The Consolidated Appropriations Act, 2021 (CAA 2021) became law on December 27, 2020, and among many other things, provided for a second round of potentially forgivable Paycheck Protection Program loans to small businesses that were financially impacted by the effects of the pandemic.
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Charitable Contributions Involving Foreign Charities
The charitable deduction is allowed only for a contribution made to or for the use of an organization formed in the United States or one of its possessions. Therefore, a contribution made to a charitable organization created or organized under the laws of a foreign country is not deductible.
New to QuickBooks? Try These 5 Activities
QuickBooks can be overwhelming when you first start using it. Here are five ways to familiarize yourself with some of its features to get you up and running in no time.
5 Resolutions QuickBooks Online Users Should Make for 2021
New year, new challenges, and the potential for new successes. Here are five ways you can improve your financial management in 2021.
Remote Auditing Challenges and How to Overcome Them
Gathering sufficient audit evidence in a remote audit environment is requiring auditors to be creative and to implement new techniques. Physical examinations, inspections, and observations are still required by auditing standards. Also, the auditor is still required to develop an understanding of the controls pertaining to the major transaction cycles and accounting processes, perform fraud… Continue reading Remote Auditing Challenges and How to Overcome Them
KRD Makes Finalizing Your Tax Return Easy, Safe, & Convenient
Using a program called SafeSend Returns to electronically deliver tax returns, KRD streamlines the process of finalizing federal and state returns. Here’s how it works.
CARES Act: Charitable Giving Changes Due to COVID-19
COVID-19 has presented unique opportunities for charitable giving for the 2020 tax year, which has been addressed in the new Corona Virus Aid, Relief, and Economic Security (CARES) Act.
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Deferring Payroll Tax Payments – Tips & Guidelines
The payroll tax deferral provision for employers was authorized by the CARES Act passed in March.
Moving in the Right Direction
Family Owned Relocation Business Capitalizes on Storied Past to Ensure a Successful Future.