Sun.Jul 11, 2021

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Revisiting the Employee Retention Tax Credit

RogerRossmeisl

The Employee Retention Tax Credit (ERTC) is a valuable tax break that was extended and modified by the American Rescue Plan Act (ARPA), enacted in March of 2021. Here’s a rundown of the rules for businesses that have considered revisiting the Employee Retention Tax Credit. Background Back in March of 2020, Congress originally enacted the ERTC in the CARES Act to encourage employers to hire and retain employees during the pandemic.

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Foreign Tax Credit vs Foreign Earned Income Exclusion

LyfeAccounting

So if you are working in a foreign country or you are investing in a foreign country, like in their stocks, and you are getting taxes like capital gains taxes… …then you’re going to want to learn about the foreign tax credit. So in this post, we’re going to discuss what the foreign tax credit is, break it down so we can easily understand it, and determine how to qualify for it.

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[07/11/21] The Sad State of Accounting

Baruch Lev

The Wall Street Journal reported (July 1, 2021) that the International Accounting Standards Board (IASB), the accounting body that sets the financial reporting rules of public companies in more than 140 jurisdictions ? but not in the U.S. — got a new chief: Mr. Andreas Barckow, who until now served in a similar role in Germany. Congratulations Mr. Barckow!

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