Best IT defenses; learning from mistakes; the price of training; and other highlights from our favorite tax bloggers.
Big developments
- Tax Vox (
https://www.taxpolicycenter.org/taxvox ): Can’t Argue There Dept.: “It’s been, at the very least, a very bumpy road since May…” According to one analysis, about 90 percent of households are eligible for the second round of economic impact payments, averaging $950 across all households. Forty-five percent of the total payments will go to households in the lower 40 percent of the income distribution. - Sikich (
https://www.sikich.com/insights/ ): How Biden’s plans might impact environmental and sustainable investing, especially solar and wind technologies, geothermal production, bioenergy production, energy storage, green transportation, green building and more. - The Wandering Tax Pro (
http://wanderingtaxpro.blogspot.com/ ): A year to remember — and forget — in terms of taxes. - Procedurally Taxing (
https://procedurallytaxing.com ): A look back at the year’s big tax legislation. - Mauled Again (
http://mauledagain.blogspot.com/ ): Why demand-side economics makes much more sense than supply-side. - Summing It Up (
http://blog.freedmaxick.com/summing-it-up ): The recent SolarWinds breach underscores the importance of several key concepts related to cybersecurity, especially the importance of getting back to the basics: response plans, layered architecture and a way to spot trouble, to name three. A look at some of the best tools.
Hands off
- Financial Cents Accounting Blog (
https://financial-cents.com/blog/ ): Three accounting tasks you should advise business clients to stop doing manually. - Boyum & Barenscheer (
https://myboyum.com/blog/ ): In these times of good intentions but evaporating funds, how can your nonprofit clients combat membership drop-offs? By focusing on needs, providing value and prioritizing engagement. - Don’t Mess With Taxes (
http://dontmesswithtaxes.typepad.com/ ): Eight ways to, even now, use up FSA money by year's end. - IRS Mind (
http://www.irsmind.com/blog/ ): What to tell them about options to pay tax bills depending on what they owe. - TaxPro Center (
https://proconnect.intuit.com/taxprocenter/ ): The top five mistakes one tax pro made early in their own career. (What department does SALY work in, by the way?) - Solutions For CPA Firm Leaders (
http://ritakeller.com/blog/ ): Training is not an expense but an investment. As a firm leader, do you focus too much on the price tag and not enough on the future?
And be merry
- Taxjar (
http://blog.taxjar.com/ ): How food is taxable in Nevada. - Tax Foundation (
https://taxfoundation.org/blog ): Before the long-awaited (this year especially) big night arrives on Thursday, “How High Are Champagne Taxes in Your State?” - Wolters Kluwer (
http://news.cchgroup.com/ ): Seattle’s new payroll tax next year on every business that had $7 million or more in Seattle-based payroll for the prior calendar year, among other conditions.
