In response to the global COVID-19 pandemic, the IRS took unprecedented actions this year to extend a wide variety of filing and payment deadlines. With offices across the country shut down, quarantines and shutdowns in effect, and many people sick, taxpayers and tax practitioners both needed the extra time. However, as the pandemic unfolded and […]

Nearly 70 percent of organizations that have furloughed or laid off their employees during the novel coronavirus pandemic plan to back-fill the roles that were eliminated with other employees taking over, according to a new survey, and nearly half (46 percent) of respondents in accounting and finance indicated that their department would definitely back-fill roles […]

The IRS on Monday issued the 2021 annual inflation adjustments for many tax provisions, as well as the 2021 tax rate tables for individuals and estates and trusts (Rev. Proc. 2020-45). These adjusted amounts will be used to prepare tax year 2021 returns in 2022. Many amounts will increase for inflation in 2021. The standard […]

FASB proposed an accounting standard Monday that would clarify an issuer’s accounting for certain modifications or exchanges of freestanding equity-classified forwards and options. The proposal would affect forwards and options (such as warrants) that remain equity classified after modification. Based on a consensus of FASB’s Emerging Issues Task Force, the proposal would provide guidance on […]

PITTSBURGH – In today’s economic climate, hoteliers are looking for ways to reduce costs across the board. To know where to cut, they must have the ability to access, view, compare, and dynamically analyze the performance data of their single hotel or multi-property, multi-branded portfolios. Without access to this vital information, operators may find themselves […]

MADISON (WKOW) — Since the pandemic began, Public Health Madison and Dane County (PHMDC) has identified more than 550 clusters of disease spread, accounting for more than a quarter of all cases. PHMDC defines a cluster as two or more cases associated with the same location, group, or event around the same time. During the […]

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ciLiving.TV Posted: Oct 23, 2020 / 03:23 PM CDT / Updated: Oct 23, 2020 / 03:23 PM CDT Danville, Ill (WCIA) Becky Albin, owner of Albin Accounting shares how she helps people in Our Town Danville with their taxes and maintaining their books. Here’s more from Becky: I know small businesses and how to help […]

ciLiving.TV Posted: Oct 23, 2020 / 03:23 PM CDT / Updated: Oct 23, 2020 / 03:23 PM CDT Danville, Ill (WCIA) Becky Albin, owner of Albin Accounting shares how she helps people in Our Town Danville with their taxes and maintaining their books. Here’s more from Becky: I know small businesses and how to help […]