News & Tools
- Accounting estimates and disclosures addressed in new auditing standard
- FDII and GILTI regulations finalized
- How to report coronavirus paid sick leave and family leave to employees
- FASB proposes delay of insurance standard effective date
- New audit evidence standard recognizes evolving nature of business
- 2020 depreciation limits for cars and trucks are issued
- EIDL pandemic assistance facts for CPAs
- Strategies for CPAs to encourage positive changes in diversity
- Be the kind of boss employees want to work for
- A 6-point security checkup for working from everywhere
- SBA, Treasury release names of some PPP recipients
- Consolidated groups get NOL guidance
- GASB issues pandemic-related accounting guidance
- Nellen to ENGAGE CPAs in untangling CARES Act quandaries
- The art of the client email
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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.