TAX PRO TODAY

The third pillar of credit and incentive projects: Investment

By Ben Worrell       3 min read

Economic development credits and incentives programs traditionally are applied to two areas: new investment and new jobs.  Read story →

Democrats look for tax options if they have to ditch rate hikes

By Laura Davison, Erik Wasson and Josh Wingrove       4 min read

After months of focusing on proposals to increase tax rates on income and capital gains, Democrats are exploring alternatives to fund President Joe Biden’s social spending expansion. Read story →

Democrats split on taxes, climate, college as deadline nears

By Laura Davison and Erik Wasson       4 min read

Congressional Democrats are at odds over both the tax and spending sides of a bill to enact the bulk of President Joe Biden’s economic agenda, even as party leaders aim to have an outline of a deal by the end of the week. Read story →

SALT cap still in play as Democrats slash spending plan

By Laura Davison and Erik Wasson       3 min read

The spending package could still include a measure to expand or temporarily remove the cap on the deduction on state and local taxes. Read story →

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ASC 842 and GASB 87 – Practical lease accounting examples

What are the biggest challenges of the latest lease accounting standards? Learn more →

Tax pros are uncertain about the future of research expenses

By Shaun Hunley       3 min read

Under the 2017 Tax Cuts and Jobs Act, R&E expenses paid or incurred after 2021 must be capitalized and amortized over five years (15 years if research is performed overseas). Read story →

Democrats float $10K threshold for bank-account reporting

By Laura Davison       4 min read

Lawmakers are rejiggering the proposal after a wave of criticism by Republicans and bank lobbyists. Read story →

In the blogs: Scary stuff

By Jeff Stimpson       3 min read

South Dakota’s new industry; a little clarity on contractors; the IRS and collections; and other highlights from our favorite tax bloggers. Read story →

Congressional proposal would speed disaster tax relief

By Michael Cohn       3 min read

The Internal Revenue Service has been extending tax relief to Americans affected by natural disasters like hurricanes and wildfires, but recent legislation could make it easier to qualify for federal tax relief. Read story →

Opposition grows to IRS bank reporting proposal

By Roger Russell       3 min read

Trade groups and Republicans in Congress are marshalling arguments based on privacy, constitutionality and other concerns. Read story →

Avalara acquires property tax software maker

By Michael Cohn       2 min read

The deal expands the reach of the tax compliance software company into real and personal property taxes.  Read story →

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WEB SEMINAR

Post extension season process improvements to enrich client relationships and maximize billable hours

Thursday, October 21, 2021 2:00 PM EDT

Many professionals would agree that the last two tax seasons have been challenging, with both federal and state government entities implementing new pandemic-related legislation and extending filing deadlines. Learn More →

SPONSOR CONTENT FROM WOLTERS KLUWER

WEB SEMINAR

ASC 842 and GASB 87 – Top three challenges of compliance

Wednesday, November 17, 2021 2:00 PM EST

Compliance with the lease accounting standards applies to every organization subject to the rules of the Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB), regardless of size.  Learn More →

SPONSOR CONTENT FROM LeaseAccelerator

WEB SEMINAR

A roadmap to tax season

Thursday, November 18, 2021 2:00 PM EST

This webinar will look at everything from technology to staffing to marketing to help tax pros make sure they’re prepared. Learn More →

SPONSORED BY Right Networks

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