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Numerous tax changes were enacted as part of the American Rescue Plan Act, which was signed into law in March 2021. This act was enacted to assist individuals and businesses in coping with the continued economic disruption caused by the COVID-19 epidemic.
More and more companies are relying on outsourced service providers rather of employing full-time employees. One of the most frequently outsourced business services is accounting. A business’s data must be secured from both internal faults and external threats in order to be successful.
The month of September 2021 has brought forth an interesting update for American taxpayers. The IRS just unveiled a distinct initiative in the form of a brand new webpage to address issues of taxpayers eligible for large-scale refunds. The recently introduced web page is helpful for refund claimants who need to undergo the Joint Committee of Taxation (JCT) review. Such a review is necessary prior to the settlement of specific types of refunds. Team Infinity Globus is here to help you to get to the bottom of this fresh IRS move and how it will prove beneficial for federal taxpayers.
Tax credits stand among the highly useful ways to optimize your overall tax burden. They act as additional reductions on the regular taxes you pay. Since it is an extra...
When the pandemic wreaked havoc all over the world, the consequent economic downturn swelled the unemployment rate in America by more than 14 million. The number rose at...
Tax preparation outsourcing can prove as a desirable avenue for most CPAs and accounting practitioners. Undisputedly as a business owner, you have loads of responsibilities on your plate. At the same time, estimating your taxes instead of concentrating on the business might sound absurd and time-consuming. Further, you need to ensure that your business is meeting the positive graph consistently throughout the year. Amidst all these roles that you remain bound to fulfill, you also need to manage your staff, clients, and other stakeholders.
A critical deadline is approaching for many of the businesses and nonprofit organizations that have received loans under the Paycheck Protection Program (PPP).
Cost Management is one of the paramount parts of our everyday life. On both the personal and professional fronts, we need to realize the relevance of managing costs. As...
The world is becoming more interlinked, and businesses are becoming more complex. With accounting being an essential component of all successful business, Certified Public Accountant (CPA) firms specifically are experiencing growing demand.