Tax Strategy: CAA tax provisions affecting 2020 returns

The Consolidated Appropriations Act includes a surprising number of tax provisions, many of which had not been widely publicized until the final bill was up for a vote.

Tax Strategy: CAA tax provisions affecting 2020 returns


A year of disruption in sales tax

The changes wrought by the pandemic in ecommerce and much more will play out in the sales tax arena across 2021, according to Avalara’s Liz Armbruester.

A year of disruption in sales tax


Tax pros want another deadline extension: NATP

Almost two-thirds of practitioners said that pushing filing to July 15 last year was good for them.

Tax pros want another deadline extension: NATP


SBA offers guidance on aid to shuttered entertainment venues

The Small Business Administration issued some preliminary guidance on how a new federal program to provide help to hard-hit playhouses, movie theaters, museums and other venues will work.

SBA offers guidance on aid to shuttered entertainment venues


Accounting profession marks centennial of first Black CPA with new diversity campaign

As Black History Month begins, a number of prominent accounting organizations — including the AICPA, Illinois CPA Society, and the National Association of Black Accountants — have joined together in announcing a new yearlong diversity program.

Accounting profession marks centennial of first Black CPA with new diversity campaign


Audit committee chairs concerned about ‘over-auditing’

The chairs of corporate audit committees want to hear more regularly from auditors, but they’re also concerned about “over-auditing” and “over-documentation,” according to the Public Company Accounting Oversight Board.

Audit committee chairs concerned about ‘over-auditing’


AI-driven AP provider Roger acquired by Fleetcor

The COVID-19 pandemic has accelerated cloud adoption in the accounting profession, which has in turn been a boon to AI companies whose software has also been given a boost by the mass move to the cloud.

AI-driven AP provider Roger acquired by Fleetcor


EU calls $15.7B Apple tax ruling ‘contradictory’

The European Union is seeking to overturn Apple Inc.’s victory in a 13 billion-euro ($15.7 billion) tax dispute, saying judges used “contradictory reasoning” when they found that the company’s Irish units weren’t liable for huge payments.

EU calls .7B Apple tax ruling ‘contradictory’


Biden’s promised $1,400 checks are even dividing the White House

Even within President Joe Biden’s White House, there’s debate about how to meet his promise to issue Americans another $1,400 each in stimulus checks.

Biden’s promised ,400 checks are even dividing the White House


Tom Hood leaves MACPA for Association

The Association of International Certified Professional Accountants has also acquired MACPA’s Business Learning Institute.

Tom Hood leaves MACPA for Association