Latest Articles

May 11, 2020 

The IRS has discovered that it has mailed checks to deceased people by mistake. It’s unclear how many such checks have been delivered, but it’s thought to be significant, because about 2 million people in the U.S. die each year.

May 10, 2020 

Although talks within the Trump administration are still in the preliminary stage, NBC news has reported that the deadline could be postponed again to September 15—or even as late as December 15.

May 10, 2020 

The Treasury Department and the IRS have released updated state-by-state figures for Economic Impact Payments, with approximately 130 million individuals receiving payments worth more than $200 billion in the program’s first four weeks. (Up through May 8)

May 10, 2020 

The IRS is drawing a line in the sand: It has announced that taxpayers have until high noon on Wednesday, May 13, to provide direct deposit information for their stimulus payments. Otherwise, they’ll have to wait for paper checks to arrive through snail mail (IR-2020-92, 5/8/20). We’re working hard to get more payments quickly to...…

Ken Berry, JD

May 8, 2020 

The U.S. economy suffered its biggest labor market shock on record, as government figures released Friday showed the COVID-19 pandemic erased 20.5 million jobs and sent the nation’s unemployment rate to 14.7%, the highest since the Great Depression.

May 8, 2020 

Automation offers CPAs, accountants, bookkeepers and other finance professionals the opportunity to focus on delivering more value to clients and key stakeholders, so you can drive business forward and perform at your best. 83% of US accountants say they’ll use automation within the next three years. Discover all the ways you can be one of...…

May 8, 2020 

We all know that in any change program, the big issues are about people – and are addressed via communication and clarity; listening and addressing what threatens people or activating what motivates them.

May 8, 2020 

Difficult economic times are ahead. We don't know how difficult they’ll be, or how long they’ll last, but finance teams around the globe are bracing for them. Cash management and cost-cutting will be essential.

May 8, 2020 

For many retirees, taking required minimum distributions (RMDs) from qualified plans and IRAs is ingrained. This generally applies after you’ve reached age 72 (recently increased from age 70½, beginning in 2020).

May 8, 2020 

CPA firms that can strengthen their IT networks, improve their team’s ability to work from anywhere securely and enhance their data protection tools with the future in mind will come out the other side of the coronavirus pandemic stronger than ever before

May 7, 2020 

The COVID-19 pandemic has affected individuals and businesses in many ways, including creating a heightened need to expedite payments and manage cash flow more effectively. Keeping money flowing between organizations is critical for financial ...

May 7, 2020 

The Internal Revenue Service has issued proposed regulations that provide guidance for estates and trusts clarifying that certain deductions of estates and non-grantor trusts are not miscellaneous itemized deductions.