Bob Scott

Bob Scott

AICPA Study: Travel Resuming But…

 A study by the American Institute of CPAs has found that 34 percent of business executives expect travel spending will reach pre-pandemic levels by the end of this year. But 46 percent of the 770 respondents surveyed said the cost savings they experienced during the shutdown mean their own travel will remain restricted.

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Avalara Updates International Features

Avalara has updated cross-border features in its Trade Treaty Support and Trade Restrictions Management applications. The sales tax company this month said that among new features are trade treaty tariff rates as part of its tax content coverage.

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Most States Won’t Tax Forgiven PPP Loans

Most states will not treat forgiven PPP loans as income, according to Bloomberg Tax & Accounting’s 21st annual Survey of State Tax Departments. The survey found 29 state tax departments will follow federal treatment of loan forgiveness or cancellation in not considering the amounts taxable.

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