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Accountants Helping Small Businesses During National Small Business Month

(Accounting Today) - Accountants have been aiding their small business clients who have been coping with the pandemic, assisting them during National Small Business Month with a variety of government aid programs. The U.S. Small Business Administration’s Paycheck Protection Program has provided a major opportunity for...


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Taxpayers are Seeking Answers About Missing Unemployment Insurance Tax Refunds 
(CNBC) - On May 14, the IRS announced that tax refunds on 2020 unemployment benefits would begin to be deposited into taxpayer bank accounts within the week. But 13 days later, the deposits still have not materialized for many, angering those who are counting on the funds.

Survey: Pandemic Speeded Up Tech Plans 
(Progressive Accountant) - Businesses dramatically accelerated the adoption of new technology, accord to Sage’s 2021 Return to Growth Outlook. The recently released survey of 1,000 SMB business leaders found that 52 percent accelerated their technology plans by three or more years.

New York State Budget Provides A Work Around To The Federal SALT Cap For Certain Business Entities 
(Forbes) -New York State legislature included a SALT workaround in the most recently approved budget passed on April 6, 2021. The Pass-Through Entity tax allows an eligible entity to pay New York State tax at the entity level while providing an individual a credit against their New York income tax.

Gas Prices are at a 7-year High, Just in Time for Memorial Day 
(CNN Business) - A nasty surprise awaits the 34 million drivers expected to hit US roads this Memorial Day weekend — the highest gas prices in seven years. And that could be the least of the problems for the those taking to the highways for summer vacations. The gas shortages experienced earlier this month when a key pipeline shut down could once again be on the horizon, according to experts.

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