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Child Tax Credit: New Portal for Opting Out of Advance Payments

(JofA) - A new IRS online portal lets taxpayers unenroll from receiving advance payments of the 2021 child tax credit.


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Most States to Treat PPP Loan Forgiveness as Nontaxable Income 
(CPA Practice Advisor) - Twenty-nine state tax departments responded they will follow the federal treatment of such forgiveness or cancellation under section 1160(i) of the CARES Act and will not treat these amounts as taxable income. An executive summary of the survey, which ...

Expect Sales Taxes to Proliferate Post-pandemic 
(Accounting Today) - Taxing jurisdictions are less anxious about revenue — but they’ll be more focused on sales tax than before.

Fed Chair Powell says it’s ‘very, very unlikely’ the U.S. will see 1970s-style inflation 
(CNBC) - Federal Reserve Chairman Jerome Powell acknowledged Tuesday that some inflation pressures are stronger and more persistent than he had anticipated, though still not on par with some of the worst episodes...

Maintain Quality of Work When Key Staff Leave 
(Accounting Web) - When staffers leave an accounting firm, essential processes and client information often go with them. What can a firm do to prevent this?

Payroll Relief case study

Find out how Matt Contardi and his team have more than tripled the number of payrolls they have processed in the last four years. READ HIS CASE STUDY


About AccountantsWorld

At AccountantsWorld, we value the crucial role that YOU play in core business services - accounting and payroll - just as much as you do.

That's why, since 2003, we've used the unprecedented power of the cloud to put you back in full control of your accounting and payroll services so you can best serve your clients, while raising your own firm's value and relevance. And we never sell our products or services directly to your clients.

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