Latest Articles

medical health pixabay darkostojanovic -563427_960_720

May 20, 2021 

IRS Provides New COBRA Guidance

The Internal Revenue Service has new guidance on tax breaks under the American Rescue Plan Act of 2021 for continuation health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).

AICPA_new 2019_1_.5b1fd9ff31925

May 18, 2021 

AICPA Proposes New Quality Management Standards for Firms

The American Institute of Certified Public Accountants has proposed three new standards on quality management for CPA Firms at the Firm and engagement levels. The proposed standards bring essential changes to the way firms oversee the quality of the ...

AICPA_new 2019_1_.5b1fd9ff31925

May 18, 2021 

AICPA Says Taxpayers Need More IRS Penalty Relief

With the May tax filing deadline now upon us, many taxpayers are still struggling to fulfill their tax obligations, putting them at risk for penalties and potentially collections activities. The American Institute of CPAs (AICPA) submitted a letter to ...

kpmg-logo

May 18, 2021 

KPMG Uses Data Analytics and Cloud Tech to Resolve Tax Audits

To best help large multinational enterprises, middle market corporations and partnerships, and institutional and financial buyers prepare for and respond to controversies and disputes, KPMG leverages its proprietary Digital Gateway technology, which ...

Covid Taxes IRS

May 17, 2021 

A COVID Tax Season Post-Mortem for 2021

Running an accounting practice has always come with unique challenges, but the COVID-19 pandemic brought unprecedented challenges, as well as some less-obvious opportunities.