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 ...
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 ..."
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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
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 14, 2020 Sponsored
Although the city’s administrative staff are considered essential government workers, city clerk Amber Hinton determined that most could work from home. Her office oversees operations of several departments, including financial, payroll, payables, ...
April 14, 2020
The IRS, state tax agencies and the nation’s tax industry continue to see an upswing in data thefts from tax professionals as cybercriminals try to take advantage of COVID-19 and Economic Impact Payments to create new scams.
April 10, 2020
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.
April 9, 2020
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.
April 9, 2020
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.
April 9, 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