March 27, 2020
The standard check payment is $1,200 per individual or $2,400 for married couples who file a joint tax return. In addition, a family will be entitled to receive an extra $500 per child. For this purpose, a “child” is defined the same way as...
March 26, 2020
Republicans and Democrats reached a hard-won agreement on the Senate’s $2 trillion worth of fiscal stimulus to shore up an economy crippled by the coronavirus pandemic. The final version was the product of intense negotiations between Senate Democratic leader Chuck Schumer and Treasury Secretary Steven Mnuchin. With the measure clearing the Senate, House Speaker Nancy...…
March 24, 2020
More than a dozen new members have joined an American Institute of CPAs-led group advocating the use of payroll processors to quickly distribute governmental funds to small businesses so they can meet payroll and avoid layoffs.
March 24, 2020
A change in the economy means a change in priorities. And as much as we want to keep things “business as usual,” a recession requires that we adapt to new budgetary constraints. During the scramble to optimize your spend, one thing that’s easy to ...
March 23, 2020
An update to income and transactional tax news related to the COVID-19 outbreak in this roundup. It will be updated regularly as more information becomes available.
March 23, 2020
As the coronavirus (COVID-19) continues to spread globally, governments worldwide are trying to figure out the best way to bolster the slowing economy. Led by China and now Europe, that involves tax filing and payment extensions and even temporary rate...
March 22, 2020
Automation, machine learning, and other technologies have riddled news headlines, influenced political debate and discourse, and is set to change the way we work across industries. Coupled with today's tight labor market, with unemployment hovering at ...
March 22, 2020
A coalition made up of the American Institute of CPAs (AICPA), the International Franchise Association (IFA) and two leading payroll processing companies, Paychex and Intuit, issued the following open letter to President Donald J. Trump, U.S. Treasury Sec
March 20, 2020
The qualified business income (QBI) deduction is the centerpiece provision of the Tax Cuts and Jobs Act and applies from 2018 through 2025. Qualified business income is aggregated from a partnership, S corporation, limited liability company and sole ...
March 16, 2020
Accounting can be a demanding vocation, particularly from January through April each year, so how can your firm successfully attract and retain high quality employees and ensure they’re not experiencing burnout? One way is through a comprehensive ...
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March 10, 2020
In a competitive job market with up to five generations in the workforce, companies of all sizes must be able to attract and keep great people. That's where benefits come in. Is your benefits strategy relevant across multiple generations?
February 24, 2020
The Internal Revenue Service has released a newly-revised tax guide, designed to help members of the military understand the many special tax benefits available to them under the law.