News & Tools
- COSO provides new guidance on risk appetite
- Premium tax credit unaffected by personal exemption decrease to zero
- PPP forgiveness guidance issued as Congress mulls changes
- IAASB addresses pandemic issues in audit practice alert
- What to do with your stimulus check
- SEC amends disclosure rules for acquisitions and disposals
- AICPA Council supports advancement of new CPA licensure model
- HSA contribution limits increase for 2021
- FASB delays revenue recognition effective date for private companies
- Essential documents clients must update during COVID-19
- IRS mobilizing 3,500 phone operators to answer stimulus questions
- Tips for audit committees during the pandemic
- SBA releases PPP forgiveness form but AICPA urges more detail
- Quiz: Are you ready to audit during the pandemic?
- SBA allows increased PPP loans to partnerships, extends safe harbor to May 18
Business Owner
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Accounting News
Retaining Tax Information and Records
Retaining and storing your income tax information and records is an important final step of your tax filing responsibility. This article contains information on the rules for keeping your tax records.
Working May Decrease Your Social Security Benefits
Many taxpayers currently underemployed due to recent economic conditions may consider applying for social security retirement benefits earlier than they previously planned to supplement their income. But, continuing to work while receiving those benefits may cause their benefits to be reduced below the anticipated amount.
Traditional to Roth IRA Conversions
Four years ago, the Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA) relaxed some restrictive rules preventing many taxpayers from converting a traditional IRA to a Roth IRA, but this favorable change was not effective until 2010.