May 21, 2021
Diverse Faculty Attracts Diverse Students
The first Black CPA Ph.D.s and the professors who were mentored or inspired by them have played an important role in attracting generations of ambitious Black students to the profession.
May 20, 2021
New Unemployment Claims Drop to Lowest of Pandemic
Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low, signaling steady improvement in the job market as remaining business restrictions are lifted.
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).
May 18, 2021
Anduin to Showcase Intelligence-Based-Billing at 2021 Rainmaker SuperConference
Anduin, a new technology company helping accounting firms streamline their work-to-cash cycles with artificial intelligence, will be showcasing its Intelligence-Based Billing platform in its booth at the 2021 Rainmaker SuperConference taking place ...
May 14, 2021
Will You Get a Second Income Tax Refund? IRS Starts Issuing Unemployment Refunds
The Internal Revenue Service will begin issuing refunds this week to eligible taxpayers who paid taxes on 2020 unemployment compensation that the recently-enacted American Rescue Plan later excluded from taxable income.
May 14, 2021
How to Get the Most Tax Benefits from the American Rescue Plan
Reach out to your clients as you learn about new legislation or guidance to give them your insights and the digestible version of what it means for them. This is your chance to cut through the technical jargon with easy-to-digest insights and showcase ...
May 13, 2021
Many U.S. Taxpayers Don’t Have Financial Plan
For some people, submitting their tax return to the IRS is a relief as they put the paperwork out of sight, and out of mind, until next year. Others recognize that tax time is the perfect time to plan for the future while all the documents are readily...
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May 13, 2021
Zoho Expense Aims to Help Mid-Market Businesses on Their Road to Recovery
Business travel has been significantly reduced due to Covid-19 while remote working has become a global norm. More than ever, companies require the right processes and tools to improve collaboration, ensure compliance of all regulations, and optimize ...
May 13, 2021
Setting Your Clients Up for Success with the American Rescue Plan
While every tax season can get a bit hectic, this one will prove extra challenging for tax professionals and their clients. It’s critical to make sure that you set your clients up for success to ensure that they’ll be able to navigate this complicated ...
May 13, 2021
Keynote Speakers Announced for FICPA MEGA Conference 2021
CPA.com’s President & CEO Erik Asgeirsson will present “Acceleration of Change,” an in-depth look at the rapid evolution of the CPA profession throughout the COVID-19 pandemic. He’ll be followed by Stetson University’s Randall Croom, Ph.D.
May 13, 2021
Client Experience for Today – Practice Management for Today
From the May 2021 Issue. Has your practice evolved to a new way of working, or are you doing things pretty much as you did a decade or more ago? Through the years, I have tried to show you a safe way to upgrade your practice tools with technology while still serving your client well...…
May 12, 2021
IRS Issues Guidance on Taxability of Dependent Care Assistance Programs
Notice 2021-26 clarifies for taxpayers that if these dependent care benefits would have been excluded from income if used during taxable year 2020 (or 2021, if applicable), these benefits will remain excludible from gross income and are not considered ...