Accounting

March 17, 2020 

Facing pressure from lawmakers and the tax community, on Tuesday, March 17, Treasury Secretary Mnuchin announced that the agency is giving taxpayers an additional 90 days to pay for those owing up to $1 million in taxes ...

March 17, 2020 

The Trump administration is proposing $850 billion in economic stimulus to contain the effects of the coronavirus, including relief for small businesses and the airline industry, and sizable checks for American workers. Treasury Secretary Steven T. Mnuchin is expected to outline the request to Senate Republicans at a closed-door lunch on Capitol Hill and will...…

March 17, 2020 

Taxpayers and businesses will have until July 15, 2020 to pay their taxes this year without penalty. The change was announced on Tuesday afternoon, by Treasury Secretary Steven Mnuchin ...

March 17, 2020 

Taxpayers and businesses will have until July 15, 2020 to pay their taxes this year, but the filing deadline is still April 15, for now. The change was announced on Tuesday afternoon, by Treasury Secretary Steven Mnuchin ...

March 17, 2020 

Employers, particularly in cities with many cases of Coronavirus detected, have begun to encourage or require employees to work remotely. This option presents an opportunity to be cautious and help curb the spread of the virus without sacrificing work ...

March 17, 2020 

Amazon.com Inc. will hire 100,000 workers and is prioritizing the stocking of household staples and medical supplies as it struggles to deal with a surge in demand for online orders from customers avoiding stores during the coronavirus pandemic.

March 17, 2020 

While Americans have long been resistant to bidets — a common feature in European toilets where jets of water clean you off instead of toilet paper — the spread of the coronavirus seems to be changing longtime views on self-washing.

March 16, 2020 

National Retail Federation President and CEO Matthew Shay and Retail Industry Leaders Association President Brian Dodge are advising consumers to shop responsibly during the coronavirus (COVID-19) pandemic.

March 16, 2020 

Taxing remote sales is relatively new. Since the first states established their sales tax systems in the 1930s, states have had limited taxing authority over businesses based in other states. Indeed, the Supreme Court of the United States ruled more ...

Gail Cole

March 16, 2020 

Billing, collections and payment acceptance are essential functions for many nonprofits. In the current economic conditions and with widespread "social distancing" it is both more difficult and more critical for nonprofits to be able to issue ...

March 16, 2020 

More and more, we're moving money around with our phones and computers. Remember checks? I opened a new bank account recently and didn't get any checks at all – not even a starter pad. When it comes to transferring money between individuals and ...

Gail Perry

March 16, 2020 

No matter what role you play in the accounting industry, you probably have thought to yourself more than once, what am I missing?  Is it a transaction for the month, a reconciling item, a payable? Or is it something bigger that has slipped past—like a key performance indicator?  Or something worse, like fraud? Since the...…

Garrett Wagner