BLog-News-updates
Accounting News
All taxpayers now eligible for Identity Protection PINs
WASHINGTON – The Internal Revenue Service today expanded the Identity Protection PIN Opt-In Program to all taxpayers who can verify their identities. The Identity Protection PIN (IP PIN) is a six-digit code known only to the taxpayer and to the IRS. It helps prevent...
CPAmerica Special Report: Consolidated Appropriations Act 2021
For a printable version of this document, click here.
TAX UPDATE: Consolidated Appropriations Act
Craig Swindlehurst CPA, Senior Tax Manager at Larson & Company, specializes in tax planning and preparation for individuals,...
2021 changes to Paycheck Protection Program second draw
At the end of 2020, Congress passed, and President Trump signed, a new law that provides for additional relief related to the coronavirus (COVID-19) pandemic. This law, the Consolidated Appropriations Act, 2021 (CAA, 2021), includes a second draw of Paycheck...
Utah State Tax Commission Has Started Sending Corrected Billing Notices
The Utah State Tax Commission (USTC) has found a number of erroneous penalty and interest assessments sent for the 2019 tax year. An estimated 13,000 out of 1.5 million tax returns has received an inaccurate billing statement, including returns filed and taxes paid...
SAPWG Adoptions from the 2020 Fall NAIC Meeting
The Statutory Accounting Principles Working Group (SAPWG) met virtually as part of the NAIC fall meeting. As a result of the meeting, the following items were adopted and will be effective as of the dates noted. We have compiled them below to help you see how they may...
SAPWG Exposure Drafts from the 2020 Fall NAIC Meeting with Larson Commentary
The Statutory Accounting Principles Working Group (SAPWG) met virtually as part of the NAIC fall meeting. As a result of the meeting, the following items were presented as exposure drafts and have comment deadlines as noted. We have compiled them below along with...
Taxpayers: Choose a Tax Preparer Wisely
As taxpayers get ready to file their 2021 taxes, they may be thinking about hiring a tax preparer. People should choose a tax preparer wisely. This is important because taxpayers are responsible for all the information on their return, no matter who prepares it for...