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How Are Public Accounting Salaries Stacking Up for 2021?

(Going Concern) - Of the five positions each under “tax services” and “audit/assurance services” in Bob’s 2021 guide, not a single one had a starting salary that was projected to increase by 1% this coming year.



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Tax Court Waives Early Withdrawal Penalty in Convoluted New Case 
(Accounting Web) - Generally, taxpayers are cautioned against making early withdrawals from their retirement accounts, due to the hefty penalties associated with doing so. However, one individual whose case went before Tax Court did just this and argued she shouldn't be charged a fee, with mixed results.


With Stimulus Talks Stalled, Small Businesses Put Hope in Long-Term Loan Programs 
(Inc.) - Businesses in industries decimated by the pandemic say the Paycheck Protection Program helped, but it's not nearly enough.


IRS to Send Letter to 9 Million Non-Filers Who Didn't Get Coronavirus Stimulus 
(CPA Practice Advisor) - The letters are being sent to people who haven’t filed a return for either 2018 or 2019. Based on an internal analysis, these are people who don’t typically have a tax return filing requirement because they appear to have very low incomes, based on ...


FTC Probes Intuit Over Suspicions It Diverted TurboTax Users From Free Filing 
(Forbes) - The Federal Trade Commission is investigating Intuit over allegations it deliberately diverted eligible TurboTax users away from free filing options through deceptive marketing.


Report Alleges More Than $1 Billion In Bad PPP Loans As Feds Make Another Arrest 
(Forbes) - According to the Department of Justice, based on representations, each lender funded the three businesses with approximately $3 million in PPP loans. As a result, the complaint alleges that Choi received a total of nearly $9 million.


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