Payroll

October 2, 2020 

Also, as part of IRS’s continued focus in this area, the IRS has become aware of variations of the abusive micro-captive insurance transactions. Examples of these variations include certain Puerto Rico and offshore captive insurance arrangements that ...

October 2, 2020 

Rimilia is a provider of accounts receivable automation solutions that enable organizations to control cash flow and cash collection in real time. Using artificial intelligence (AI) and machine learning, the SaaS (Software-as-a-Service) platform ...

October 2, 2020 

The Internal Revenue Service Chief Counsel has released Chief Counsel Notice 2021-001 (CC Notice), which contains information regarding Chief Counsel’s settlement initiative for certain pending Tax Court cases involving abusive syndicated ...

October 1, 2020 

Reports from the U.S. Treasury Department have begun surfacing indicating that the federal agency expects to step up the pace of processing Payroll Protection Program (PPP) loan forgiveness applications later this week or early next week. Both the Nation’s Restaurant News and The Wall Street Journal are reporting that “a Treasury Department spokesperson” confirmed that...…

Gail Perry

September 30, 2020 

On the joint 2019 return filed by Biden and his wife, Dr. Jill Biden, the couple paid almost $300,000 in federal taxes on approximately $985,000 of adjusted gross income (AGI), resulting in a relatively high effective tax rate of 29.5%.

September 30, 2020 

Paychex’s PPP Loan Forgiveness Estimator assists business owners with understanding how much of their PPP loan may be forgiven by the federal government. When accessing the tool, CCH AnswerConnect users will be asked to input a variety of ...

September 30, 2020 

From all indications, the transformation of the accounting profession to a more advisory focus is already well under way. Taking a learning organization approach will help ensure that your firm develops a comprehensive client advisory mindset.

Roman Kepczyk

September 29, 2020 

Rippling syncs all your HR data with payroll, so you never have to use a calculator or manually enter data, like hours and deductions. All you need to do is click “Run.” It’s that easy.

September 24, 2020 

Companies with more women in executive and management roles deliver more positive employee experiences in terms of overall career growth, pay fairness, skill building, confidence in leaders and managerial support.

September 24, 2020 

Drawing on publicly available data, the AJPT study employs a novel method to focus on the years immediately preceding and following mandated partner rotations. Joining Prof. Whited as co-authors in the AJPT’s current issue are Huan Kuang and Matthew G.

September 24, 2020 

The 1099-NEC is used strictly for reporting independent contractor payments of $600 or more in the course of your trade or business. You will still be required to use the 1099-MISC for such items as royalties, rent, and healthcare payments.

September 23, 2020 

The FASB Not-for-Profit Advisory Committee (the Committee) held its semiannual meeting on September 10, 2020. Due to the COVID-19 pandemic, the meeting was held via video conference.