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NCCPAP Endorses Tax Preparer Regulation

(Accounting Today) - “This legislation could not be timelier,” NCCPAP president Neil Fishman and Tax Policy Committee co-chairs Stephen Mankowski and Sanford Zinman write in their letter. "Currently, anyone can start a business claiming that they prepare income tax returns for individuals and businesses"



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Lesson From The Tax Court: You Get What You Pay For 
(TaxProf Blog) - Sometimes taxpayers best the IRS. Sometimes they win at the administrative stage and sometimes they have to go to court. In both situations, however, §7430 allows taxpayers to recover reasonable costs, including attorneys fees. Each stage must be analyzed separately.


IRS Offers Additional Relief for Building Rehabilitation Credit 
(CPA Practice Advisor) - Projects must satisfy the “substantial rehabilitation test” within a 24- or 60-month period for determining whether the rehabilitation work is sufficient to qualify a building for the rehabilitation credit.


SpaceX Successfully Returns NASA Astronauts to Earth 
(PC Mag) - Bob Behnken and Doug Hurley, aboard the 'Endeavour' Crew Dragon capsule, splashed down on Sunday in the Gulf of Mexico.


Law, CPA firms got more PPP loans than other sectors, Newsday analysis shows 
(Newsday) - Law offices, accounting firms and other similar professional offices received more than twice as many coronavirus-relief loans on Long Island as did hard-hit restaurants and hotels, according to a Newsday analysis of federal loan data.


My revenue grew 75% - heres how

Years ago, Steven Brewer, CPA saw the shifts taking place in accounting and decided to make changes in his firm to survive. They've grown their accounting revenue by 75% over the past 5 years – without adding more clients. Read his case study.




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