What is a Payroll Lookback Period for Forms 941 and 944 (CPA Practice Advisor
) - Do you know how often you need to deposit federal income, Social Security, and Medicare taxes? You canât deposit the taxes whenever you feel like. Your deposit frequency is based on a lookback period. So, what is a lookback period?
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IRS Updates Guidance on Business Expense Deductions for Meals and Entertainment (IRS) -These proposed regulations address the elimination of the deduction for expenditures related to entertainment, amusement or recreation activities and provide guidance to determine whether an activity is considered to be entertainment. The proposed regulations also address the limitation on the deduction of food and beverage expenses.
How CPAs Can Have a Stronger IT Infrastructure (Accounting Web) - CPA firms may no longer be able to resist investing in a stronger IT infrastructure as it becomes less beneficial to downplay or ignore the need for technological change.