Off the top; bad Solutions; and we quote; and other highlights of recent tax cases.
Day: February 11, 2021
Single audits: Deliver high quality in a challenging time
The federal funding surge that accompanied the coronavirus pandemic has made single audits more challenging than ever. But now that the rules have been released, practitioners need to focus on delivering high-quality single audits in this difficult time.
IRS gets set for Friday’s delayed start to tax season amid uncertainty
The Internal Revenue Service is girding for the official start of tax season Friday as taxpayers and preparers deal with tax breaks related to COVID-19 and questions about stimulus payments.
SALT-cap repeal unlikely to be added to COVID-19 relief bill
Hopes among millions of upper-income and middle-class taxpayers for a repeal of the Trump administration’s limits on their federal deductions will likely be on hold for now, as an effort to include the measure in the COVID-19 aid package is poised to fail.
GASB proposals would stretch meaning of accrual accounting
To the detriment of many state and local governments, budget decisions are being made based on bad accounting information.
Partners need to own their firm’s strategic plan
Strategic planning is about the choices partners make about the future of the firm, both what to do and, more importantly, what not to do.