Featured News
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More companies hiring new staff remotely
More organizations are hiring full-time or temporary staff remotely during the COVID-19 pandemic, a new survey shows.
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2021 inflation adjustments, tax tables and more
The IRS has announced the annual inflation adjustments for the tax year 2021, including tax rate schedules, tax tables and cost-of-living adjustments.
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Americans’ personal financial satisfaction rebounds
The AICPA’s Personal Financial Satisfaction Index (PFSi) saw its highest-ever quarterly growth in the third quarter of 2020, rising 16.5 points, marking a 99% increase from the last quarter.
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IRS adjusts income ranges for 2021 retirement plans
The IRS increased the 2021 income ranges that determine whether taxpayers are eligible to make deductible contributions to IRAs, contribute to Roth IRAs and claim the saver’s credit.
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IRS releases draft Form 1065 instructions
The IRS is now accepting comments on its draft Form 1065 instructions on partner tax basis reporting.
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FASB proposes targeted lease accounting changes
FASB recently proposed to improve three targeted areas of its lease accounting guidance.
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IRS reminds tax pros to renew PTINs for 2021
The IRS is reminding the nation's tax return preparers to start the upcoming 2021 filing season smoothly by renewing their PTINs before they expire Dec. 31.
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Unclaimed property distributions allowed as self-certified rollovers
The IRS added state unclaimed property distributions to its list of reasons taxpayers may self-certify after missing the 60-day deadline to roll over funds to a qualified retirement plan.
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Gov. Evers announces $256M in relief for taxpayers
Additional sales tax revenue from out-of-state retailers will lower tax bills for the average state income taxpayer by about $137, Gov. Evers announced this week.
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Offering support to co-workers working remotely
Offering support and encouragement to co-workers and peers working remotely can go a long way in this time of isolation and stress for many.