If you buy something through our links, we may earn money from our affiliate partners. Learn more. It is important to keep your businesses clean and tidy. As a business owner, you will need to make sure your office or shop is cleaned regularly and maintained to ensure your employees are happy, healthy, and productive.
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The Internal Revenue Service estimates that an additional 6.5 million individual tax returns were filed for 2020, a major increase it attributes to large numbers of taxpayers filing returns to be able to claim coronavirus-related stimulus payments. The projections were recently released in Publications 6186 and 6187, which also predict that four-fifths of all tax
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The U.S. Capitol in Washington, D.C. Stefani Reynolds/Bloomberg via Getty Images Senate Majority Leader Mitch McConnell, R-KY, talks with reporters following the weekly Republican Senate conference meeting at the U.S. Capitol Dec. 1. The Senate GOP leaders were asked about the chances of Congress passing another coronavirus relief bill along with must-pass government funding legislation.
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Most small businesses and CPAs are talking about innovation as the COVID-19 pandemic has driven the accounting profession forward. Firms went from having the majority of their employees in physical offices to having most of their workforce working remotely, all within a 48-hour timeframe. Is this innovation or optimization? I am confident there are those
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Scams of the season; the size of the IRC; how to market next year; and other highlights from our favorite tax bloggers. Warm and fuzzy Tax Vox (https://www.taxpolicycenter.org/taxvox): Supreme Court verbal arguments begin in CIC Services v. IRS, a little-known case that threatens to gut the ability of the IRS to limit abusive tax shelters,
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A display is seen as bipartisan members of the Senate and House gather to announce a framework for fresh coronavirus disease (COVID-19) relief legislation at a news conference on Capitol Hill in Washington, U.S., December 1, 2020. Kevin Lemarque | Reuters Washington lawmakers introduced a new $908 billion coronavirus stimulus package on Tuesday that aims
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Many charities have seen a surge in donations since the coronavirus crisis began. Now, on Giving Tuesday, pandemic-related nonprofits could get an unprecedented extra bump. Charitable donations generally get a big boost on “Giving Tuesday,” a single day specifically focused on charity in the shopping-heavy week after Thanksgiving. Last year, the #GivingTuesday effort raised nearly $2
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The 116th Congress has few legislative days remaining in the lame duck session to address a relatively long list of priorities, including additional pandemic relief, expiring tax provisions, and economic stimulus. Whether this Congress will accomplish the remaining tasks is highly uncertain, leaving the next Congress and President-elect Joe Biden to likely start the new
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While festivities may be somewhat dampened this year due to the coronavirus, the holiday season seems to foster a spirit of giving. This year might be a good time to indulge the spirit, according to wealth planners. “It’s always a good idea to make gifts,” said Lawrence Mandelker, counsel in the tax and wealth planning
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Island girls; five-year mission; nurse malpractitioner; and other highlights of recent tax cases. St. Croix, U.S. Virgin Islands: Patricia Henry has been found guilty of conspiracy to defraud the U.S. Patricia Henry, her daughter Phiona Henry, and others participated in a scheme to steal federal income tax refunds from 2010 to 2013. The scheme involved
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Traders work on the floor of the New York Stock Exchange. NYSE For most of the eight months since the Covid crash culminated, the stock market’s recovery has fed off rampant doubt, disbelief and cognitive dissonance toward resurgent asset prices set against a severely damaged economy. No more. Wall Street’s rally has now entered the
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