TaxConnex

APRIL 29, 2021

S uppose you ’ re registered for sales tax in a jurisdiction because you have es tablished sales tax nexus. For various reason though, you don’t have any sales tax to remit. You may think that because you haven’t collected any sales tax, you have no return to file. ?. Wrong. Most s tates in which you’re registered want to hear from you even if you don’t have any sales tax to remit.

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GrowthForceBlog

APRIL 29, 2021

5 min read. Nonprofit grants are booming- and at a record rate. While grants fuel your nonprofit to do more good, if you don’t have proper processes in place, they also create additional work.

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ThomsonReuters

APRIL 29, 2021

QUESTION: We have heard that legislation on surprise medical billing revised the patient protections that apply to our group health plan’s emergency services coverage. How have the rules changed, and when do they apply? ANSWER: Coverage and disclosure requirements intended to protect consumers from surprise medical bills from nonparticipating providers and facilities were included in legislation passed in December 2020.

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RitaKeller

APRIL 29, 2021

“Chains of habit are too light to be felt until they are too heavy to be broken.” – Warren Buffett. I have said and written about the following things over and over again for YEARS! The sad part is I continue to observe that these basics of CPA firm management need to be implemented. FIRE CLIENTS who suck up more of your time trying to collect than you do with helping their business.

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ThomsonReuters

APRIL 29, 2021

IRS Webpage: Top Mistakes in Voluntary Correction Program (VCP) Submissions (Mar. 31, 2021). Available at [link]. The IRS has updated its webpage listing common mistakes in Voluntary Correction Program (VCP) submissions. VCP is one of three retirement plan correction programs under the IRS’s Employee Plans Compliance Resolution System (EPCRS) (see our Checkpoint article ).

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LyfeAccounting

APRIL 29, 2021

Let’s talk about tax brackets for 2021. Some things stayed the same, but we also saw a few changes in the brackets this year and we’ll be going over both in this post. What Stayed The Same in Tax Brackets 2021? This tax season , what are the things that remain unchanged? Well, the number of tax brackets did not change in 2021. T here are still a total of seven tax brackets.

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ThomsonReuters

APRIL 29, 2021

IRS Notice 2021-25 (Apr. 8, 2021). Available at [link]. The IRS has issued a notice clarifying when business expenses for purchasing restaurant food or beverages will qualify for waiver of the 50% deduction limit. Ordinarily, Code § 274(n) limits otherwise allowable deductions for food or beverage expenses to 50% of the expenses, subject to various exceptions.

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