IRS tax season 2021 officially kicks off Feb. 12.

The IRS will begin accepting and processing 2020 tax returns on Feb. 12, the agency said Friday. Typically, the IRS begins accepting returns in late January.

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An Easy 3-Step Goal-Setting Plan to Achieve Your Biggest Dreams

That's what I learned from Steven Kotler, one of the leading experts on workplace performance and author of the new book, The Art of Impossible. Kotler says his three-part strategy to achieving goals that seem impossible today is based on neuroscience and behavioral psychology.

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Working from (a Holiday) Home

Gregory Price and Victoria Braid of Macfarlanes LLP explain why companies should be aware that the longer an employee works from abroad, in a situation that has become the “new normal” due to Covid-19, the higher the tax risks become.

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Money Matters: Updating Old School Perspectives

The pandemic rendered many an old school rule of money invalid as unemployment surged and businesses shuttered for much of the year. Find out what current trends are taking over and what lay just beyond the horizon for money – how we use it, think about it and spend it.

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EIDL Receives Facelift Under New Aid Package

As part of the Economic Aid Act, the Economic Injury Disaster Loan (EIDL) Advance fund has been replenished with $25 billion. Find out who is eligible, how much is available, when to apply and how as we breakdown the latest round of EIDL grants for 2021.

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Everything New with the PPP Part Deux

Last week, the second iteration of the Paycheck Protection Program (PPP2) received new guidance, two interim final rules, start dates for applications and more. Find out everything you might have missed in this week’s PPP round up.

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DOL Finalizes New Rule on Independent Contractor Classification

Following up on its release of a proposed rule issued in September 2020, the DOL finalized new regulations on classifying independent contractors that it suggests will provide clarity for employers. On January 6, 2021, the DOL announced the Final Rule, which will take effect on March 8, 2021 (60 days after publication). At the outset, the Final Rule addresses comments that it had received in response to the publication of the proposed rule, specifically noting that many Uber drivers were supportive overall, and some commentators stated that there was no need for a Rule at all. The DOL pointed to the inconsistencies and confusion in past applications of the economic realities test as a reason why the Final Rule was necessary.

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How to Choose the Right SOC 2 Auditor

The selection of a SOC 2 auditor can be daunting. How do you find one, what should you consider when choosing a SOC 2 auditor, and what interview questions should you ask them? Will they understand your unique environment, product or challenges? Ultimately, the final decision is up to you to select the auditor that best understands where you are now and can be a partner in your journey. SOC 2 is a multiyear journey, so my best advice is to make sure you get along with the audit partner, director or lead who will be in charge of your account.

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How saying ‘yes’ to everything is curtailing your creative impulses

For the better part of my young adulthood, the “yes” or “no” dilemma followed me around like a shadow. I wanted to be involved with as many things as possible, show my openness to new experiences, and, as many who have been there, avoid FOMO, or fear of missing out, at all costs.

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FASB Clarifies Scope of Recent Reference Rate Reform Guidance

The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that clarifies the scope of the FASB’s recent reference rate reform guidance.

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