Rettig speaks; FASB on crypto; going public; and different highlights from our favourite tax bloggers.
Murky depths
- Procedurally Taxing (https://procedurallytaxing.com): Visitor blogger and tax lawyer Karen Lapekas examines why Commissioner Rettig referred to as out practitioners within the wake of media protection of recent Inner Income Service funding.
- Federal Tax Crimes (http://federaltaxcrimes.blogspot.com/): A have a look at the amicus briefs for Bittner, a case on the Supreme Court docket docket for this fall that may very well be large for American expats.
- Taxbuzz (https://www.taxbuzz.com/weblog): Guess what goes down when a senator’s youngsters write off the value of a personal airplane.
- Wolters Kluwer (https://www.wolterskluwer.com/en/options/tax-accounting-us/industry-news): Tentative selections in FASB’s latest assembly lined crypto property; bank cards, HELOCs and different revolving preparations with energetic borrowing privileges; commerce accounts receivable; and property not acknowledged at honest worth.
- Gordon Legislation (https://gordonlawltd.com/weblog/): Heaven is aware of M&A will be sophisticated — however the water will get rather a lot murkier when taxes are concerned. How tax concerns rely upon how a deal is structured.
- Henry+Horne (https://www.hhcpa.com/blogs/): The window tax goes all the way in which from 1696 to, if you consider it, trendy vitality credit.
- Palm Seashore Accounting and Monetary Companies (https://www.pbafs.com/weblog): 5 classes to take from massive lottery winners.
- Mauled Once more (http://mauledagain.blogspot.com/): Humorous how typically an injunction towards a misbehaving tax preparer is about as efficient as common bullets towards a vampire.
Good questions
- Summing It Up (http://weblog.freedmaxick.com/summing-it-up): Cyberattacks aren’t any small matter in M&A and enterprise valuation. This overview of its gravity additionally consists of what you need to ask your self about your individual operation earlier than any potential acquirer will get concerned.
- HBK (https://hbkcpa.com/insights/): An upcoming webinar will look at cybersecurity insurance coverage, together with tips on how to put together your observe for brand spanking new protection or a coverage renewal.
- Avalara (https://www.avalara.com/weblog/en/north-america.html): Good questions as you begin with shopper advisory providers embody what sort of shoppers work finest.
- Options for CPA Agency Leaders (http://ritakeller.com/weblog/): Many a younger CPA has determined to strike out on their very own and construct a agency. Many have completed it efficiently. Others, not a lot. Discover the fitting infrastructure from the start.
- Nationwide Affiliation of Tax Professionals (https://weblog.natptax.com/): This week’s “You Make the Name” seems at Sherri, 64, who’s close to retirement age however needs to proceed working. Her employer sponsors a high-deductible well being plan with an HSA. Though eligible for Social Safety and Medicare at 65, she heard that HSA contributions is likely to be prohibited or restricted if she enrolls in Medicare or retires. If Sherri retains working after turning 65, can she nonetheless take part within the employer-sponsored well being plan and an HSA?
Them’s the breaks
- Taxjar (https://www.taxjar.com/assets/weblog): November gross sales tax due dates.
- Sikich (https://www.sikich.com/insights/): Rising rates of interest are producing a bumper crop of pessimism within the agricultural sector.
- Do not Mess with Taxes (http://dontmesswithtaxes.typepad.com/): Remind them that the IRS remains to be attempting to distribute tax advantages to 9 million households which have but to say them, breaks within the type of COVID-19 financial impression funds out there because the RRC, the CTC and the EITC.
- AICPA Insights (https://www.aicpa.org/weblog): Typically public work does not crop up sufficient on CPAs’ radar, however these insights from authorities officers element why a profession in authorities ought to be thought-about.