If employees are a company’s greatest assets, then children are a person’s greatest treasure.
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April 29, 2021
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How advisors can help families start smart with the expanded Child Tax Credit
By Iralma Pozo      4 min read
If employees are a company’s greatest assets, then children are a person’s greatest treasure.
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Biden $400K tax-hike threshold may hit couples at that level
By Josh Wingrove     1 min read
President Joe Biden’s proposal to boost the top U.S. income-tax rate won’t affect individuals or joint-filing couples with incomes below $400,000 — but could impact couples who together exceed that threshold even if their individual salaries do not.
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Biden offers a can-do unity vision with rich paying ‘fair share’ of taxes
By Justin Sink and Alex Wayne     6 min read
The president declared the U.S. has turned the corner on a pandemic that’s killed more than half a million Americans.
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Biden dares Democrats to shift tax burden to wealthy Americans
By Justin Sink     6 min read
The president called for higher taxes on the rich to fund a massive investment in the nation’s social safety net.
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Biden unveils massive family aid plan
By Nancy Cook and Justin Sink     5 min read
The sweeping $1.8 trillion plan would be funded in part by the largest tax increases on wealthy Americans in decades.
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What’s in Biden's $1.8T spending plan
By Laura Davison     5 min read
The 10-year plan would ramp up federal support for American families, with a major expansion in spending on child care, paid leave and education.
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Biden disappoints SALT Democrats
By Laura Davison and Kaustuv Basu     3 min read
The president’s decision threatens to complicate congressional negotiations over his sweeping new social-spending program.
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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.
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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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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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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.
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Accounting Today Advances in Tech Demo Day →
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