The IRS on Thursday issued proposed regulations (REG-113295-18) to clarify that certain deductions are allowed to an estate or nongrantor trust because they are not miscellaneous itemized deductions. According to the proposed rules, which formally adopt guidance first issued in Notice 2018-61, these deductions are not affected by the suspension of the deductibility of miscellaneous […]
Archives for May 2020
How CIOs Can Harness AI to Fight the Coronavirus
Government and healthcare CIOs are on the front lines of deploying technology to fight COVID-19. Here are five places where artificial intelligence can help. IT organizations across the board are scrambling with new and different priorities in response to changes brought by the COVID-19 coronavirus pandemic. Supply chains have been disrupted, customer service needs may […]
Updating Fiscal Third Quarter Guidance for Impact of COVID-19
Withdraws Fiscal 2020 Guidance MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)– Intuit Inc. (Nasdaq: INTU) today announced that revenue, operating income and earnings for its third fiscal quarter are expected to be lower than guidance due to the negative impact of COVID-19 on its small business customers and the extension of the IRS tax filing deadline to July […]
AICPA proposes broad range of tax relief to aid economic recovery
The AICPA on Thursday made a broad range of legislative recommendations to encourage economic recovery in the wake of the COVID-19 pandemic. In a letter from Christopher Hesse, CPA, chair of the AICPA Tax Executive Committee, to the chairs and ranking members of Congress’s tax-writing committees, the AICPA says the pandemic has “highlighted the antiquated […]
Zoom Beefs Up End-to-End Encryption to Thwart ‘Zoombombers’
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MEDIA ADVISORY: Planning for a 2021 Recovery: At QuickBooks Town Hall Event, Senators Rubio and Cardin Lay out What’s Next for Small Business Relief Efforts
Senators tell small businesses that restrictions may last as long as the end of 2021 and that long-term payroll relief may be necessary MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)– At a virtual QuickBooks Town Hall event this week, Senators Marco Rubio and Ben Cardin met with VP and Business Leader of QuickBooks Capital at Intuit, Luke Voiles, […]
Connected devices have a key role to play in an era of pandemics
Technology has a history of helping to track and treat viruses. And, with the World Health Organisation (WHO) declaring COVID-19 a global pandemic, people are rightly asking themselves how new technologies such as the Internet of Things (IoT), artificial intelligence (AI), and Big Data can be employed to slow down the proliferation of pandemics and […]
AICPA supports bill that would make PPP-funded expenses deductible
Legislation introduced in the Senate on Tuesday would overrule an IRS notice and clarify that ordinary expenses funded by Paycheck Protection Program (PPP) loans are deductible by taxpayers. The bill, the Small Business Expenses Protection Act of 2020, S. 3612, is currently in the Senate Finance Committee and is supported by the AICPA. The PPP […]
Innovation in private networking: Set up and change bandwidth and duration on the fly
Data runs at Gigabit rates on the IPX (IP eXchange) backbone network; it doesn’t touch the public internet, so it’s totally secure, says Bob Emmerson, freelance technology writer. Bob looks at private networking ahead of next week’s webinar, “Why Wait for 5G? How Private LTE Solves Enterprise Connectivity Challenges, Now“. IPX doesn’t compete with the […]
VPN Concerns with Unplanned Remote Employees
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