News & Tools
- ASB extends comment period for quality management ED
- How hiring practices have shifted as a result of the pandemic
- AICPA recommendations on Q1 estimates and 2020 Form 709 extensions
- Shuttered Venue Operators Grant program closes for repairs on its opening day
- IRS explains which meals qualify for temporary 100% expense deduction
- Bill to postpone estimated tax due date to be introduced in Congress
- PCAOB's 2021 inspections target pandemic concerns, predictability
- How to claim the employee retention credit for the first half of 2021
- GAO: Guidance for single audits should be more timely, responsive
- Members of Congress request estimated tax deadline postponement
- IRS to automatically issue refunds on tax-free unemployment benefits
- FASB provides goodwill triggering relief for private companies, not-for-profits
- IRS provides details on April 15 postponement
- PCAOB establishes new advisory group for standard setting
- NOCLAR: Proposals aim to help CPAs find the right balance
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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.