Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment...

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The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year...

SBA rules PPP borrowers can use gross income

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The U.S. Small Business Administration (SBA) issued new Paycheck Protection Program (PPP) rules that allow self-employed individuals who file Form 1040, Schedule C,  Profit...

Five Tips for 1099s in QuickBooks Online

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As if 2020 hasn’t been challenging enough now at the mad dash to the year-end we need to learn and comply with the new...

What does the rescheduling of Cannabis do?

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Cannabis taxes are complicated. Reporting “illegal” activity to the Federal government comes with a lot of conservative enforcement of extreme laws. In particular, 280E....

The Neverending Tax Story – October 15th Disaster Deadlines Pushed

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2020 is the year of the neverending tax seasons. The original April 15th deadline was pushed to July 15th and now we have enough...

Is it a Hobby or a Business?

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You’re a tax professional, so I don’t need to tell you that whether your client thinks his hobby is just a hobby or a...

IRS Accepting Limited Digital Signatures

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On Friday, the IRS announced that it will temporarily accept digital signatures on a handful of forms that cannot be filed electronically. The change...

Compliance Assurance Process

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The Compliance Assurance Process (CAP) was developed by the Large Business and International (LB&I) Division of the IRS to improve the federal tax compliance...

IRS Form 1040-X Electronic Filing   

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“The ability to file the Form 1040-X electronically has been an important long-term goal of the IRS e-file initiative for many years,” said Sunita...

IRS Form 8300

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How many forms does the IRS actually have? Does anyone at the IRS know? I’d love to know the answer to that question. If...

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[CPE Webinar] Big Issues in 2021 – Identifying Risk is the First Step to...

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September 29 at 1:00 p.m. ET | Presented by Peter J. Larkin and Cynthia Butera | 1.0 CPE Credit The economic landscape for 2021 has...

Key Strategies to Help Your Firm Succeed in Today’s Evolving Accounting Profession

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Regulatory changes, emerging trends, and new technologies. Alone, each of these developments would be enough to create a rapid evolution in the accounting profession....

Four Keys to Building Win-Win Relationships with Clients Beyond Accounting Services

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Developing long-term results for your clients and maximizing the lifetime value of their business depends on building win-win relationships. From your clients’ perspective, understanding...