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IRS improves online Withholding Estimator

The Internal Revenue Service unveiled an enhanced Tax Withholding Estimator on its website Tuesday, designed to help workers fill out the new W-4 withholding form and hopefully avoid the problems seen last year when many taxpayers found themselves owing more taxes or receiving less of a tax refund than they expected.

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Treasury:

Michigan taxpayers can begin to file state income tax returns on Jan. 27, according to the Michigan Department of Treasury.

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America’s CFOs Are Warning Of A Recession.

Recession fears are again on the rise, with the vast majority of chief financial officers bracing for an economic downturn in 2020—and historical data shows that trends of declining optimism among America’s financial executives can sometimes be a harbinger for looming market sell-offs.

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Social Security is Now Just a Year Away From This Scary Milestone

This might not be the first time you've heard about Social Security flirting with the $1 trillion mark. In 2019, the total expenditures from the entire Social Security program – which include not only retirement and survivor benefits but also the payments it makes to disabled workers and their families – went over $1 trillion for the first time in the

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Andrew Brisbo to Speak at MICPA Cannabis Summit

The Executive Director of Michigan’s Marijuana Regulatory Agency (MRA), Andrew Brisbo, is set to speak at the MICPA cannabis summit in Grand Rapids on January 16, 2020. Brisbo, who served as the licensing division director for LARA for six years, was appointed by Governor Whitmer to lead the MRA, the recently renamed Bureau of Marijuana Regulation, which oversees several aspects of Michigan's marijuana laws.

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The Outlook of Finance

Positive sentiment about the U.S. economy is easy to find among CPA decision-makers in business and industry, despite obstacles and the uncertainty that regularly accompanies an election year. Ken Witt, CPA, CGMA, lead manager for management accounting and member engagement for the Association of International Certified Professional Accountants, breaks down the reasons for optimism and hesitance for the year ahead.

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The Student Loan Forgiveness Tax Bomb

Drowning in student loan debt isn’t fun, and that’s especially true when you realize there are so few ways to dig yourself out. You can pay off your loans the hard way, forking over a significant portion of your income over ten years with a standard repayment plan.

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Eleven Marketing Tips

Marketing can be challenging for many accounting professionals. First, most accounting and tax pros are not natural salespeople, which is what marketing seems to be. But if you take the approach that sales is only one part of what marketing is for an accounting firm, it can be less daunting.

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5 Facts About the Earned Income Tax Credit

For many Americans, it can be difficult to know which tax credits they qualify for and why. But tax credits are worth having because they provide meaningful savings on a filer’s overall tax contribution and, in some cases, lead to an increased tax refund.

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New California Internet Rules

A sweeping new law that aims to rewrite the rules of the internet in California is set to go into effect on Jan. 1. Most businesses with a website and customers in California — which is to say most large businesses in the nation — must follow the new regime, which is supposed to make online life more transparent and less creepy for users.

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