Latest Articles

March 29, 2021 

American Airlines expects to “reactivate most of its aircraft in the second quarter” after seeing a major increase in bookings that has brought business back to near pre-pandemic levels.

March 29, 2021 

The good news is the first $10,200 that most taxpayers received in unemployment benefits of up to $10,200 are not taxable for 2020. If you have already filed your tax return for 2020 the IRS is asking you to not file an amendment, as they will take ...

Craig Smalley

March 29, 2021 

Armanino LLP, one of the 25 largest accounting and business consulting firms in the U.S., is teaming with NightDragon, a dedicated cyber, security, safety and privacy (CSSP) platform that helps scale companies from incubation to IPO, to launch a ...

March 29, 2021 

To support the expectation that more employees will have a hybrid work schedule—part remote and part in office—each workstation has been equipped with a locker for employees to store individual items. This feature provides safety for the employees’ ...

March 29, 2021 

Contributions to a traditional IRA are usually tax deductible, and distributions are generally taxable. There is still time to make contributions that count for a 2020 tax return, if they are made by April 17, 2021. Taxpayers can file their return ...

March 29, 2021 

The IRS says individuals also now have until May 17, 2021 to meet certain deadlines that would normally fall on April 15, such as making IRA contributions, but the estimated tax payment deadline is still April 15, 2021.

March 28, 2021 

To learn more about COVID-19 scams and other financial schemes visit IRS.gov. Official IRS information about COVID-19 and Economic Impact Payments can be found on the Coronavirus Tax Relief page, which is updated frequently.

March 28, 2021 

As we reach the one year anniversary of stay-at-home mandates across the nation, it’s important to reflect on how COVID-19 has changed the accounting and tax industry as we knew it. For the past year, many of us have been waiting to return to “normal,” ..

March 28, 2021 

The additional 60 days provided by the PPP Extension Act will greatly help small businesses, non-profits and the CPAs that serve them complete existing and file new PPP loan applications. AICPA believes that this extension gives the SBA time to update ..

March 28, 2021 

21 percent of business executives said their companies expected some downward revision in office space in the coming year, compared to 18 percent in the third quarter last year. The lack of action by others reflects to a large degree the ...

March 25, 2021 

The initial claims figures suggest that job cuts are easing as businesses reopen and vaccine eligibility expands to more Americans. It was the first time claims dipped below 700,000 since the pandemic began.

March 25, 2021 

A refundable, advanceable tax credit of up to $15,000 for first time homebuyers, being considered in future tax and economic stimulus legislation, could catapult millions of renter households into first-time homeownership, a new Zillow analysis suggests.