Employment rose by 850,000 jobs in June, the U.S. Bureau of Labor Statistics reported Friday, including 2,800 jobs in accounting and bookkeeping, as the economic recovery strengthens. The unemployment rate ticked up one-tenth of a point to 5.9%, but the number of jobs added last month beat analyst expectations. Gains in the leisure and hospitality […]
Every Business Owner Needs a Financial Education
Accounting skills are extremely valuable as they can help save your business money. Free Book Preview Money-Smart Solopreneur This book gives you the essential guide for easy-to-follow tips and strategies to create more financial success. July 2, 2021 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find […]
AICPA Seeks Feedback On Proposed Updates To Broker-Dealer Accounting Guide – Accounting and Audit – United States – Mondaq News Alerts
United States: AICPA Seeks Feedback On Proposed Updates To Broker-Dealer Accounting Guide 02 July 2021 Cadwalader, Wickersham & Taft LLP To print this article, all you need is to be registered or login on Mondaq.com. The American Institute of Certified Public Accountants (“AICPA”) requested feedback on proposed changes to AICPA’s “Brokers and Dealers in Securities” Accounting Guide. […]
Last of the ‘Dirty Dozen’: Schemes peddled by tax promoters
In the fourth and final installment of this year’s IRS “Dirty Dozen” list, which highlights common tax-related scams, the IRS cautioned taxpayers to be on the lookout for schemes peddled by unscrupulous tax promoters, including syndicated conservation easements, abusive microcaptive insurance arrangements, and other abusive arrangements (IR-2021-144). Each year, the Service issues an advisory to […]
Is SIP a Mutual Fund? & 13 Common Myths about SIP Debunked
Is SIP a Mutual Fund? What is the difference between Mutual Funds Vs SIP? These were some of the questions I was asked by some one close to me and obviously not financially savvy. I think SIP or Systematic Investment Plan have been marketed so well by mutual funds that it has been misunderstood by […]
Bank information can now be updated on child tax credit portal
The IRS on Wednesday added a new feature to its Child Tax Credit Update Portal to allow individuals to update their bank account information in order to receive monthly advance child tax credit payments (IR-2021-143). The IRS says any updates made by Aug. 2 will be reflected in the scheduled Aug. 13 payment and subsequent […]
6 Business Estimate Facts in a 6-Minute Read
Want to let your customers know approximately how much a project’s going to cost them? If so, you need to know the ins and outs of creating a business estimate. But of course, you’re a busy business owner. You’d rather be creating the estimates and generating money than reading about them. That’s why we’ve put […]
11 Best Investments to get Monthly Income in India
Generating regular monthly income with low risk is a priority for many especially people who have retired or new entrepreneurs who need regular income until their business stabilises. In this post we list down 11 best investments which can help you generate your required monthly income with relatively low risk. Monthly Income Scheme from Banks […]
Verification in ITR – I further declare that I am making returns in my capacity as ….
After you fill up your income tax return forms, the last section asks for Verification. The statement reads as: Verification in ITR – What to fill in capacity I, (full name in block letters), son/ daughter of solemnly declare that to the best of my knowledge and belief, the information given in the return […]
Proposed bill to regulate tax preparers has AICPA support
The AICPA signaled strong support for a bill introduced in Congress last week that would authorize Treasury to regulate paid tax return preparers and mandate minimum competency standards. The proposed legislation has bipartisan backing and is sponsored by Reps. Jimmy Panetta, D-Calif., and Tom Rice, R-S.C. If enacted, the Taxpayer Protection and Preparer Proficiency Act, […]