVID-19.
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COSO offers guidance on blockchain and internal control
By Michael Cohn     2 min read
The Committee of Sponsoring Organizations of the Treadway Commission has released a new paper offering its views on how blockchain technology can be used with an organization’s internal controls over financial reporting.
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Art of Accounting: More advice for new accountants
By Edward Mendlowitz     4 min read
It doesn’t matter so much how smart you are or how well you did in school; the firm still needs to train you and get a feeling for your ability.
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IRS processing more $500 child stimulus payments after criticism
By Laura Davison     2 min read
The Internal Revenue Service is sending $500 payments to the children of some stimulus relief recipients who hadn’t gotten that part of the aid package after lawmakers complained that the agency wasn’t moving fast enough.
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Implementing a cloud-based digital tax workflow in time for 2021
Join this 60 minute CPE accredited panel discussion and gain insights into what it takes to successfully implement a cloud-based Digital Tax Workflow in time for 2021. We’ll also cover the many advantages of doing so with many shelter-in-place protocols still in effect due to COVID-19.
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