News & Tools
- Professional services tax proposals discussed in multiple states
- CPAs and the historic Paycheck Protection Program
- Coming together to advance Black CPAs
- Supreme Court lets health care law stand
- FASB proposes discount rate relief for nonpublic lessees
- AICPA, NASBA launch CPA Evolution Model Curriculum
- Top tax cases practitioners should know
- Online sign-up now available for advance child tax credit payments
- AICPA, CAQ support SEC’s exploration of climate change disclosures
- Delegation is the key to Sir Richard Branson’s success
- Pandemic still complicates going concern disclosures
- IRS posts ARPA credit FAQs
- Regs. on postponing tax deadlines due to federally declared disasters
- FinREC addresses EBP revenue recognition implementation
- What CPAs must do at the first financial planning meeting
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.