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Recent updates and the latest guidance for the CPA Profession

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IRS Requires Disclosure of Cryptocurrency Transactions on Taxes

IRS Requires Disclosure of Cryptocurrency Transactions on Taxes

TokenTax | June 11, 2020

The IRS is increasing crypto reporting requirements and scrutiny. In mid-2019, the Internal Revenue Service (IRS) sent crypto tax letters to potential Bitcoin and other cryptocurrency......

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Important Updates: Paycheck Protection Program

Important Updates: Paycheck Protection Program

CPAdirectory | June 04, 2020

The past few months have been tough on small businesses across the country. Fortunately, the Paycheck Protection Program (PPP) under the CARES Act is still......

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Confidence for a Dynamic Future: What’s Next?

Confidence for a Dynamic Future: What’s Next?

Thomson Reuters | June 02, 2020

The COVID-19 pandemic has brought major disruptions to nearly every aspect of life, with further impacts yet to be felt. For tax and accounting firms,......

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How Accountants Work From Home Successfully

How Accountants Work From Home Successfully

Thomson Reuters | May 26, 2020

Can accountants work from home?The short answer: Yes!Remote tax and accounting work is on the rise. Even before the COVID-19 pandemic, CPA firms had begun......

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IRS Provides Phone Number To Call Regarding Stimulus Checks

IRS Provides Phone Number To Call Regarding Stimulus Checks

CPAdirectory | May 26, 2020

On May 18, 2020 the IRS announced that it would be adding telephone services to support answering questions regarding Economic Impact Payments (Stimulus Checks).This is......

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What Are Group Life Plans?

What Are Group Life Plans?

Business Planning Group | May 18, 2020

Group life plans provide insurance solutions that also have unmatched tax advantages and investment security for both employers and employees.  There are multiple parts to a complete......

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Why you should create a My Social Security account today

Why you should create a My Social Security account today

Registered Social Security Analysts (RSSA) | May 07, 2020

The Social Security Administration has a free online tool called My Social Security. With this online app you can create a free personalized account, providing you......

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Will Social Security Exist In The Future? The OASDI Trust Funds Explained

Will Social Security Exist In The Future? The OASDI Trust Funds Explained

Registered Social Security Analysts (RSSA) | May 06, 2020

On April 22, 2020 the Social Security Board of Trustees released its annual report, sharing its findings regarding the long-term financial status of the Social......

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This Software Tool Helps Accountants With Bitcoin Tax Calculations

This Software Tool Helps Accountants With Bitcoin Tax Calculations

CryptoTrader.Tax | May 04, 2020

Bitcoin and other cryptocurrencies have become increasingly popular over the past few years. The rise in popularity has brought intensified scrutiny from government bodies including......

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Don’t Worry, Stimulus Checks Are Not Taxable

Don’t Worry, Stimulus Checks Are Not Taxable

CPAdirectory | April 24, 2020

On Friday March 27, 2020 the President signed the $2 trillion CARES Act, H.R. 748. One of its many significant provisions is the distribution of......

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