TheMorningAccountUSA @_MorningAccount
TMA USA is an early AM summary of news for the #Accounting and #Tax sector.Follow the link for a free trial: http://t.co/kOiS8qG4di earlymorningmedia.co.uk/index.html Joined August 2012-
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A record 257,000 Britons left the UK last year — three times higher than first reported — as revised ONS data cuts net migration to 345,000. #UKPolitics #Migration #ONS ft.com/content/686b2f…
💰 Tax rises 'on the cards' Lord O'Donnell warns UK may face higher taxes due to economic fallout from Trump’s tariffs. Manufacturing regions like the Midlands & North to be hit hardest. #UKEconomy #TaxRise #EconomicImpact #TradePolicy
🚨 Anti-scam campaigners are calling for stronger action against fraudsters, warning that scamming is becoming a risk-free crime. With fraud cases rising 19%, experts urge collaboration between law enforcement, government, and businesses to tackle the issue. #FraudPrevention
💈 The National Crime Agency is investigating UK-based Turkish-style barber shops suspected of being fronts for money laundering. The number of these shops has grown 50% since 2018, many taking cash only. Dozens of raids have led to arrests linked to crime. #MoneyLaundering
⛽️ The North Sea Transition Taskforce urges the UK Government to replace the oil and gas windfall tax before 2030, warning that the opportunity to secure the North Sea's future is "closing fast." 🛢️ #Energy #OilAndGas #UKPolicy #WindfallTax #NorthSea
New 20% VAT on private school fees forces 1 in 8 families with SEND children to move or remortgage. A survey reveals families are struggling to meet costs, with many fearing the move to the state sector won’t meet their child's needs. #SEND #PrivateSchool #Education #VAT
UK businesses brace for a surge in costs as new wage increases and tax changes take effect. The rise in minimum wage and business rates discounts, along with new plastic packaging taxes, will put additional strain on small and independent firms. #UKBusiness #Economy #TaxChanges
@OTS_UK has begun collecting data on the number of people working from abroad and could look to crack down on so-called ‘workcations’. buff.ly/3R1RXB4 #accounting #accountancy #accountants
Former Chancellor Rishi Sunak has promised the biggest income tax cut in 30 years, saying he will reduce the basic rate from 20% to 16% by the end of the next parliament if he becomes Prime Minister. buff.ly/3PO6gsw #tax #Accounting #accountancy
Ángel Gurría - secretary general of @OECD - says President Biden’s tax plan presents a “once in a lifetime opportunity to achieve a complete overhaul of the international tax system” theguardian.com/business/2021/…
Campaigners have warned the Chancellor against mirroring Joe Biden’s tax plans, with the President looking to nearly double capital gains tax for wealthy Americans telegraph.co.uk/money/consumer…
Landlords selling property amid a market boom seen during the pandemic have been hit with fines for missing a new 30-day tax window, with more than 16,000 people missing the deadline last year telegraph.co.uk/tax/capital-ga…
Treasury Secretary Janet Yellen told ABC's "This Week" program on Sunday that the Biden administration had yet to decide on whether to impose a new wealth tax. wsj.com/articles/yelle…
The IRS published guidance yesterday for employers claiming the employee retention credit for 2020 and how it relates to eligibility for the Paycheck Protection Program (PPP). accountingtoday.com/news/irs-offer…
The House passed its $1.9tn coronavirus relief bill early Saturday, on a 219-212 mostly party-line vote, sending the massive proposal to the Senate as Democrats rush to approve more aid before unemployment programs expire. wsj.com/articles/house…
Due to the COVID-19 pandemic, the IRS is offering greater flexibility with employee benefit plans offering health flexible spending arrangements (FSAs) or dependent care assistance programs.
A group of Democrats on the House Ways and Means Committee, led by oversight subcommittee chairman Bill Pascrell (D-NJ) has written to the IRS urging it to extend the tax-filing season beyond the current April 15th deadline. thehill.com/policy/finance…
The House Democrats' COVID relief bill would reduce household federal tax bills by an average of $3,100 each this year, according to the Urban-Brookings Tax Policy Center. edition.cnn.com/2021/02/16/pol…
AICPA’s Auditing Standards Board has issued an exposure draft on quality management standards that includes three interrelated standards that address the way CPA firms manage quality for their accounting and auditing practices. cpapracticeadvisor.com/accounting-aud…
The FASB has endorsed a revision to goodwill accounting rules for private businesses and nonprofits to help them reduce costs and complexity throught the pandemic. wsj.com/articles/fasb-…
Kay Bell @taxtweet
12K Followers 13K Following Native 🌮Texan. #Tax Blogger✍️Journalist. Wife. ❤️@Astros 💔@DallasCowboys 🦅Birder | Order based on whims. More me: https://t.co/0XUHFQ29lD & Tax Fun link👇🏻
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