Accounting
AICPA News: February 2021
AICPA News is a round-up of recent announcements from the American Institute of CPAs.
Isaac M. O'Bannon
Managing Editor
isaac.obannon@cpapracticeadvisor.com
Isaac M. O'Bannon is the managing editor and digital content manager for CPA Practice Advisor (www.CPAPracticeAdvisor.com), drawing on two decades of experience covering the areas of professional accounting, taxation, business productivity and consumer technologies.
Prior to CPA Practice Advisor, O'Bannon was a consultant at firms in San Francisco, Denver and Tulsa, serving clients that included Logitech, Polycom, Hilti, Microsoft, the Stanford Research Institute, the University of Oklahoma's College of Engineering and other technology leaders. He is a U.S. Navy veteran.
Email: isaac.obannon - @ - cpapracticeadvisor.com
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Income Tax
Estimated Income Tax Refund Date Chart for 2021
The Covid / Coronavirus stimulus payments you received will NOT affect your tax refund. Here's a chart that shows estimated dates for income tax refunds in 2021. File early and use Direct Deposit to get it faster.
Deadline for Forms W-2, 1099-MISC and 1099-NEC is Feb. 1, 2021
Businesses have until Feb. 1, 2021, to file the revised Form 1099-MISC, Miscellaneous Income, and the new Form 1099-NEC, Nonemployee Compensation, and provide copies to the recipients.
Accounting
The 2020 CPA Practice Advisor "40 Under 40" Professionals and "20 Under 40" Influencers
The awards recognize 40 professionals who are under 40, and have emerged as future leaders in the profession, and 20 who are under 40 and leading the development of technology that serves the profession.
Accounting
2020 Innovation Award Winners Announced
Now in their 17th year, the CPA Practice Advisor Tax and Accounting Technology Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
Advisory
Report Shows Trends for Accounting Advisory Services
The survey data indicates that being able to offer expert insights when it comes to finances will give firms the upper hand when it comes to implementing value pricing as it enables them to provide a better customer experience.
Accounting
AICPA News: July 2020
AICPA News is a roundup of recent announcements from the association.
Benefits
Covid-Normal: Worker Stress, Work/Life Balance and Productivity Start to Stabilize
For workers currently employed, this new “normal” has many working remotely, forced to adjust to how they get work done. Those required to work remotely responded that the ability to complete tasks and connect with others was severely impacted due to technology issues, lack of necessary equipment to work effectively, and distractions.
Benefits
With July 15 Deadline Approaching, 37% of Taxpayers Can't Pay Because of Covid
A majority of taxpayers (61%) are deeply concerned that the financial impacts of COVID-19 may force them into tax debt, adding to the $131 billion already owed to the IRS by 14 million Americans.
Income Tax
SBA Releases New PPP Forgiveness Applications and EZ Form
The EZ application requires fewer calculations and less documentation for eligible borrowers. Details regarding the applicability of these provisions are available in the instructions to the new EZ application form.
Accounting
AICPA News - May 2020
AICPA News is a roundup of recent announcements and activities by the American Institute of Certified Public Accountants.
Payroll
Workers Earning Less than $75k Are Being Laid Off Most
Covid-19 has strongly shaken the labor market in March and April, driving layoffs and unemployment in the U.S. to their highest points since the Great Depression. As of May 1, 2020, about 30 million Americans have lost their jobs ...