Lesson from the Tax Court: Payments v. Deposits (TaxProf Blog) - The only thing worse than overpaying ones tax liabilities is not realizing one has overpaid until it is too late to get the overpayment refunded. Section 6511 requires taxpayers to ask the IRS for refunds of overpayments within the later of: (1) three years after the relevant return was filed; or ...
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Critical Audit Matters: What Firms are Reporting (JofA) - Some important themes are emerging in auditorsâ reporting of critical audit matters, which are the key component of the biggest change to public company auditor reporting in 70 years.
Multifamily Starts Skyrocket in August (Kiplinger) - The increase was led by multifamily construction, but single-family starts also posted a strong gain. The latter rose 4.4%, while multifamily starts jumped 32.8%.
Small Business Job Growth Rebounds in September; Wage Growth Also Increases (CPA Practice Advisor) - Job growth increased in September, as did hourly and weekly earnings growth, according to the latest Paychex | IHS Markit Small Business Employment Watch. At 98.22, the national jobs index experienced its largest gain in three years (0.21 percent), breaking with recent trends;