December 2020

January 5, 2021 

Tax departments today are facing unprecedented pressures, including management of changing tax obligations, new regulatory requirements, and providing real time scenario analysis – all while adjusting to a new workplace environment.

December 21, 2020 

The most significant proposed legislation is the Protecting the Right to Organize (PRO) Act. It was passed by the House of Representatives on February 6, 2020 but has stalled in the Republican-controlled Senate. One pro-union publication described the ...

December 21, 2020  Sponsored

Intuit hosted its first virtual QuickBooks® Connect on Nov. 18, where the theme was “We go further together.” Thousands attended to take advantage of the many opportunities to grow, learn, and share. To help grow your practice and serve as a true advisory partner to your clients, here are the highlights of the product innovations...…

December 17, 2020 

As we wind down the year of COVID-19, we thought it would be a nice gesture to share with our readers some ideas for what to stream while we’re all locked down for the holiday season and the months ahead. Here's what some of our readers are ...

Gail Perry

December 17, 2020 

AICPA News is a roundup of recent announcements by the association.

December 14, 2020 

Now’s the time to begin ramping up your marketing efforts for what looks to be a very busy 2020 tax season. Some of these items take minutes to implement, while others could take a week or two of planning, development, and execution. Search Engine Optimization (SEO) When was the last time someone reviewed the keyword...…

Becky Livingston

December 11, 2020 

,” which identified the services clients most valued from their accountants. The report was based on survey responses of more than 650 accountants and business professionals across the country. Growing as an accounting firm requires identifying and understanding the services your client base most wants and needs. Among small businesses, the biggest pain points consistently...…

Jeannie Ruesch

December 11, 2020 

Technology is commoditizing traditional accounting firm services, decreasing billable hours and motivating firms to build their advisory and consulting service offerings. But making this leap requires a different set of tools than those used for ...

Sandra Wiley

December 11, 2020 

2021 will see Finance & Accounting invest in technology to turbocharge their digital transformation journeys moving to a modern accounting model that unifies all of a company’s systems and data into a single source, automates manual, repetitive ...

December 9, 2020 

The COVID-19 pandemic has made 2020 one of the most stressful years ever for finance workers — and has led to a rise in burnout. Many staff are classified as key workers and have been toiling around the clock to deliver essential services, often with ...

Paul McDonald

December 9, 2020 

This past year has been a busy one on the tax legislation front with the following tax bills passed by Congress: Coronavirus Aid, Relief and Economic Security (CARES) Act; Families First Coronavirus Response Act; Setting Every Community Up for ...

Mike D'Avolio

December 9, 2020 

It’s harvest time again. Traditionally, at the end of the year investors realize or “harvest” capital losses or gains from sales of securities to secure tax advantages. And, with the tumultuous times we’ve experienced in 2020, there are more ...

Ken Berry, JD

December 8, 2020 

Normally, retirees in their seventies or older arrange to receive required minimum distributions (RMDs) from retirement accounts at the end of the year. Otherwise, they could be held liable for a severe tax penalty, on top of the ...

Ken Berry, JD

December 7, 2020 

It’s customary to give to charity around the holidays at the end of the year. Not only does this benefit worthy causes, it can pay off with a bigger charitable deduction on your tax return.

Ken Berry, JD

December 4, 2020 

Forget about it being your best shot at a medical deduction this year—it could be your last shot, depending on your personal situation. It all has to do with the threshold for deducting medical expenses.

Ken Berry, JD

December 4, 2020 

Not one of us could have predicted the year 2020 would turn out to be, but almost everyone would agree that we are hoping 2021 will bring a return to some degree of normalcy in our day to day lives. The good news is that throughout the ongoing ...

Roman Kepczyk

December 4, 2020 

There’s no denying that the holiday season is going to look a whole lot different this year. Without widespread immunization from Covid-19, which is still months away at minimum, mass travel and large gatherings will be limited. However, just because our holiday calendars look different, doesn’t mean the holiday spirit needs to take a year...…

Amy Vetter

December 2, 2020 

Although podcasts are a popular commuter pastime and commuting is down somewhat during the pandemic, podcast measurement company Chartable reports that podcast downloads in September increased 150 percent over January of this year.

Gail Perry

December 2, 2020 

In the wake of the 2020 election, many expect that the Biden administration will seek to engage Congress to enact new tax legislation in order to raise revenue to pay the costs associated with the pandemic and other government programs.

November 28, 2020 

By Pete Schile. In the world of accounting and finance, it’s not if we will reconcile accounts, it’s when we will reconcile accounts. Likewise, it’s not if we will experience a cyber attack, it’s when we will experience a cyber attack. It’s bound to happen. As accountants, one of our key responsibilities is to highlight...…

November 28, 2020 

Although the CARES Act Payroll Protection Program’s (PPP) loan application period closed last August, you most likely have clients who received funding and now need to plan for loan forgiveness. The rules changed since the program began.

Nellie Akalp

November 23, 2020 

Vision for the future comes from a variety of sources. Clear vision and sources of inspiration can come from colleagues, friends, quiet time, struggling with an issue, conflict, relaxing on the beach or vacation, meditation or attending a religious ...

Randy Johnston