March 26, 2020
The American Institute of CPAs (AICPA) is praising the CARES Act, the Senate’s $2 trillion economic stimulus bill, and said it would provide substantial relief for small businesses and employees once signed into law.
March 26, 2020
To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing ...
March 26, 2020
In an overwhelming bipartisan vote, the Senate on Wednesday passed a $2-trillion economic stimulus package — the largest ever — designed to pump money directly into Americans’ pockets while also shoring up hospitals, businesses and state and local ...
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...…
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March 25, 2020
We hope our last blog helped your organization consider its response to the current global health crisis. As the situation surrounding COVID-19 has progressed, more travel restrictions and social distancing practices are being implemented every day. More and more companies are implementing work-from-home policies to adapt to the changing situation. We’ve been tracking the data...…
March 25, 2020
Specifically, the AICPA urges the Treasury Department and IRS to consider the following recommendations, which will provide relief to millions of individuals and businesses affected by a broad array of coronavirus-related issues:
March 25, 2020
The latest $2 trillion stimulus bill is expected to include direct payments of $1,200 or less to most adults, loans to businesses and an expansion of unemployment insurance and other aspects of the social safety net. It comes at a time when millions of ..
March 25, 2020
After haggling for days over the final details, Senate Democrats and the White House agreed Tuesday to a nearly $2 trillion stimulus package to combat the economic fallout of the coronavirus outbreak, including direct payments to most Americans and a half-trillion-dollar fund to shore up struggling companies. The stimulus bill — by far the largest...…
March 22, 2020
The AICPA is proposing a system to help make sure small businesses can continue paying their employees quickly, efficiently and safely.
March 22, 2020
The outbreak of coronavirus disease 2019 (COVID-19) may be stressful for people. Fear and anxiety about a disease can be overwhelming and cause strong emotions in adults and children. Coping with stress will make you, the people you care about, and ...
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 21, 2020
On Saturday morning, the Treasury Department and Internal Revenue Service followed up with an official press release that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.