Authored by the Internal Revenue Service: IR-2020-185, August 18, 2020 With millions of Americans now receiving taxable unemployment compensation, many of them for the first time, the Internal Revenue Service today reminded people receiving unemployment compensation that they can have…
It has been more than ten years since the United States’ economy has gone through a recession, and when the National Bureau of Economic Research announced in June that we have officially entered another, it hit many Americans like a…
Cybercriminals have had a field day with COVID-19. Many have used the outbreak to create malware associated with the virus. They spoof organizations involved in relief efforts, whether medical or financial. The US Small Business Administration (SBA) has been offering…
Are you waiting for the IRS to cash your check? Due to COVID-19 the IRS has a backlog of unopened mail. Here’s what you need to know: Pending Check Payments and Payment Notices If a taxpayer mailed a check (either…
We are proud to announce Haynie’s Dave Peterson has been recognized by Accounting Today as a 2020 Managing Partner Elite. Accounting Today’s annual MP Elite list always represents the profession’s most outstanding firm leaders, but this year’s class of managing…
Inside Public Accounting (IPA) has recognized Haynie as both a Top 200 Firm for 2020 and a 2020 Fastest-Growing Firm. Haynie ranked 152 with 15% growth over 2019. In 2019 we ranked 208. Growth is part of our strategic vision…
We are proud to announce Haynie Partner Hal Rosen, CPA is a TOP 100 ProAdvisor for 2020. Each year Insightful Accountant recognizes the Best in QuickBooks. Congratulations Hal! This is Hal’s fourth time as a TOP 100 ProAdvisor. Hal is…
Due to the coronavirus pandemic, the FASB pushed back the effective date for the new lease accounting standard (ASC 842) for companies who have not yet adopted the standard to January 1, 2021. However, many companies have early adopted or…
Article Highlights: Keeping home improvement records Home gain exclusion amounts Records may be required to avoid tax Individuals who meet the 2-out-of-5-year use and ownership tests can exclude up to $250,000 ($500,000 if both filer and spouse qualify) of…
The IRS announced residents of Utah will qualify for tax relief due to the earthquakes and aftershocks that took place on or after 3/18/2020. This relief will automatically be applied to Davis and Salt Lake county taxpayers. Residents outside of…
