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COVID-19 related relief impacts Form 941 tax filing effective June 30, 2020.The final version of the updated 941 and the instructions are available on the IRS site. Sage is finishing our preparation to support Form 941 in anticipation of updated IRS filing…
Questions and more questions…. My blog this month will cover several items in the news of late.
First, the IRS really wants to hire additional staff. In recent years, the IRS has been forced to implement both a hiring freeze and a stoppage of most overtime…
(Hint: Think accounting, not music!)
If you read my fixed assets management blog on this site (see Bonus Depreciation: Any Chance it will be Made Permanent? at http://sge.bz/1GhdYEO ), you will note the mention of “dynamic scoring.” Dynamic scoring…
Important info that may affect your 2014 tax return: Better late than never?
Just before the first filing deadline for 2014 business returns, the IRS has released a new Revenue Procedure 2015-20, which makes it easier for small businesses to comply…
Calendar Year
Yes, Congress finally passed the tax extender provisions, although only at the very end of 2014 and only for a year. (See my Year-End Tax Planning blog on this site at http://sagecity.na.sage.com/support_communities/sage_fixed_assets/b…
Most employers, as well as health insurers and health exchange marketplaces, must file certain information returns to demonstrate they have met the health coverage requirements under the Affordable Care Act (ACA). Recently, the IRS issued several new…
The FASB has been diligently working on creating new guidance for disclosures on financial statements. Their goal is to improve the effectiveness of the disclosures so they will more clearly communicate information needed by the readers. The FASB also…
This is the first of my new monthly blogs on general accounting issues of interest. I am a CPA with a career focused on corporate tax, with a wide range of experience from being a Vice President of Tax Preparation Services to a Depreciation/Tax Specialist…