Benefits

Applications for U.S. state unemployment benefits fell by more than forecast last week to the lowest since November, signaling that job cuts are starting to ebb as COVID-19 infections decline and vaccinations accelerate.

Amid recent requests by the AICPA and National Association of Tax Professionals that the IRS extend the 2021 income tax filing season, millions of Americans are still challenged by a backlog at the IRS of income tax returns from last year.

Change management can be an ambitious undertaking, but it’s important to remember the biggest piece of any change management plan: your people.

Grant Thornton LLP has launched ptvault.x, a new platform to help companies manage personal-property taxes. The cloud-based platform provides Grant Thornton’s clients with data transparency and reduced complexity.

Employing a “blend and extend” strategy to reduce near-term cash spend may be ideal in the current environment, but companies should also be aware of the associated hedge accounting implications.

Applications for U.S. state unemployment insurance jumped to a four-week high, indicating the labor market is suffering fresh setbacks even as the coronavirus pandemic shows signs of ebbing.

At the three-day CPA Revolution Masterclass, ticket holders will learn how to deliver high-value services, accelerate cash flow, create a high-performance team, and more. Tickets are on sale now at wealthability.com/cpa-revolution-masterclass-2021-mk.

The U.S. Department of Labor’s Employee Benefits Security Administration has confirmed that “Improving Investment Advice for Worker & Retirees,” an exemption for investment advice fiduciaries, will go into effect as scheduled on Feb. 16, 2021.