In the blogs: Fretting
The PPP; customer service now; answers and CARES; and other highlights from our favorite tax bloggers.
Coronavirus and Wayfair decision affecting state tax revenues
The coronavirus has caught a number of states off guard, threatening their revenue and impairing their ability to meet obligations that have grown as a result of the epidemic.
Coronavirus and Wayfair decision affecting state tax revenues
Most taxpayers lack 1099 forms for reporting crypto transactions
The Internal Revenue Service is including a question at the top of Schedule 1 of the Form 1040 this year asking taxpayers whether they received, sold, sent, exchanged or acquired a financial interest in virtual currency in 2019, but most taxpayers won’t have any record from a Form 1099 about their cryptocurrency transactions.
Most taxpayers lack 1099 forms for reporting crypto transactions
U.S. government’s financial condition worsened by $8.16T in 2019
Even before the start of the coronavirus pandemic, the federal government was facing dire financial conditions, with its overall financial condition worsening by $8.16 trillion in 2019, according to a new analysis.
U.S. government’s financial condition worsened by .16T in 2019
Global economic confidence plummets due to coronavirus, say ACCA and IMA
The pandemic has prompted confidence among accountants to fall to its lowest levels on record in all regions of the world during the first quarter of the year.
Global economic confidence plummets due to coronavirus, say ACCA and IMA
Be clear, be calm during coronavirus
Establish a communication plan now, so your firm can come out of this crisis stronger than ever. Here are three key steps to follow.
Why I have confidence auditors are ready to meet this time of economic uncertainty from coronavirus
COVID-19 has created the largest health and economic crisis in decades.
Why I have confidence auditors are ready to meet this time of economic uncertainty from coronavirus
Can your firm thrive from the coronavirus?
The current pandemic offers opportunities for firms that are ready to change.
Considerations in an uncertain economic environment amid coronavirus
It is important to look at cost segregation and what it can do for a taxpayer.
Considerations in an uncertain economic environment amid coronavirus
GASB working to address coronavirus impact on government accounting
The Governmental Accounting Standards Board is working on several fronts to offer relief to state and local governments and other stakeholders in the midst of the pandemic, including delaying the effective date of some standards.
GASB working to address coronavirus impact on government accounting