| The Internal Revenue Service is girding for the official start of tax season Friday as taxpayers and preparers deal with tax breaks related to COVID-19 and questions about stimulus payments. | | | Surveillance capitalism and the new economic order | | Join us live in the Leaders forum on Friday, February 12 at 3:00PM EST for an exclusive event with Mark Weinstein, founder & CEO of the rapidly expanding high integrity social network, MeWe. Sign up today. | |
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| SBA works to fix PPP loan bottlenecks → | | By Michael Cohn 3 min read | | The U.S. Small Business Administration is taking steps to remove some of the hangups in the Paycheck Protection Program after complaints from the American Institute of CPAs and others. | |
| SALT-cap repeal unlikely to be added to COVID-19 relief bill → | | By Laura Davison 2 min read | | Hopes among millions of upper-income and middle-class taxpayers for a repeal of the Trump administration’s limits on their federal deductions will likely be on hold for now, as an effort to include the measure in the COVID-19 aid package is poised to fail. | |
| Polish media-tax plan sparks protest and U.S., EU criticism → | | By Marek Strzelecki 2 min read | | With blacked out or blank television screens, front pages and web portals, Poland’s private media companies protested against plans to implement a new advertising tax they say is a disguised government attempt to muffle criticism. | |
| Nonprofits, businesses receiving PPP could face surprise audits → | | By Michael Cohn 6 min read | | Nonprofit and for-profit organizations that received Paycheck Protection Program loans could unexpectedly find themselves confronting the “single audit” requirement for the first time, even though PPP loans are supposedly exempt. | |
| WEB SEMINAR | | Secrets of the top 100 firms | | Accounting Today’s Top 100 Firms and Regional Leaders present a host of information on the profession’s most successful practices, and this session will dig deep into that data to share some of the secrets behind their achievements, including trends in service offerings, staffing and more; their growth strategies; their biggest concerns; new approaches to M&A; and more. Learn More → | |
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