Help your clients take advantage of recent COVID-related legislation
The Consolidated Appropriations Act, 2021 amended and extended important and popular provisions of the CARES Act. It also provided additional benefits for a wide variety…
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Biden Administration Announces Changes to PPP to Help Small and Minority-owned Businesses
The Biden administration on Monday, February 22 announced changes to the payroll protection program with the goal of helping small and minority owned firms as…
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A Transformative Audit Methodology
Last year, accounting firms had to navigate over and around unprecedented obstacles. But many of those challenges also present opportunities and transform audit processes and…
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5 Tips to Help Prepare Small Business Clients for Success in the 2021 Tax Season
Guiding your clients during this years’ filing season can prepare them for a successful tax season and even future proof their business. Filing taxes are…
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Roll Forward with Knowledge Coach
You may have read in the news recently about a patent for the application of AI specific to the roll forward/update processes during an audit…
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2021 Review: How Do States Tax Retirement and Social Security Income?
How big of a bite will state taxes take out of your retirement and Social Security income? It depends on where you decide to retire.…
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TaxWise® Online Professional Tax Software Featured Among Accounting Today’s 2021 Top New Products
Integrated online solution brings speed & productivity to tax preparers Today, Wolters Kluwer Tax & Accounting announced that its TaxWise® Online professional tax software solution…
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Testing Internal Controls – Audit Tools that Help
Earlier this month, the PCAOB released annual inspection reports for the Big Four accounting firms and eight other firms. The reports revealed deficiencies in 52…
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IASB Improves Accounting Policy Disclosures and Clarifies Distinction Between Accounting Policies and Accounting Estimates
The IASB has issued narrow-scope amendments to IFRS Standards that improves accounting policy disclosures and clarifies distinction between accounting policies and accounting estimates. The amendments…
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CARES Act Self-Employment Credits: Calculating the Amount
Self-employed individuals may claim a refundable credit for a qualified sick leave or family leave equivalent amount if they cannot work due to COVID-19. The…
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