Senate and House Republicans introduced legislation that would give businesses refundable tax credits against payroll taxes to meet some of the expenses associated with reopening during the novel coronavirus pandemic. | What is the "new normal" for engaging customers in the wake of COVID-19? | COVID-19 has disrupted the way customers interact with businesses, forcing companies to find new ways to best serve their needs. When you complete our confidential survey to help us understand the extent of the expected disruption in your customer interactions during the pandemic — and how your business is responding — we will donate to Direct Relief. | |
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| | Biden’s $775B plan paid for with real estate taxes | By Tyler Pager 2 min read | Joe Biden on Tuesday unveiled a plan to bolster childcare and care for the elderly that would be financed by taxes on real-estate investors, as well as increased tax compliance by high-income earners. | |
New York sees push to tax stock trades | By Martin Z. Braun 2 min read | Democrats in New York, the world’s financial capital, may finally have the right moment to resurrect the state tax on stock trades. | |
New York State accuses tax prep companies of hiding free software | By Michael Cohn 4 min read | New York State’s Department of Financial Services issued a report saying five tax prep software companies have been making it difficult for taxpayers to access the free versions of their tax preparation software, even though they belong to the Free File Alliance. | | White House says stimulus bill ‘must’ include payroll tax cut | By Josh Wingrove, Erik Wasson and Laura Davison 3 min read | The White House is signaling to Congress that President Donald Trump could reject a new coronavirus aid bill if it doesn’t include a payroll tax cut, adding a new complication to already contentious negotiations between Republicans and Democrats on the next round of stimulus. | | WEB SEMINAR | The tools of CAS | An online accounting program is usually the core of a modern Client Accounting Services practice — but it’s not the only tool accountants are bringing to bear, and this session will dive into the broad ecosystem of applications they can leverage. | |
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