The 2021 Q1 AICPA Economic Outlook Survey found that while the vast majority of accounting businesses plan no reduction in their office space over the next year, a growing number said they would reduce their space by at least 10 percent as a result of the pandemic.
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March 26, 2021
Upcoming Events March 26, 2021
Daily Briefing
More accounting firms embrace office space reduction: AICPA survey
By Sean McCabe      2 min read
The 2021 Q1 AICPA Economic Outlook Survey found that while the vast majority of accounting businesses plan no reduction in their office space over the next year, a growing number said they would reduce their space by at least 10 percent as a result of the pandemic.
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Tax Strategy: Inside the American Rescue Plan
By Mark A. Luscombe
Many of the temporary tax provisions are expected to be included in President Biden’s next piece of tax legislation later in 2021.
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Social Security sends beneficiary info to IRS for stimulus payments
By Michael Cohn      3 min read
The Social Security Administration transmitted the necessary information to the IRS so it can begin sending Economic Impact Payments to nearly 30 million beneficiaries after an ultimatum from Congress.
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SEC moves to force access to audits of foreign companies
By Ben Bain      2 min read
The commission is starting to implement a tough law passed at the end of the Trump administration, aimed largely at Chinese stocks.
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Senate approves two more months of PPP, with $79B left
By Laura Davison      2 min read
The U.S. Senate approved a two-month extension of a popular U.S. small-business relief program that still has about $79 billion left to distribute, giving companies until the end of May to apply for the forgivable loans.
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Tax Fraud Blotter: Bad bets
By Jeff Stimpson      5 min read
Home boys; going off payroll; building a case; and other highlights of recent tax cases.
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Watchdog warns of refund delays amid IRS backlog
By Laura Davison      2 min read
U.S. taxpayers face the risk of delayed tax refunds as the agency struggles to work down a backlog of returns from last year, according to a watchdog report.
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Accountants should start with value, not price
By Marc Howard      3 min read
Your clients don’t care how much you need to earn to keep your business afloat; they care how much value they’re receiving.
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Treasury has sent $325B in stimulus payments
By Laura Davison      1 min read
The government has so far sent about 127 million stimulus payments to individuals and households.
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Sanders proposes bigger tax hikes than White House
By Laura Davison      2 min read
The Senate Budget Committee chairman wants to raise the corporate tax rate to 35 percent.
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