News & Perspective

Coalition wants change for PPP loans. With all the talk that large companies were getting the bulk of the Paycheck Protection Program loans, other criticisms have been forthcoming also. One has been that the way the pay calculation is made is not ... Read More

    Stealth bailout gives millions to big oil. As it headed toward bankruptcy, Diamond Offshore Drilling Inc. took advantage of a little noticed provision in the stimulus bill Congress passed in March to get a $9.7 million tax refund. Then it aske... Read More

Advocating in wake of Wayfair decision. The Association of International Certified Public Accountants addressed two separate tax issues at important forums, advocating for small businesses in the wake of the Wayfair decision and discussing the tax... Read More

Virus employer tax credits form. The IRS issued a new form and instructions,  irs.gov/pub/irs-pdf/i7200.pdf  for employers to use to obtain advance payments of three tax credits that were created to help businesses cope with the coronavirus pandem... Read More

Delayed mortgage payment anxiety. Americans struggling to pay their mortgages because they've lost a job or income during the coronavirus pandemic can put off that bill for up to a year to the CARES act. But while the measures should be creating a... Read More

Executive compensation limits. In drafting these proposed regulations, The Treasury Department and the IRS have considered all comments received on the notice. Commenters noted that the many examples in Notice 2018-68 were helpful in illustrating ... Read More

Digital tax will boost states revenues. The OECD has presented economic analysis on the potential impact of what it has proposed on international tax reform to address the digitalization of the economy. The OECD has said that the changes would hav... Read More

Twelve expenses you should not claim. No one wants to pay more than he or she has to in taxes. Fortunately, numerous deductions and credits can help lower your tax bill. However, don't make the mistake of trying to claim one of the these expenses ... Read More

Bloombergs tax plan explained. As part of President Trump's signature legislation--the Tax Cuts and Jobs Act--the top rate on ordinary income--things like wages, business income, and interest income, was reduced from a high of 39.^% to 37%. Of cou... Read More

Earned income credit should be used. The earned income credit is designed to act as a cash infusion to low income families. In fact, some experts have called it "One of the largest and most studied antipoverty programs in the United States." Yet f... Read More