The Social Security Administration transmitted the necessary information to the IRS so it can begin sending Economic Impact Payments to nearly 30 million beneficiaries after an ultimatum from Congress. | IRS expands unemployment tax exclusion to more taxpayers | | By Michael Cohn 3 min read | | The Internal Revenue Service has changed the calculation for determining the $10,200 exclusion on unemployment benefits in the new pandemic relief package, allowing more taxpayers to qualify, but forcing tax software developers to update their programs. | |
| SPONSOR CONTENT | | Advances in Technology | | Learn about top technology innovations advancing the accounting community. | |
| More accounting firms embrace office space reduction: AICPA survey | | By Sean McCabe 2 min read | | The 2021 Q1 AICPA Economic Outlook Survey found that while the vast majority of accounting businesses plan no reduction in their office space over the next year, a growing number said they would reduce their space by at least 10 percent as a result of the pandemic. | |
| WEB SEMINAR | | ASC 842 – it’s time to get ready | | During this webinar, our experts discuss the first step toward leasing automation and how to go beyond spreadsheets to meet your compliance goals quickly. | |
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