Five Tips for 1099s in QuickBooks Online
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?
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
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?
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
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
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
“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
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...
CARES Act Provides Relief for Eligible Taxpayers: Withdraw from IRAs or Workplace Retirement Plans
Individuals who are eligible for coronavirus-related relief may be able to withdraw up to $100,000 from IRAs or workplace retirement plans before Dec. 31, 2020, if their plans...
Update on Implications of Changing the April 15 Due Date
This is an update from a previous article from April 2020.
If the last month has felt like an episode of the Twilight Zone, let...
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Upcoming Educational Webinars on Insightful Accountant: Automating A/P, Spend Management & Firm Growth
Here are a few upcoming educational webinars from Insightful Accountant:
Manual Payables Damages Business Visibility | April 20, 2021 at 2:00 p.m. Eastern Time
This webinar...
New ADP DataCloud Capabilities Help Businesses Understand Diversity, Staffing and Compensation
How can employers take action to advance Diversity, Equity and Inclusion (DEI) within their businesses? How can employers benefit from access to people data...
Mitigate Your Clients’ Business Risks with an Automated Payables Workflow
Most business owners are well aware of the need to stay current on their accounts payable in order to retain control of their cashflow....