The Internal Revenue Service is increasing the inflation-adjusted amounts of the Child Tax Credit and Earned Income Tax Credit for this year in accordance with the latest coronavirus relief package.
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April 28, 2021
Upcoming Events April 28, 2021
Daily Briefing
IRS ups tax credit amounts for inflation after American Rescue Plan
By Michael Cohn      2 min read
The Internal Revenue Service is increasing the inflation-adjusted amounts of the Child Tax Credit and Earned Income Tax Credit for this year in accordance with the latest coronavirus relief package.
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House Democrats propose child care tax credit expansion
By Michael Cohn      3 min read
Democrats introduced a bill Tuesday to provide tax credits for child care, along with universal paid family and medical leave and permanent extensions of child and family tax credits.
Read More
Tax Strategy: The Made in America Tax Plan
By Mark A. Luscombe      5 min read
An inside look at the Biden's administration's proposals for paying for its infrastructure plans.
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Enforcement levels stayed high at SEC in 2020, but dropped at PCAOB
By Michael Cohn      4 min read
While activity at both regulators declined early in the COVID-19 pandemic, it only recovered at the commission.
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Stripe acquires TaxJar to help internet biz with tax compliance
By Ranica Arrowsmith      2 min read
The global payments platform provider has acquired TaxJar, which makes sales tax software for internet-based businesses.
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With Florida law, almost all states require online sales tax collection
By Roger Russell      3 min read
The passage of the nexus legislation in the Sunshine State leaves Missouri as the only holdout.
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Bridging the ESG reporting gap to meet the Paris climate agreement
By Madelyn Antoncic      4 min read
A group organized by the United Nations has already come up with a global framework of sustainability standards.
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Botkeeper partners with Xero
By Ranica Arrowsmith      1 min read
Xero client data can now be fed into Botkeeper's bookkeeping platform for reconciliation.
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Class of 2021 largely without first jobs lined up, report finds
By Sean McCabe      3 min read
Staffing agency LaSalle Network found that 88 percent of soon-to-be college graduates had no first job ready post-graduation — the highest such figure over the last five years.
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In the blogs: Season’s greetings
By Jeff Stimpson      3 min read
Planning for increases; this year’s bumps; better notes in meetings; and other highlights from our favorite tax bloggers.
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RESOURCES
WEB SEMINAR
Evaluating tax prep in the cloud – Best practices and lessons learned during the 2021 tax season
During this most unusual 2021 tax season, tax and accounting professionals are once again navigating new challenges amidst a global pandemic.
Learn More
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Rethinking audience engagement in accounting →
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Accounting Today Advances in Tech Demo Day →
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