As firms begin preparing for the busy season, what have we learned about hiring, training and working in a pandemic, and how can we prepare for the new normal?
As the country looks to make its choice between two decidedly different candidates, tax preparers are watching the race play itself out from a unique vantage point.
Accountants and tax professionals have been helping their small business clients deal with the economic fallout from the COVID-19 pandemic, shifting away from their routine compliance work after the end of the prolonged tax season.
Under the proposed regulations, amounts paid for DPC arrangements and HCSMs are treated as deductible medical expenses.
In the midst of a global pandemic, the gravitational pull toward digital transactions has been amplified.
In the wake of a global pandemic, everything is being re-thought.
Ask the average business owner if they have a tax shelter and they’d probably have a chuckle while wistfully thinking about how nice it would be to swim in crystal clear waters while their offshore bank accounts grew, unencumbered by state and federal taxes.
In light of this new global challenge, what do these businesses and their tax professionals need to consider?