News Archives - Page 2 of 1184 - Tax & Accounting Blog

New TaxWise Customer Advisory Board Puts Users First

December 30, 2020

TaxWise customers will have unprecedented opportunities to help influence the product roadmap, while providing direct access to TaxWise product developers and leaders by participating in the TaxWise customer advisory board program. This seat at the table for customers helps to ensure that TaxWise is delivering the products and features that customers value. Additionally, all TaxWise customers, including those not serving on the board, can provide instant feedback to the TaxWise team from within the software via the “ideas portal”. TaxWise leaders are interested in hearing from customers about their business pain points, needs and suggestions for the product.

Imposition of Seattle Payroll Tax Set to Begin in 2021

December 23, 2020

By CCHTaxGroup

The State of Washington does not have a corporate income tax. However, Seattle has enacted a payroll expense tax, with imposition of the tax beginning…

Restaurant Sector Gets Badly Needed Help from the COVID-Relief Legislation

December 22, 2020

By Mark Friedlich

More than 110,000 restaurants have closed permanently or long-term across the country as the industry grapples with the devastating impact of the Covid-19 pandemic. And…

Wolters Kluwer Tax & Accounting Looks at Year-end Stimulus Legislation

December 22, 2020

By Wolters Kluwer Tax and Accounting

Updates on year-end stimulus and 2021 appropriations legislation After months of negotiations that seemed to continually break down, on December 20, 2020 leaders in the…

Updated RMD Life Expectancy Tables

December 22, 2020

By CCHTaxGroup

The IRS has updated its Required Minimum Distribution (RMD) life expectancy tables. The updated tables take effect for 2022 distributions, with transition rules. This change…

State Sales Tax Rankings Affect Remote Sellers’ Risk and Cost of Doing Business

December 21, 2020

By Mark Friedlich

Online Sales for the Entire Holiday Shopping Season Forecasted at $184 Billion In my previous blog, I described how the consumer move to online shopping…

Covid-19 Emergency Relief Package: Second Round of PPP and Deductibility of Expenses Paid for by Loan Proceeds

December 21, 2020

By Mark Friedlich

After months of difficult, partisan discussions, Congress has agreed to the next Covid-19 economic relief package. At the time of this writing, the bill text…

Types of Taxes Imposed on Cannabis, and Compliance Requirements of Various Entities

December 18, 2020

By CCHTaxGroup

There are different kinds of state taxes imposed on cannabis, including sales and use taxes and excise taxes. In addition, cannabis businesses, like producers, distributors,…

State Adoption of MTC Partnership Representative Provisions

December 17, 2020

By CCHTaxGroup

Under new federal partnership audit rules, partnerships must designate a representative. That person has sole authority to act on behalf of the partnership under the…

When Tax Preparers Move to the Cloud, Clients Benefit

December 16, 2020

By Wolters Kluwer Tax and Accounting

Tax Preparers using the right cloud tax preparation software allows you to provide better customer service. Tax Preparers are benefiting from being able to use the features in TaxWise Online to provide their clients with amazing service that helps tax preparers attract and retain customers looking for simple, accurate, easy, secure and convenient tax preparation services in a competitive industry.