January 2018 - Accounting Software News

Uncertainty at IRS Mirrors Longstanding Tension about Payroll Withholding

2018-01-11 - by Deanna Fletcher

A lot of payroll accountants have been impatiently waiting for the IRS to update their tax tables for the purposes of payroll withholding and calculating employees’ paychecks. As a consequence …

6 wise choices to start this tax season strongly 2021-02-25
If you are like many of the tax practitioners I’ve talked to lately, the 2020 filing season felt like a rambling run-on sentence. Because of the pandemic, last year’s April 15 filing deadline was extended to July, which ran into fall extension season and bled into more tax legislation. Now... Related StoriesTaxpayers are unaware of remote […]
Guest Blogger
Top audit challenges in 2021: peer reviewers weigh in 2021-02-12
“Same as last year?” Definitely not. This year won’t be “business as usual” for auditors. Auditors are navigating a new revenue recognition standard and still dealing with pandemic-related disruptions. CPAs have worked hard to perform audits under uncertain circumstances since the pandemic began, and that work will continue this year.... Related StoriesTaxpayers are unaware of remote […]
Guest Blogger
Three cybercrime trends to prepare for in 2021 2021-02-05
Cyber breaches have become more common threats for businesses. The COVID-19 pandemic accelerated the digitalization of many companies and a shift to remote working. That increased first-quarter cybercrime 273% in 2020 compared to 2019. The new and innovative ways hackers found to steal company data cost U.S. businesses an average... Related Stories6 wise choices to start […]
AICPA Communications
This Valentine’s Day, talk money 2021-02-04
They say money can’t buy love, but it can buy heartbreak. Love and finances are exceedingly complex subjects, so it makes sense that it only gets more complicated when you combine them. With Valentine’s Day just around the corner, the AICPA® Financial Literacy Commission encourages Americans to give their loved... Related StoriesIt’s Data Privacy Day. Where […]
AICPA Communications
How your peers are moving digital transformation forward 2021-02-02
Millions of smaller organizations have used digital transformation to reinvent the way they work during the pandemic. The accounting profession is no exception. Fully 97% of respondents to an informal poll of AICPA and CIMA members in late fall 2020 said COVID-19 accelerated digital transformation in their organizations, firms and... Related StoriesTop audit challenges in 2021: […]
AICPA Communications
The most overlooked way leaders can relieve staff stress 2021-01-29
Most organizations are effectively helping their staffs cope during a time that has put even the strongest among us on edge. Some stress-relieving strategies include: moving to a four-day workweek, giving stipends for wellness coaches or classes and openly discussing mental health and better self-care with the staff. Job security... Related Stories6 wise choices to start […]
AICPA Communications
It’s Data Privacy Day. Where has your ID been? 2021-01-28
Your personal identification (ID) is just that, personal. Unfortunately, in today’s world, your ID could get compromised with everyday activities such as ordering food online or signing up for a new music service. To observe Data Privacy Day, the AICPA® Financial Literacy Commission encourages you to take a few steps... Related StoriesThis Valentine’s Day, talk money6 […]
AICPA Communications
Plan for your clients to get both PPP loans and the ERC 2021-01-14
New legislation from the Consolidated Appropriations Act, 2021 creates a chance for some of your clients to take advantage of both Paycheck Protection Program (PPP) loans and the Employee Retention Credit (ERC). Several changes specific to the ERC can provide an opportunity for additional relief for your clients. The significant... Related StoriesBusiness funding: A key new […]
Guest Blogger
Taxpayers are unaware of remote worker state tax liabilities 2021-01-05
During the COVID-19 pandemic, remote work has become common for many companies. What once was a relatively small percentage of remote workers has drastically increased. A recent survey found that many new remote workers are unaware of the potential state tax implications of working in a state or states different... Related Stories2021 busy season due dates […]
AICPA Communications
2021 busy season due dates can’t come soon enough 2020-12-21
“There is no terror in the bang, only in the anticipation of it.”– Alfred Hitchcock In a good year, CPAs fret over due dates. I’m a glass half-full type of guy, but there aren’t too many measures that could be used to call 2020 a good year. (I digress for... Related StoriesHow COVID-19 will affect states’ […]
AICPA Communications