The Internal Revenue Service posted information about how to correctly compute the new exclusion on a portion of unemployment income as Congress pushes the IRS for further tax-filing relief. | IRS offers guidance on unemployment benefits exclusion → | | By Michael Cohn 5 min read | | The Internal Revenue Service posted information about how to correctly compute the new exclusion on a portion of unemployment income as Congress pushes the IRS for further tax-filing relief. | |
| SBA defers repayment of disaster loans until 2022 → | | By Michael Cohn 2 min read | | The Small Business Administration pushed back the deferment period for all its disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until next year. | |
| Inside the Top 100 Firms → | | By Daniel Hood | | The performance and experiences of the biggest practices in accounting in 2020 offer six lessons for the profession. | |
| Art of Accounting: The Ides of March → | | By Edward Mendlowitz 3 min read | | March 15 is a busy date. The S corporation and partnership returns are due then, so the K-1s can be distributed timely. | |
| Biden eyes first major tax hike since 1993 → | | By Nancy Cook and Laura Davison 5 min read | | President Joe Biden is looking at higher taxes to help pay for a long-term economic program designed as a follow-up to his pandemic-relief bill. | |
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