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2021 Estimated Income Tax Rates and Tables

(CPA Practice Advisor) - Bloomberg Tax & Accounting has projected 2021 income ranges for each tax rate bracket. Income ranges for the tax brackets for married taxpayers filing jointly and for single taxpayers are shown below. Rate brackets for other filing statuses are ...


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Guidance on Handling Sales Tax When Temporarily or Permanently Closing a Business 
(Accounting Web) - Recognizing the rise in closed businesses, state tax authorities are starting to issue guidance on what businesses in these situations need to do to avoid sales tax fees and penalties.

When Businesses Fail or People Can’t Pay Bills, Liability Limits Can Save the Day 
(Kiplinger) - From LLCs to trusts, protections are here to help — not just companies and individuals, but our whole economy itself. So, anyone struggling in these trying times should be aware of their rights and new possibilities for recovery.

Fed Vows to Keep Rates Near Zero Until Inflation Tops 2% 
(USA Today) - The Fed's assertion is consistent with its new policy framework unveiled last month, which states that officials will no longer preemptively raise rates as unemployment falls to head off a potential spike in inflation.

Major Tax Software Vendor Crashes On Important Due Date 
(Forbes) - One of the major software vendors Wolters Kluwer had its CCH Axcess product go down meaning that its clients, the accountants could not electronically file returns due on September 15 for their clients.

Emerging Stronger Than Ever Guide

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