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In these uncertain times, clients often ask their accounting professional to provide definitive advice on how to plan ahead for 2020 and future years. What's the best way to respond?

source: AccountingWEB

A state tax credit to encourage Pennsylvanians to donate their bone marrow hasn’t been used once in the more than five years since it was signed into law. Another credit, which encourages tech startups to locate near universities,...

source: Bucks County Courier Times

After GOP lawmakers and the Trump administration slashed the corporate income tax rate from 35% to 21% two years ago, corporate tax revenue as a share of gross domestic product is lower in the United States than any of 30 developed countries — with the exception of...

source: Roll Call

The OECD is preparing to ask the Group of 20 finance ministers for an endorsement of its plans for a global tax overhaul estimated to bring in roughly $100 billion annually. The Organization for Economic Cooperation and Development...

source: Bloomberg Tax

On Feb. 10, 2020, Trump unveiled his budget proposals for the 2021 fiscal year. Among other noteworthy items, including more resources being funneled to the IRS, the president is advocating an extension of individual tax provisions in the Tax Cuts and Jobs Act that are...

source: CPA Practice Advisor

The number of tax refunds issued so far this tax season is down almost 5% compared to 2019, an indication that many Americans didn’t withhold enough from their paychecks and could face bills from the IRS. The IRS issued more than 10.8 million tax refunds through the...

source: Accounting Today


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