The National Conference of CPA Practitioners is asking the IRS to postpone the tax deadline from May 17 until June 15 and to make it apply to quarterly estimated payments.]]
Author: Chris Crawford
Tax credits do the dirty work of clean energy
The Investment Tax Credit and the Production Tax Credit can provide value in the corporate climate under President Biden.
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Richest 1% hide a fifth of their income from the IRS
More than 20 percent of the wealthiest Americans’ income isn’t being reported to the Internal Revenue Service, according to a new study that calculates U.S. tax evasion is far higher than previously estimated.]]
The Black CPA Centennial: Meet the first Black CPA
The son of a former slave, John W. Cromwell Jr. broke through a major barrier in the accounting profession in 1921.]]
IFRS Foundation sets up working group to converge sustainability standards
The move is aimed at helping pave the way for a potential international standard-setter for ESG accounting.]]
Companies have trouble detecting fraud during COVID
The COVID-19 pandemic could give remote employees around-the-clock access to company funds with little supervision and lead to embezzlement.]]
Shuttered Venue Operators Grant program to open April 8
The SBA will begin accepting Shuttered Venue Operators Grant applications on April 8. Entities interested in applying can sign up for updates via a splash page for the new SVOG application portal.
IRS audits of millionaires plunged 72%
Fewer than two out of every 100 taxpayers reporting over $1 million in income were audited by the Internal Revenue Service in fiscal year 2020, according to a new report.]]
LinkedIn tips for accountants and finance professionals
Accountants should rethink their approach to virtual networking in a post-COVID-19 landscape.
Which is more difficult: The CPA Exam or the Bar?
Having taken both, Christine Kuglin breaks down the differences between the hurdles to the two professions.]]