AccountantsWorld Daily News | Everything We Know About The New Child Tax Credit So Far (Forbes) - As with all new legislation, there are a lot of moving parts. From determining income requirements to who is a qualifying child, it is a dizzying array of details to determine which taxpayers will be allowed to take the credit. |
| | IRS Extends Penalty Relief for Pandemic Payroll Credits (JofA) - The relief applies to employers who are required to pay qualified sick leave wages and qualified family leave wages, and qualified health plan expenses allocable to these wages.
| Retail Sales Explode in March as Consumers Use Stimulus Checks to Spend Heavily (CNBC) - Sporting goods, clothing and food and beverage led the gains in spending and contributed to the best month for retail since the May 2020 gain of 18.3%, which came after the first round of stimulus checks.
| Quiz: More Deduction Limitations for Business Meals and Entertainment (JofA) - Test your knowledge of the rules for deductibility for business-related food and beverages and/or entertainment and how much, if any, of a given expenditure can be claimed as an ordinary and necessary expense of conducting a trade or business under Sec. 162.
| West Virginia Lures Remote Workers with $12,000 Cash (USA Today) - Attention, digital nomads: Love the outdoors? How does free access to world-class rafting, kayaking, hiking, mountain biking, skiing and other activities sound? Could you use $12,000 for a down payment on a house or to put a dent in your student loans?
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| | | No other cloud-based system matches Accounting Powerâs capabilities and speed for after-the-fact write-up work. In addition to heads-down data entry, Accounting Power includes a bank feeds feature that downloads credit card and bank transactions. Using the bank feeds feature, you can reduce data entry by 70%-80% and spread your write-up work throughout the year to reduce your tax time crunch. LEARN MORE
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At AccountantsWorld, we value the crucial role that YOU play in core business services - accounting and payroll - just as much as you do. That's why, since 2003, we've used the unprecedented power of the cloud to put you back in full control of your accounting and payroll services so you can best serve your clients, while raising your own firm's value and relevance. And we never sell our products or services directly to your clients. |
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