News For Your Week Ahead: October 1, 2021

Matthew Pollard joined us for a sneak peek into his seminar at the Business Builders Connection Conference! Matthew is an internationally recognized consultant, speaker, blogger, author, mentor, coach, and serial entrepreneur with five multi-million dollar business success stories under his belt, all before the age of 30. He is the founder and CEO of Rapid Growth, LLC, dedicated to achieving maximum ROI for businesses of all sizes. Check out the information below to save your seat at the Conference!

Watch on YouTube.

Coming Up: On Thursday, October 7, at 10 a.m., Jonathan Rivlin will be joining us to tell us about his upcoming seminar and webinar, Firm of the Future on October 21, 2021.

Be sure to Like/Follow us on Facebook so you can catch MSATP TV live every week.

IRS Selects 7 New Members For The Electronic Tax Administration Advisory Committee | IR-2021-195

The Internal Revenue Service has selected seven new members for the Electronic Tax Administration Advisory Committee (ETAAC).

Established by statute in 1998, the ETAAC is a public forum for the discussion of issues in electronic tax administration. The committee’s primary goal is to promote paperless filing of tax and information returns. ETAAC members work closely with the Security Summit, a joint effort of the IRS, state tax administrators and the nation’s tax industry to fight identity theft and refund fraud.

For more information, click here.

Here’s What Tax Professionals Should Do After A Data Theft or Loss | Tax TIp 2021-145

If a tax pro or their firm is the victim of data or information theft, they must deal with it thoroughly and efficiently. Here are some actions they should take immediately to help minimize damage and protect against future data and theft or losses.

For more information, click here.

Expanded Tax Benefits Help Individuals and Business Give To Charity in 2021 | COVID Tax Tip 2021-143

Recent legislation includes several provisions to help individuals and businesses who give to charity. The new law generally extends four temporary tax changes through the end of 2021. Here’s an overview of these changes.

Deduction for individuals who don’t itemize
Usually taxpayers who take the standard deduction cannot deduct their charitable contributions. The law now permits taxpayers to claim a limited deduction on their 2021 federal income tax returns for cash contributions they made to certain qualifying charitable organizations.

For more information, click here.