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Archives for December 2020
25 Wealth Creation Stocks by Motilal Oswal for Next 25 Years
Long term investment in the stock market helps in creating wealth. The stock market investors are always looking for stocks that can help them in generating long term wealth. Leading stock broking firm Motilal Oswal has conducted research and released wealth creation report. The name of report is 25th wealth creation study report. The wealth […]
Simplified accounting rules for small businesses allow annual election
The IRS on Wednesday finalized updates to various tax accounting regulations to adopt the simplified tax accounting rules for small businesses enacted by the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97. The regulations (T.D. 9942) finalize proposed regulations issued in July (REG-132766-18) with a few changes in response to comments, […]
AICPA tax policy and advocacy recommendations deliver results in 2020
This year, the AICPA’s tax advocacy efforts were focused on helping the profession and taxpayers in various areas of tax administration and tax policy. As the coronavirus pandemic gripped the world, the AICPA focused on issues that benefited tax practitioners and taxpayers, while advancing the profession as a whole. Tax administrative filing, payment, penalty, and […]
Financial fraud risks to watch for amid the pandemic
The precise effect the COVID-19 pandemic is having on financial fraud may take time to sort out — regulatory enforcement actions against accounting violations can take years to piece together. But some forensic accounting specialists said during a session at the AICPA Conference on Current SEC and PCAOB Developments that fraudulent reporting trends from recent […]
Coronavirus Stimulus 2.0: Analysis & Planning Opportunities In The Consolidated Appropriations Act of 2021
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Guidance for single audits provided in OMB compliance addendum
Practitioners who perform single audits received some deadline relief Tuesday along with important information needed to complete their engagements. New guidance on single audits was issued Tuesday by the Office of Management and Budget (OMB) in the form of an addendum to the 2020 OMB Compliance Supplement. Due to the late issuance of audit guidance […]
How to Increase business by motivating your sales team?
You can increase your business by motivating your sales team. Motivated sales team brings more business. If you are facing challenge of retaining your manpower especially sales team this post is for you. In this post, I will share proven ideas to motivate your sale team without spending money. There are two ways to motivate […]
LoRaWAN will temporarily replace 5G networks for IoT
5G networks will revolutionise the Internet of Things (IoT). But it will take several years for the technology to cover most of the planet. Thanks to LoRaWAN, you don’t need to wait, says Sergiy Seletsky, IoT practice leader and senior solution architect at Intellias. According to Gartner, around 5.8 billion enterprise and automotive IoT endpoints […]
2021 standard mileage rates decrease
The optional standard mileage rates for business use of a vehicle will decrease once again in 2021 after increasing significantly in 2019, the IRS announced in Notice 2021-02. For business use of a car, van, pickup truck, or panel truck, the rate for 2021 will be 56 cents per mile after decreasing to 57.5 cents […]