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Industry News: COVID Tax Credit Extended for Employers Who Keep Workers on Payroll

COVID Tax Credit Extended for Employers Who Keep Workers on Payroll The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted Dec. 27, 2020, made a number of changes to the employee retention tax credits previously made available under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The Internal Revenue Service is … Read more

Industry News: Do you know why the IRS created the position of Chief Taxpayer Experience Officer?

IRS Creates New Position: Chief Taxpayer Experience Officer The position will work with business units and offices across the IRS, including Chief Counsel, the Independent Office of Appeals and the National Taxpayer Advocate. The role is envisioned as working in coordination with the National Taxpayer Advocate… The Internal Revenue Service has created a new Chief … Read more

Industry News: IRS Offers New Contact-Free Signature Options for Tax Pros and Clients

IRS Offers New Contact-Free Signature Options for Tax Pros and Clients Tax professionals can find the new “Submit Forms 2848 and 8821 Online” on the IRS.gov/taxpro page. Tax professionals must have a Secure Access account, including a current username and password, or create an account in advance of submitting an online … The Internal Revenue … Read more

Industry News: 7 Tips to Keep Client Data Safe During this Work-from-Home Tax Season

7 Tips to Keep Client Data Safe During this Work-from-Home Tax Season To keep client data safe when working from home this tax season, it is important to understand potential risks when sharing information electronically, and how to manage these risks effectively. Consider the following. The past year has brought with it some significant changes … Read more

Hiram and Mylo Are Back

Those of you who were with CAMICO from 2002 through 2006 might recognize two old friends of the company, Hiram and Mylo. Hiram is the wise owl who is constantly trying to school Mylo, the ostrich who tends to stick his head in the sand when confronted with issues concerning best practices. In each strip, … Read more

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