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Top Cyberthreats Targeting Accounting Firms

(JofA) - Accounting firms face threats from cyberthieves using malware, phishing expeditions, and data theft to steal treasure-troves of client and financial information.


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Will The IRS Deny Tax Benefits To Traders Due To Covid? 
(Forbes) - As the virus spread in the U.S, millions of displaced Americans turned to trading. Some became active enough to qualify for trader tax status (TTS) benefits. However, will the IRS deny TTS to Covid-19 traders if they only carry on a trading business during the pandemic for a short time?

Despite Covid, Imports Increase Ahead of Holidays 
(CPA Practice Advisor) - Imports surged to unexpected high levels this summer and may have hit a new record as the U.S. economy continues to reopen and retailers stock up for the holiday season, according to the monthly Global Port Tracker report ...

The Best Video Doorbells for 2020 
(PC Mag) - The only bad thing about a video doorbell: The knock-knock jokes fall flat because you already know who's there. These are the best doorbell cameras we've tested for keeping tabs on your entryway

Why Employers are Passing on the Payroll Tax Holiday 
(USA Today) - It appears most plan to continue to collect and remit those taxes on behalf of their employees. “The biggest issue is who is on the hook,” said Matthew B. Hickey, chair of Crowe & Dunlevy’s taxation practice group.

Used Car Prices Goosing Inflation 
(Kiplinger) - Used-car price increases helped push the overall consumer price index up 0.4% in August, and 1.3% over the past twelve months. Used cars have been in demand because of shortages of new cars...

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