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Blog Articles & Video April 2021

People & firms on the move: RKL names SALT, international tax leads

Mark BaerHeadshotsColumbus Mark Baer officially assumed the role of CEO at Crowe April , succeeding Jim Powers, who completed two terms in accordance with the firm’s partnership agreement. As part of the transition, Baer appointed Brenda Torres, who previously served as the firm lead for audit quality and operations in

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Tax Fraud Blotter: Fallen angels

Could be a long haul; Boston illegal; down the drain; and other highlights of recent tax cases. East Providence, Rhode Island: Michael Chaves, owner of an automobile transport company, has been sentenced to 30 months in prison for taking evasive steps to avoid paying personal federal income taxes owed to

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IRS Issues Guidance on Tax Filing Extension

The IRS has now clarified some of the rules relating to the extension in Notice 2021-21 (IR-2021-67, 3/29/21). Background: The normal tax filing due date returns and paying any resulting tax is April 15 (or the next business day if the 15th falls on a holiday or weekend). However, this

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How to Encrypt Client Data on Your Personal Device

In my previous article on keeping data secure while working remotely, I covered steps to take to ensure your devices and those of your employees are protected from data breaches while everyone is working from home. The next best practice to implement is data encryption. I recommend being thorough and

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How Did the TCJA Impact Deductions on 2020 Taxes?

2017 was almost over when Congress approved and then-president Donald John Trump signed the TCJA, short for the Tax Cuts and Jobs Act. Both its supporters and opponents agree that there can be no two opinions about whether enacting tax reductions was Mr. Trump’s signature legislative accomplishment. Those who praise

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QuickBooks Cash, Payroll Insights and More Coming

New updates from Intuit and the QuickBooks team this month include QuickBooks Cash coming to QuickBooks Online Accountant, a payroll insights dashboard, simplified search within QBO Accountant and the opening of Accountant Council applications. QuickBooks Cash in QuickBooks Online Accountant Intuit has started rolling out to accountants and their firms

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