Latest Articles

tax-1351881_960_720_pixabay 905513

October 27, 2020 

IRS Changes 2021 Income Ranges for IRA Eligibility

The income ranges for determining eligibility to make deductible contributions to traditional Individual Retirement Arrangements (IRAs), to contribute to Roth IRAs and to claim the Saver’s Credit all increased for 2021.

irs-audit-taxes1_11430477[1]

October 27, 2020 

How the IRS Determines the Statute of Limitations on Collections

The statute of limitations period for IRS collection enforcement is generally ten years from the date the tax is assessed.[1]Tax Practitioners who are new to IRS collection representation may not be fully aware of the impact the statute of limitations (SOL) can have on a case and dismiss its relevance because the statute of limitations...…

Arnold van Dyk

Small Business Coronavirus 2

October 27, 2020 

68% of Businesses Plan to Rehire Laid Off Staff within 6 Months

According to a new survey, close to 70 percent of organizations who have furloughed or laid off employees during the COVID-19 pandemic will back-fill roles that were eliminated (68%), even with hiring freezes (40%) being the most important cost ...

taxes reform_1_.5540d268d98f6

October 26, 2020 

IRS Announces 2021 Tax Inflation Adjustments

The Internal Revenue Service has announced the annual inflation adjustments for tax year 2021 for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2020-45 provides details about these annual adjustment

Airport Denver

October 26, 2020 

Can Airlines Survive the Covid Winter?

The resurgent Covid-19 pandemic is pushing back the recovery in air travel, turning winter into a survival test for carriers now pinning hopes on a spring rebound.

 Quarterly Payroll Tax Returns Due Oct. 31

October 26, 2020 

Quarterly Payroll Tax Returns Due Oct. 31

The next quarterly payroll tax return due date is Oct. 31, and the Internal Revenue Service urges business owners to use the speed and convenience of filing the returns electronically.

 Corvee Tax

October 26, 2020 

Corvee Tax

Tax planning software for accounting firms designed to help you save clients money on taxes. Automated client requests for agreements, engagement letters, file requests, questionnaires, tax planning and more.

AICPA_new 2019_1_.5b1fd9ff31925

October 26, 2020 

AICPA Names COVID-19 Student Hardship Grant Recipients

The AICPA and its Foundation offer a variety of scholarships to help students complete their accounting education and earn their CPA. Current recipients of one of the AICPA’s Legacy Scholarships or CPA Exam Scholarship are not eligible for the ...

CorveeTax Logo

October 26, 2020 

Corvee Launches Proactive and Strategic Tax Planning System

Corvee, a software and solutions company which serves tax and accounting firms, has launched its new Tax Planning software to give accounting firms and tax professionals the ability to formulate a tax savings calculation, develop a proactive and ...

stopwatch optimize-3699322_1280

October 26, 2020 

Set Yourself Some Deadlines

There are historical references from the 19th century supporting an origin of the word, deadline, indicating a line or ditch created around the perimeter of a prison, over which if a prisoner crosses he (or she) will be shot dead.

Gail Perry