The Senate has begun deliberations over a bipartisan plan to provide $550 billion in new spending for a wide range of infrastructure projects, including roads, bridges, public transit, broadband, and the electrical grid. The good news is that lawmakers avoided raising taxes to cover the cost of the new spending and instead used some reasonable
0 Comments
A warning from the Securities and Exchange Commission about accounting for the warrants used by special purpose acquisition companies has prompted hundreds of them to issue financial restatements. SPACs, also known as blank-check companies, have become an increasingly popular way for companies to go public by merging a privately held business with a shell company
0 Comments
Cavan Images | Cavan | Getty Images Covid-19 prompted many women to leave the workforce. That’s because many women were forced to choose between working and taking care of their children and families amid a pandemic often opted for the latter. The difference in earnings and career prospects can be seen immediately. And it could
0 Comments
With 2021 marking the centennial of the first Black person to become a CPA, three leaders whose organizations focus on promoting the advancement of Black CPAs came together to offer insights on where the accounting profession stands on diversity and where it needs to go. A lack of exposure to the profession and all it
0 Comments
Starting next year, firms will need to amortize their research and development (R&D) expenses over five years rather than immediately deduct them from taxable income, a policy change designed to raise federal tax revenue in the short term. As policymakers decide on the future of this scheduled tax change, one option would be to delay
0 Comments
If you buy something through our links, we may earn money from our affiliate partners. Learn more. If you’re concerned about taking a tax hit when you sell your business, get a business valuation done. The business valuation is an appraisal that can help you set your price. It can also help you estimate the
0 Comments
This map shows state gas tax rates as of July 2021, using recently released data from the American Petroleum Institute. States levy gas taxes in a variety of ways, including per-gallon excise taxes collected at the pump, excise taxes imposed on wholesalers (which are passed along to consumers in the form of higher prices), and sales taxes that apply
0 Comments
People line up outside a newly reopened career center for in-person appointments in Louisville, Kentucky, U.S., April 15, 2021. Amira Karaoud | Reuters There’s good news for some who claimed unemployment benefits in 2020. The IRS is sending another 1.5 million refunds to people who were taxed on unemployment income last year before a portion
0 Comments