Industry News: Factbox: DarkSide hackers in focus after Toshiba attack

Factbox: DarkSide hackers in focus after Toshiba attack

 

A unit of Japan's Toshiba Corp (6502.T) said on Friday it had been hacked in Europe by the DarkSide ransomware group widely believed to have been behind a crippling fuel pipeline attack in the United States this week. read more

WHO ARE DARKSIDE?

Industry News: Report Shows Small Businesses on Road to Recovery

Report Shows Small Businesses on Road to Recovery

U.S. small businesses are on the road to recovery from the financial losses experienced during the COVID-19 pandemic, according to a new report by Intuit QuickBooks. The report, Intuit QuickBooks Small Business Recovery, published by Intuit, uncovers the varied impact the pandemic has had on small businesses across different industries and geographies since March 2020, when COVID-19 caused many business owners to temporarily shut their doors.

Small Businesses Are Recovering

Industry News: 2021 child tax credit, EITC, and premium tax credit limits updated

2021 child tax credit, EITC, and premium tax credit limits updated

The IRS on Monday issued adjusted amounts for the child tax credit, the earned income tax credit (EITC), and the premium tax credit (PTC) for 2021, to reflect changes enacted in the American Rescue Plan Act of 2021, P.L. 117-2 (Rev. Proc. 2021-23).

Industry News: The pandemic pushed us forward. Let’s keep evolving

The pandemic pushed us forward. Let’s keep evolving



Continue the changes you’ve made into 2021 and beyond.
 

A close friend of mine had a slight stroke, and it changed his life for the better. He immediately made changes to his lifestyle, eating, and exercise habits. Today, he is healthier, happier, and more productive. All of these changes were things he kept making promises to do "someday," but that turned out to be a very risky idea.

Industry News: Expenses paid with 2020 PPP loans can be deducted on 2021 tax returns

Industry News:   Expenses paid with 2020 PPP loans can be deducted on 2021 tax returns  

Expenses paid with 2020 PPP loans can be deducted on 2021 tax returns

 

The IRS announced a safe harbor for certain businesses that received first-round Paycheck Protection Program (PPP) loans but did not deduct any of the original eligible expenses because they relied on guidance issued before the enactment of the Consolidated Appropriations Act, 2021 (CAA), P.L. 116-260, in December 2020.

Industry News: 3 Tips for a Less Taxing Tax Day This Mental Health Month

3 Tips for a Less Taxing Tax Day This Mental Health Month

Tax Day in 2021 coincides with Mental Health Month — and while that’s almost certainly a coincidence, it’s a coincidence that certainly feels apt. This won’t be lost on already under-the-gun tax professionals, for whom the lead-up to the filing ...

Industry News: Are You the Right Tax Professional for That New Client?

Are You the Right Tax Professional for That New Client?



At the end of the day, building relationships with our clients and helping them succeed is our goal. These are just a few of the ways we like to ensure each client that comes to us is the right fit for their needs and ours.

Industry News: Cannabis is Going Mainstream — Is Your Accounting Firm Ready?

Cannabis is Going Mainstream — Is Your Accounting Firm Ready?

In December of 2020, the Marijuana Opportunity, Reinvestment, and Expungement Act (MORE Act) passed the House of Representatives — this could lead to massive change for the cannabis industry in upcoming years.

Industry News: How the 2021 busy season is different

How the 2021 busy season is different

Two firms explain how they are practicing flexibility and understanding this busy season.
 

Across the country, some accounting firms prepared for the 2021 busy season by staffing up and offering more flexible work options for employees who are dealing with family issues during the pandemic.

But navigating business needs amid employees' personal needs during an ongoing pandemic has proved to be challenging. Liz Mason, CPA, knows that difficult balance well.

Industry News: What Is Your Long-Term Remote Work Strategy?

What Is Your Long-Term Remote Work Strategy?



We see signs of people returning to the office. You may connect via video conference with a client, peer or solution provider and see their office space behind them rather than a home office. Maybe you’re back in the office yourself. It’s not exactly a “return to normal” but a gradual shift into the new future of work. And no matter where you’re working as you read this, we need a long-term strategy for remote work/work-from-home.

The pandemic accelerated an existing trend

Industry News: Hosting Video Calls in a Changed Business World

Hosting Video Calls in a Changed Business World

Doing business during a pandemic is a new experience for everyone and there isn’t a rulebook for how to navigate this new normal. Many virtual meetings can be frustrating and ineffective, but with a little thought and preparation they can be made to be productive. Zoom

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