covid-19 Archives - Tax & Accounting Blog

How will the COVID-19 Relief Package Impact 2020 Tax Returns?

January 19, 2021

2020 was a busy year for tax legislation, mainly driven by the ongoing COVID-19 crisis. Some provisions are going into effect immediately, and Tax Professionals will be tasked with answering tough questions from their taxpayer clients looking to understand the implications and benefits of the tax policies impacting their 2020 tax returns. View our video with Tax Policy experts from the Brownstein Hyatt Farer Schreck Law Firm on major areas of concern for the 2021 Tax Season.

Start 2021 With a Few New Year’s Tax Resolutions

December 30, 2020

By Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax & Accounting looks at how taxpayers can best prepare for 2021 2020 is probably a year that many will gladly put behind…

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…

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.

States Considering Tax Increases to Cover COVID-19 Related Revenue Shortfalls

December 7, 2020

By Wolters Kluwer Tax and Accounting

Tax increases/budget reductions being considered to bridge revenue gap The COVID-19 Pandemic has been devastating for the budgets of both states and the federal government…

Home Improvement Tax Provisions: Key Considerations to Weigh Prior to Construction

October 22, 2020

By Wolters Kluwer Tax and Accounting

Pandemic drives popularity in home improvement projects Many people working from home during the COVID-19 pandemic have considered this time as an opportunity to look…

Tax Implications Exist for Taxpayers Making 2021 Healthcare Plan Elections

October 15, 2020

By Wolters Kluwer Tax and Accounting

COVID-19 and ACA SCOTUS arguments may impact healthcare selections In light of the COVID-19 pandemic, health insurance coverage is particularly important this year. The Internal…

Special Report: How COVID-19 is changing business sales tax obligations and enhancing risk [Part 14]

October 7, 2020

By Mark Friedlich

Manufacturers and Distributors Sales and Use Tax Risk and Complexity Have Soared: Wayfair and the Pandemic Impact COVID-19 is changing the way we do business,…

How Audit Technology Helps Firms Adapt in 2020

September 28, 2020

By Kim Conaway

Undoubtedly, 2020 has been a challenging year. First, clients had to quickly adapt to pandemic lockdowns and a remote workforce. Next, they had to deal…

Special Report: How COVID-19 is changing business sales tax obligations and enhancing risk [Part 13]

September 9, 2020

By Mark Friedlich

Sales and Use Tax Compliance: Risk and Complexity Have Soared for Many Businesses COVID-19 is changing the way we do business, the way we buy,…