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IRS Issues Final Regs for 100% Bonus Depreciation

(CPA Practice Advisor) -The 100% additional first year depreciation deduction was created in 2017 by the Tax Cuts and Jobs Act and generally applies to depreciable business assets with a recovery period of 20 years or less and certain other property.



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We’re in the midst of an unprecedented crisis, one that will have an adverse impact on most accounting practices. But it doesn’t have to permanently damage your practice. You can not only bounce back from it but thrive for years to come - if you take it as a wake-up call to reinvent your practice. WATCH ON-DEMAND



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America’s Healthiest Community: Los Alamos County 
(US News and Business Report) - Home to a once-secret site for scientific research, the New Mexico county is No. 1 in U.S. News’ third annual Healthiest Communities rankings.


Survey: Remote Work Trend Will Continue 
(The Progressive Accountant) - Even after the pandemic ends, remote work will be far more common than in the past. A survey by OperationsInc, a human resource consulting firm, found that only 18 percent of respondents plan on ending their programs after the crisis fades.


Just Updated Your iPhone to iOS 14? Try These Features Now 
(How-to-Geek) - Apple’s yearly iPhone update, iOS 14, is finally here. As always, the free download adds a handful of new features, tweaks, and enhancements to iPhones old and new.


What Happens to a Business When a Shareholder Dies 
(Accounting Web) - Among the numerous issues LLCs might face, one that can't be forgotten is the death of a shareholder. What happens to the business when this occurs? Nellie Akalp of CorpNet outlines various scenarios and discusses how each one affects the company.


Apple CEO Impressed by Remote Work, Sees Permanent Changes 
(Bloomberg) - Cook said he doesn’t believe Apple will “return to the way we were because we’ve found that there are some things that actually work really well virtually.”


Emerging Stronger Than Ever Guide

We have all experienced an unprecedented crisis. But what if you could help your firm actually emerge stronger in the long run? The truth is, not only can you bounce back, but you can thrive for years to come - if you take this as a wake-up call to reinvent your practice. DOWNLOAD OUR FREE GUIDE




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