Hot Topics Article Archives - Page 48
If You Think What You Do On Your Work Computer Is Private, Think Again
It's possible you could be kissing that bonus goodbye. Just as your digital imprint can snarl up your job hunt, what you do at work can impact your professional persona. Most employees know they shouldn't be spending much time at work sending personal emails or shopping on Amazon. Those who think of it may take the trouble to clear their browsing history, according to a survey by Simply Hired, a job-search site. But that may not do as much to ...
Read MoreThe Potential of Blockchain: What Accounting Execs Need to Know
In its 2017 Hype Cycle for Emerging Technologies, Gartner estimates it will take five to 10 years before there's mainstream adoption of blockchain. However, major players in the financial services industry are already seeing benefits from the technology, using blockchain as a game-changing “trust protocol” for financial transactions and keep pace with regulatory processes. In addition, many companies are starting to work with ...
Read MoreNew Relief for Drought-Stricken Farmers, Ranchers: IRS
Farmers and ranchers who were forced to sell livestock due to drought may get extra time to replace the livestock and defer tax on gains from the sales, according to the Internal Revenue Service. The one-year extension gives eligible farmers and ranchers until the end of the tax year after the first drought-free year to replace the sold livestock. The farmer or rancher must be in an applicable region -- a county designated as eligible for ...
Read MoreIRS Pushes Back Major W-4 Changes Until 2020
The Treasury Department said the Internal Revenue Service would push back implementation of a redesigned Form W-4 to tax year 2020, allowing the agency to keep working on a new approach to the employee withholding form. The IRS released a draft version of a new Form W-4, "Employee’s Withholding Allowance Certificate," earlier this year in the wake of the Tax Cuts and Jobs Act, but it received heavy criticism from groups like ...
Read MoreIRS Updates Per Diem Rates for Business Travel Expenses
The Internal Revenue Service issued its annual notice describing the daily rates that taxpayers can use for lodging, meals and incidental expenses when traveling for business. Notice 2018-77 announces the special per diem rates, effective Oct. 1, 2018, that taxpayers may use to substantiate the amount of expenses for lodging, meals and incidental expenses when traveling away from home. The notice also provides the special ...
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