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Hobby Case Decision: Tax Court Halts Horse Roping Deductions

(Accounting Web) - The Tax Court is littered with cases where taxpayers try to deduct expenses relating to personal pursuits as business expenses. The IRS does not always agree with the write off.


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IRS Updates COBRA Guidance for Employers 
(Accounting Today) - The American Rescue Plan provides a temporary, 100% reduction in the premium that individuals would have to pay when they elect COBRA health coverage following a reduction in hours or an involuntary termination of employment....

12 Great Employee Perks That Will Make You Jealous 
(Inc.) - Inc.'s first-ever Best Benefits Awards honor companies that went above and beyond to build a more supportive culture.

The Fed Hinted It Could Reconsider Easy Policies 
(CNBC) - Federal Reserve officials at their April meeting said a strong pickup in economic activity would warrant discussions about tightening monetary policy, according to minutes from the session released Wednesday.

Making Audits More Effective Through Data Visualization 
(JofA) - Charts, dashboards, and other visuals can help practitioners spot trends and explain results to their clients.

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