Latest Articles

March 27, 2020 

The standard check payment is $1,200 per individual or $2,400 for married couples who file a joint tax return. In addition, a family will be entitled to receive an extra $500 per child. For this purpose, a “child” is defined the same way as...

March 27, 2020 

The Internal Revenue Service has announced Erin M. Collins will start her term as the National Taxpayer Advocate (NTA) on Monday, March 30, and lead the Taxpayer Advocate Service, an independent organization within the IRS.

March 26, 2020 

The American Institute of CPAs (AICPA) is praising the CARES Act, the Senate’s $2 trillion economic stimulus bill, and said it would provide substantial relief for small businesses and employees once signed into law.

March 26, 2020 

To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing ...

March 26, 2020 

In an overwhelming bipartisan vote, the Senate on Wednesday passed a $2-trillion economic stimulus package — the largest ever — designed to pump money directly into Americans’ pockets while also shoring up hospitals, businesses and state and local ...

March 26, 2020 

Republicans and Democrats reached a hard-won agreement on the Senate’s $2 trillion worth of fiscal stimulus to shore up an economy crippled by the coronavirus pandemic. The final version was the product of intense negotiations between Senate Democratic leader Chuck Schumer and Treasury Secretary Steven Mnuchin. With the measure clearing the Senate, House Speaker Nancy...…

March 25, 2020 

Amid all the changes to society caused by efforts to slow the spread of Coronavirus, there are a few tips you can share with your clients to save them money on taxes for the 2020 filing year (next year). Our advice to our clients is to keep records ...

March 25, 2020 

We hope our last blog helped your organization consider its response to the current global health crisis. As the situation surrounding COVID-19 has progressed, more travel restrictions and social distancing practices are being implemented every day. More and more companies are implementing work-from-home policies to adapt to the changing situation. We’ve been tracking the data...…

March 25, 2020 

Avii (www.avii.com) is providing the Avii Workspace unified firm cloud platform for tax, audit, advisory, compliance and management consulting firms at no cost in its full version for up to 25 internal firm users with up to 1GB of data storage and ...

March 25, 2020 

In the next few weeks, many firms struggling during the recession will rush to file to get their returns. Others may use this time as a needed reprieve to start getting their affairs in order to meet the extended deadline.

March 25, 2020 

Specifically, the AICPA urges the Treasury Department and IRS to consider the following recommendations, which will provide relief to millions of individuals and businesses affected by a broad array of coronavirus-related issues:

March 25, 2020 

While many accounting conferences are postponing or canceling due to the current coronavirus pandemic (over 20 globally, at last count according to ​AccountingConferences.com)​, Accounting Salon has made the decision to pivot their event ...