Industry News: Do you know how an employer can claim the COVID-19-Related Employee Retention Credit?

This FAQ is not included in the Internal Revenue Bulletin, and therefore may not be relied upon as legal authority. This means that the information cannot be used to support a legal argument in a court case.

72. How does an Eligible Employer claim the Employee Retention Credit for qualified wages?

Industry News: 4 ways to build resilience to digital risks in the COVID-19 era

4 ways to build resilience to digital risks in the COVID-19 era

 
  • By 2026, almost 26% of the world’s GDP could be based on internet-based and digitally-connected industries.
  • Seizing digital opportunities begins with an understanding of digital risk; at a minimum, companies need to understand their total exposure.
  • Following key principles of digital risk management will separate the companies that will thrive in the digital age from those that will not.

Industry News: How is the Accounting Profession Dealing with the Pandemic?

How is the Accounting Profession Dealing with the Pandemic?

Exactly how is the accounting world coping with the pandemic? That’s a topic that’s been top of mind for many of us in the accounting profession, and we here at The Growth Partnership wanted to find out for ourselves.

Industry News: Have you heard about the ‘2021 Black CPA Centennial’ campaign?

Have you heard about the ‘2021 Black CPA Centennial’ campaign?  

As February marks the beginning of Black History Month, organizations across the accounting profession have marked the occasion by commemorating the 100th anniversary of John Cromwell Jr. becoming the first registered Black CPA with a new yearlong diversity program.

Industry News: Season of uncertainty: Aiming for April 15

Season of uncertainty: Aiming for April 15

The month ahead will be a critical time for tax preparers as they face issues on many different fronts. Old legislation, new legislation, stimulus payments and Paycheck Protection Program questions will complicate matters for preparers and taxpayers alike, according to observers — to say nothing of the delayed start to tax season.

The filing season itself will be “one for the ages,” said Mark Steber, senior vice president and chief tax officer at Jackson Hewitt.

Industry News: Ready for the 2021 Tax Season? Here’s How the Coronavirus Pandemic Affected Your Business Clients

Ready for the 2021 Tax Season? Here’s How the Coronavirus Pandemic Affected Your Business Clients



As some of your business clients prepare to reopen their doors while ensuring the safety of their employees and customers, it’s your job to nudge them to start gathering their tax documents and financials for the April deadline.

Industry News: Beware of identity theft scam involving unemployment benefits

Beware of identity theft scam involving unemployment benefits

The IRS is warning taxpayers of an identity theft scam involving fraudulent claims for state unemployment benefits. Identity thieves are reportedly using stolen personal information to file for and receive unemployment benefits. This scam has proliferated during the COVID-19 pandemic as unemployment claims in general have skyrocketed.

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...

Industry News: 2021 Outlook from Bloomberg Tax & Accounting Explores Top Issues for 2021

2021 Outlook from Bloomberg Tax & Accounting Explores Top Issues for 2021

Bloomberg Tax & Accounting has announced the availability of its 2021 Outlook on Tax, a 50-plus page collection of news and insights from practitioners that focuses on the key federal, state, and international tax issues.

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