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The 2021 Estimated Tax Dilemma: What Tax-Return Pros Are Doing And Telling Clients

(Forbes) - When the IRS extended the tax-return deadline to May 17, it kept the usual April 15 due date for the first estimated tax payment. This is awkward for the many people planning to base 2021 estimated taxes on 2020 income reported in tax returns. I spoke with tax pros to get their advice.


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Lesson From The Tax Court: The Incoherence Of §6751(b) (Supervisory Approval) 
(TaxProf Blog) - Two recent Tax Court cases show us that while the supervisory approval requirement does apply to a tax penalty mechanically applied by a human employee it does not apply to the same penalty mechanically applied by a computer.

6 Simple Ways to Cross Stubborn Items Off Your To-Do List 
(PC Mag) - How long have you been avoiding that one pesky chore? Here are some easy ways to trick yourself into getting it off your task list.

Simple Math Is About to Cause an Inflation Problem 
(Bloomberg) - No economic question is being debated more hotly right now than whether the U.S. will see a sharp rise in inflation. But the answer for the next few months is simple: Yes. Due to the way the government’s inflation metrics are calculated, what will appear to be significant price increases are all but guaranteed.

How’s the Gig Economy Faring 
(Kiplinger) - As with so many things, the pandemic has had a big effect on side hustles and contract work. We talk with an expert in the field on finding a good gig. Also, there’s a lot noise about inflation these days.

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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