Featured News
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IRS crypto tax risks expand with new reporting
The IRS is keeping a closer eye on gains in cryptocurrency, and the tax risks are expanding with new reporting requirements on the horizon.
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IRS interest rates unchanged for Q3 2021
The IRS announced on May 27 that interest rates will remain the same for the calendar quarter beginning July 1, 2021.
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Draft employer’s payroll tax return incorporates ARPA changes
The IRS has released a revised draft of Form 941 that incorporates payroll tax return changes of the American Rescue Plan Act (ARPA).
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Employee value self-assessment tool now available
A new employee value self-assessment PCPS tool helps employees better understand the true value that they bring to your firm by focusing on accountability.
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Unintended consequences of foreign branch reporting
Some U.S. citizens and residents doing business abroad can have surprising tax reporting obligations under IRS Form 8858.
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DOR provides additional guidance on reporting adjustments
The DOR updated its guidance on reporting adjustments for individual shareholders, partners and members of pass-through entities that opted for taxation on income at the entity level.
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New nonauthoritative guidance for auditing digital assets
AICPA & CIMA issued nonauthoritative guidance for auditing digital assets such as cryptoassets in the areas of risk assessment, processes and controls, laws and regulations, and related parties.
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Cybersecurity evolves to handle remote workers
The number of employees working remotely during the pandemic can be directly linked to an increase in cybercrimes, according to one cybersecurity expert.
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Effects of COVID-19 impose perilous challenges on NFPs
Management personnel, board members and volunteer officers in the not-for-profit community have been confronted with their share of challenges from COVID-19, in some cases putting their very viability at risk.
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Treasury pitches global minimum corporate tax rate
On Thursday, May 20, the U.S. Treasury Department said that, after meeting with other countries, it has proposed implementing a global minimum corporate tax rate with a floor of 15%.