Featured News
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Helping clients to avoid costly errors
The start of the fourth quarter is a good time to check in with clients and work with them to ensure there are no errors in their tax documentation.
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Reducing the risk of cyberattacks
Accounting firms of all sizes are continuing to face a range of cybersecurity threats, but there are strategies to reduce their risk of becoming victims.
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IRS issues new per diem rates
Taxpayers who incur expenses while traveling away from home have new per-diem rates to use in substantiating certain of those expenses.
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New charitable deduction for nonitemizers
A provision of the CARES Act permits eligible individuals who do not itemize deductions to deduct $300 of qualified charitable contributions as an above-the-line deduction.
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IRS allows digital signatures for 6 more forms
The IRS is temporarily allowing the use of digital signatures for six more forms to help protect the health of taxpayers and tax professionals during the COVID-19 pandemic.
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Focusing on the right information trends
By narrowing your focus to significant trends that directly impact the accounting industry, you can cut down on any other extraneous information that competes for your attention.
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IRS issues COVID-19 testing guidance
COVID-19 testing and diagnostics services are not considered minimum essential coverage for purposes of the Sec. 36B premium tax credit and Medicaid, according to new IRS guidance.
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Investing in anti-fraud efforts
To mitigate the growing threat of economic crime, organizations are now investing in anti-fraud efforts to stay ahead of potential criminals.
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IRS expands tax help into more languages
As part of a larger effort to reach underserved communities, the IRS is taking a number of steps to expand information and assistance available to taxpayers in additional languages.
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Certain BBA partnership returns due soon
Partnerships subject to the centralized partnership audit procedures under the Bipartisan Budget Act of 2015 (BBA) must file their amended returns before Sept. 30, 2020.