Latest Articles

April 16, 2020 

As for our profession, you have no doubt read, heard and seen how disruption was coming. Your reactions may have ranged from a mild shrug to rabid agreement. But opinions varied on when disruption would arrive and truly ...

Garrett Wagner

April 16, 2020 

The U.S. Census Bureau said that overall retail sales during March were down 8.7 percent seasonally adjusted from February and down 6.2 percent unadjusted year-over-year. The monthly drop is the largest ever recorded.

April 15, 2020 

At last, The Treasury issued guidance related to self-employed individuals and how the Paycheck Protection Program (“PPP”) applies to them. If you remember, the initial CARES Act language included 1099s as part of payroll costs for small businesses ...

Marty McCutchen

April 15, 2020  Sponsored

Luttrell Wegis LLP operates in a fast-paced, responsiveness driven industry where a team size for a given case can range from 5 to 10 professionals. Deadlines are constant, requiring strategic planning throughout the year as opposed to just during tax ...

April 15, 2020 

SSI recipients will receive a $1,200 Economic Impact Payment with no further action needed on their part. The IRS projects the payments for this group will go out no later than early May.

April 15, 2020  Sponsored

“AccuFund has helped us continue to serve our citizens while we all get through this difficult time, and has helped our city staff remain a cohesive team,” Hinton said. “Using the online AccuFund government accounting system made us better prepared ..."

April 15, 2020 

There’s a lot to learn, and not a lot of time to learn it. The business landscape is changing overnight: Another unknown may be how to handle sales tax on takeout or delivery services.

April 15, 2020 

Overall, unemployment website crashes have been reported in Alabama, Arizona, Arkansas, Colorado, Connecticut, Florida, Hawaii, Illinois, Iowa, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, Montana, Nevada, New Jersey, New York, ...

April 15, 2020 

The IRS has unveiled the new Get My Payment with features to let taxpayers check on their Economic Impact Payment date and update direct deposit information.

April 15, 2020 

The last few weeks have been extraordinarily challenging for most Americans, as many of us have been cloistered in our homes, told to shelter in place, and been urged to refrain from gathering with family or friends.

April 15, 2020 

Get My Payment also allows people a chance to provide their bank information. People who did not use direct deposit on their last tax return will be able to input information to receive the payment by direct deposit into their bank account, expediting ...

April 15, 2020 

Thomson Reuters has compiled a collection of free resources created specifically for accounting firms and tax pros to get the answers they and their clients need.