Income Tax
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Managing Anxiety and Stress During the Coronavirus Pandemic
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 ...
Coalition Urges Expedited Small Business Funding Via Payroll Processors – Coronavirus Relief
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
Income Tax Deadline Moved to July 15, 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.
Coronavirus Tax & Accounting Resource Hub
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.
IRS Closes In-Person Assistance Centers
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.
IRS Extends 2020 Income Tax Filing Deadline to July 15
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
An Employer’s Guide to Navigating the Coronavirus
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:
AICPA CEO Says IRS Must Extend Tax Filing Deadline
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: