IRS Targets Microcaptive Insurance Schemes

October 2, 2020 

IRS Targets Microcaptive Insurance Schemes

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 ...

BlackLine-Logo-02

October 2, 2020 

BlackLine Acquires Rimilia

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 ...

PPP_Paycheck_Protection_Program.5ec6ae8ab766c

October 1, 2020 

Expectations Rise for Swift Processing of PPP Loan Forgiveness Applications

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

Joe-Biden-Speaks[1]

September 30, 2020 

Biden 2019 Tax Returns Show High Income and High Tax Rate

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%.

 Rippling Payroll

September 29, 2020 

Rippling Payroll

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.

audit

September 24, 2020 

Should U.S. Broaden Mandate on Auditor Rotation?

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.