Taxes

Company preparing to accept applications for billions of dollars in requested PPP relief next week. 1 in 12 American employees is paid through QuickBooks Payroll

To help millions of people, the Treasury Department and the Internal Revenue Service today launched a new web tool allowing quick registration for Economic Impact Payments for those who don’t normally file a tax return.

The Internal Revenue Service today has issued guidance providing tax relief under the CARES Act for taxpayers with net operating losses. Recently the IRS issued tax relief for partnerships filing amended returns.

The IRS has expanded relief to additional returns, tax payments and other actions. As a result, the extensions generally now apply to all taxpayers that have a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020.

At a time when the knowledge and expertise of accountants and tax professionals is more important to clients than ever before, SmartVault has created an online resource center with resources to help navigate these uncharted waters and keep business movi

In this emergency action, the CPA Endowment Fund of Illinois is awarding 16 laptops for students at nine Illinois schools, including DePaul University, Governors State University, Illinois State University, Loyola University, Northeastern Illinois ...

The rapid spread of COVID-19 across the globe has created large-scale economic distress and halted the mechanisms of exchange and business activity–leaving an extensive trail of damage to the world’s economic infrastructure. Governments and legislators reacted immediately with relief packages. They likely will continue to make additional economic adjustments to stabilize the weakening economy by […]

The American Institute of CPAs (AICPA) is thanking the Treasury Department and Small Business Administration (SBA) for providing further clarity on the application process for the Paycheck Protection Program (PPP), the $349 billion small business ...