Bob Scott

Bob Scott

IRS Releases Draft 1065 and K-1

The Intenal Revenue Service has released a draft of the tax year 2019 Form 1065 and its accompanying Schedule K-1. The agency said changes made to the documents are designed to improve the quality of information reported by partnerships.

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ADP Compensation Changes Hefty

Automatic Data Processing handed out significant increases to three current and one former executive for the year ended June 30. CEO Carlos Rodriguez’s income topped $19 million, an increase of 52.1 percent from $12.5 million for the prior fiscal year.

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QBO Adding Mileage Tracking

Mileage tracking is being added to QuickBooks Online. Intuit said recently the feature, available previously in QB Self-Employed, will be rolled out gradually with all users having access “in the next several months.”

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