News Expenses & Deductions By Sally Schreiber, J.D. The IRS released guidance on Thursday explaining when the temporary 100% deduction for restaurant meals is available and when the 50% limitation on the deduction for food and beverages continues to apply for Sec. 274 purposes (Notice 2021-25). Under Sec. 274(n)(1), a deduction for any expense for […]
Archives for April 2021
Best FCNR Deposit Rates for US Dollars ★ April 2021
FCNR Deposit (Foreign Currency Non Resident) account is a fixed deposit account offered by banks in India to non resident Indians (NRIs) and is operated in foreign currency. These are quite popular investments for NRIs because of the higher interest rate offered by banks in India as compared to their country of residence. For e.g. […]
Bill to postpone estimated tax due date to be introduced in Congress
On Thursday, Rep. Lloyd Smucker, R.-Pa., announced he will introduce a bill that would postpone the due date for first-quarter 2021 estimated tax payments from April 15, 2021, to May 17, 2021. The estimated tax due date would then match the due date for 2020 Forms 1040, U.S. Individual Income Tax Return, which the IRS moved […]
Cloud technologies necessary to ride wave of economic growth for accounting practices – AccountantsDaily
Over the past 12 months, accounting practices have been on a tremendous journey, navigating their way through the uncharted territory of a global pandemic, while managing unprecedented complexity and risk in an ever-changing regulatory environment. Accountants worked tirelessly, with many taking on the role of counsellor, not only providing advice in a volatile and ever-changing […]
Scottish Friendly CEO Galbraith dies
Scottish Friendly CEO Jim Galbraith has died after over 30 years at the mutual. Tributes have poured in for the much respected CEO who became chief executive in January 2017 after a period as deputy chief executive. His role at the Glasgow-based mutual will be taken by the current deputy chief executive Martin Pringle, the […]
Azure Functions Weakness Allows Privilege Escalation
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Buildings can be key to a sustainable future – but first, business models need to change
The World Economic Forum was right to say in a post this month that buildings could be the key to building a sustainable society post-pandemic. The built world is, after all, responsible for 40% of all global energy consumption and 33% of greenhouse gas emissions. But, says Tom Harmsworth, managing director UK at WeMaintain, this demands a […]
Increase Efficiency With a Routine Supplier Evaluation
As a business owner, you likely evaluate your employees’ performance from time to time. But, your employees aren’t the only ones you should be assessing. If you have suppliers you go to for inventory and materials, you need to evaluate their performance, too. To learn more about supplier evaluation and how to evaluate a supplier, […]
Why Copper is Crushing Gold
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Kitces & Carl Ep 57: Transitioning “Good” Clients Who Simply Can’t Be Served Profitably
Executive Summary If there’s one thing that just about every financial advisor can agree upon, it’s that surviving the first few years in the advice business is very difficult. As a result, there’s a natural tendency for newer advisors to not be terribly picky about who they take on as clients, as getting any new […]