Everyone keeps telling me I need to move on. But I don’t think I can, nor do I think the conservative movement can. For the past four years, a largely anonymous group on the internet has been seeding a global conspiracy that claimed an international group of child sex traffickers was scheming with the American […]
Business Advisor & Accounting Manager – Charlotte Agenda
Fisher, P.A. Certified Public Accounting Firm was established to provide efficient, expert solutions for both businesses and individuals. We measure our success by the success of our clients and the success of our team at Fisher, P.A. Through positive teamwork and leadership, we cultivate an environment of integrity, care and respect allowing us to focus […]
BSU accounting students to offer free tax services – Bemidji Pioneer
BEMIDJI — BSU business and accounting students are volunteering their time and services as a part of the Internal Revenue Service’s Volunteer Income Tax Assistance (VITA) program to offer free tax assistance. The VITA program, held virtually this year due to the COVID-19 pandemic, offers free tax help to people who generally make $57,000 or […]
6 tips for CPAs on newest round of PPP funding
Business leaders and the CPAs who serve them will need to use a variety of strategies all at once as they pursue economic support in the newest round of Paycheck Protection Program (PPP) funding. Borrowers will need to be aggressive, as the AICPA has mentioned, to get applications filled out in a timely fashion. They […]
12 Must-know Questions to Ask an Accountant
As a business owner, you do it all. But when it comes to your finances, it may be a good idea to consult an accounting expert for help—especially if you’re just starting your venture. An accountant can assist with tracking and analyzing your finances and keeping your records up-to-date and accurate. But, it all starts […]
Partner capital account reporting gets transition penalty relief
The IRS provided transition penalty relief Tuesday to partnerships in complying with new rules for reporting partners’ capital account balances. The relief in Notice 2021-13 follows up on Notice 2020-43, issued in June 2020, in which the IRS sought public comments to help inform its development of the rules. Then, in October, the IRS issued […]
Budgeting advice for accountants for 2021 – Accounting Today
Given the turbulence of the past year, agility should be at the forefront of our minds when building a budget and strategy for 2021. Business owners need to be prepared to navigate the continued uncertainty. The ability to pivot in an unpredictable business environment will be essential this year, and with revenue assumptions changed across […]
Budgeting advice for accountants for 2021 – Accounting Today
Given the turbulence of the past year, agility should be at the forefront of our minds when building a budget and strategy for 2021. Business owners need to be prepared to navigate the continued uncertainty. The ability to pivot in an unpredictable business environment will be essential this year, and with revenue assumptions changed across […]
Updated PPP loan forgiveness applications and rules unveiled
The US Small Business Administration (SBA) and Treasury on Tuesday published updated Paycheck Protection Program (PPP) loan forgiveness guidance and forms, including a one-page application for borrowers that received a PPP loan of $150,000 or less. That form, called the PPP Loan Forgiveness Application Form 3508S, can be used by borrowers that received a PPP […]
Some individual taxpayers get relief from underpayment penalty
Certain individuals will not be subject to the Sec. 6654 penalty on the underpayment of estimated income taxes if the underpayment is solely attributable to the recent repeal of the excess business loss limitations, the IRS announced on Tuesday (Notice 2021-8). Sec. 461(I)(1)(B), which was amended by the Coronavirus Aid, Relief, and Economic Security (CARES) […]