Starting and running your own business can be tough, even at the best of times. We’re proud, though, to introduce you to two franchisees’ who saw through 2020 with a refreshingly positive experience. Sumi Sivalingam of First Class Accounts in Doncaster, Victoria, and David Jennings of First Class Accounts in Albion, Brisbane, are both in […]

Tucked inside The American Rescue Plan signed into law earlier this month is a provision that makes forgiven student loan debt tax-free for the next five years. There is also a freeze on federal loan payments currently in effect. Now is the right time to review your finances and calculate where you might realize new […]

Nurses talk in front of the 28 de Agosto Hospital in Manaus, Amazon State, Brazil, on January 14, 2021, amid the novel coronavirus, COVID-19, pandemic. MICHAEL DANTAS | AFP | Getty Images Gov. Andrew Cuomo said on Saturday that a more contagious Covid-19 variant, originally identified in Brazilian travelers, has now reached New York. The strain was […]

Gas prices are displayed at a Speedway gas station on March 03, 2021 in Martinez, California. Justin Sullivan | Getty Images One of the main reasons Federal Reserve officials don’t fear inflation these days is the belief that they have tools to deploy should it become a problem. Those tools, however, come with a cost, […]

BRUSSELS, BELGIUM – DECEMBER 16: European Commissioner Thierry Breton. Anadolu Agency | Anadolu Agency | Getty Images LONDON — The European Commission, the executive arm of the EU, proposed Friday a new set of start-up standards for member states to adopt as the bloc seeks to play catch-up with the U.S. and China. The EU […]

First-time claims for jobless benefits showed an unexpected jump higher to 770,000 as the labor market tries to recover from the Covid-19 pandemic that sent more than 22 million Americans to the unemployment line a year ago, the Labor Department reported Thursday. Economists surveyed by Dow Jones had been looking for a total of 700,000 […]

  Going digital in business doesn’t have to be a daunting task. With the current focus on a change in tax record-keeping obligations to encompass all things digital plus the need for businesses to adapt to a new era in the way they operate, going digital is more important than ever. The virtual world that […]

A condition attached to $350 billion in relief for state and local governments by the American Rescue Plan Act (ARPA), P.L. 117-2 — that states may not use the money to offset their own tax reductions — may prove problematic, and is perhaps unconstitutional, tax practitioners said. ARPA’s Coronavirus State Fiscal Recovery Fund appropriates $220 […]

Taxpayers urgently need guidance on Paycheck Protection Program (PPP) loan forgiveness issues, the AICPA has told the IRS, and the AICPA has made recommendations proposing solutions to those issues. The proposed solutions came in a letter sent March 15 from the AICPA Tax Executive Committee to two members of the IRS Chief Counsel’s office, asking […]

How business recovers from COVID-19 will depend on a number of factors. As business owners look to operations after COVID-19, there are some important business questions to ask. These questions will help you determine what adaptations you want to keep, whether your business model is working, and if there are additional changes you want to […]