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.
March 20, 2020
As the coronavirus disease (COVID-19) outbreak continues to impact people around the world, many professionals have questions and concerns about how to navigate these uncertain times as a tax and accounting practice.
March 20, 2020
The Internal Revenue Service has announced that it is closing its in-person assistance offices as part of the government's efforts to prevent the spread of coronavirus.
March 20, 2020
The Treasury Department and IRS have announced that the income tax filing deadline has now been extended to July 15, 2020. Earlier this week, Secretary Mnuchin announced the extension of the payment deadline, but did not change the filing deadline
March 19, 2020
Small employers particularly should err on the side of caution. We consulted our community of employment law, HR, and small business experts, and they recommend taking action in three areas:
March 18, 2020
The American Institute of CPAs’ (AICPA) president and CEO, Barry Melancon, CPA, made the following statement in response to the Treasury’s recent statement on tax payment relief: