Republicans back stimulus checks but payroll tax cut in question

Republicans crafting their own plan for a new U.S. virus-relief bill broadly endorsed a fresh round of stimulus checks to individuals, extended supplemental jobless benefits and more money for testing while voicing doubts over President Donald Trump’s desired payroll tax cut.

Republicans back stimulus checks but payroll tax cut in question


IRS launches office to help make issue-resolution digital

The new Enterprise Digitalization and Case Management Office has mandates to improve processes and modernize aging systems.

IRS launches office to help make issue-resolution digital


The pros and cons of moving to the cloud

The coronavirus pandemic has many accountants considering the cloud, but it’s not a simple decision.

The pros and cons of moving to the cloud


In the blogs: Unending battles

Trusts and taxes; recovering revenues; advising clients who needed more than three extra months; and other highlights from our favorite tax bloggers.

In the blogs: Unending battles


IRS Commissioner addresses tax pros on unprecedented tax season

IRS Commissioner Chuck Rettig expressed his appreciation to tax professionals Tuesday for their cooperation during the extended tax season that was prolonged by the novel coronavirus pandemic and pledged to deliver any future stimulus payments approved by Congress.

IRS Commissioner addresses tax pros on unprecedented tax season


IIA updates Three Lines Model to stress risk management and governance

The Institute of Internal Auditors has updated its Three Lines of Defense Model to emphasize more active forms of risk management and governance.that go beyond merely defensive moves by the internal audit function.

IIA updates Three Lines Model to stress risk management and governance


New regs on income subject to high foreign tax spark ire

The final IRS and Treasury rules let taxpayers exclude certain income from their GILTI computation.

New regs on income subject to high foreign tax spark ire


10 areas to revise in your disaster recovery and pandemic plans

The COVID-19 pandemic has highlighted the need to have a business continuity and disaster recovery plan and a pandemic plan in place.

10 areas to revise in your disaster recovery and pandemic plans


Biden’s $775B plan paid for with real estate taxes

Joe Biden on Tuesday unveiled a plan to bolster childcare and care for the elderly that would be financed by taxes on real-estate investors, as well as increased tax compliance by high-income earners.

Biden’s 5B plan paid for with real estate taxes


Should accountants be charging for PPP services?

Firms may want to trade short-term cash for long-term goodwill.

Should accountants be charging for PPP services?