Income Tax
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60% of CFOs Say Their Organizations are Ready to Implement and Work With AI, but Only 35% are Using AI in Finance
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How PTO Policies Can Attract Top Talent
![Small Business Coronavirus 2](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2020/06/Small_Business_Coronavirus_2.5ef35702e2bbf.png)
Treasury to Identify Businesses that Received PPP Loans
The Trump administration says it will disclose details about companies that received loans of more than $150,000 from a coronavirus relief program for small business, following a backlash for its earlier refusal to release data ...
![Coronavirus Checks Payments Stimulus](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2020/06/Coronavirus_Checks_Payments_Stimulus.5ef354227237f.png)
Another Round? More Coronavirus Stimulus Payments May Be Coming Soon
The $3 trillion Health and Economic Recovery Omnibus Emergency Solutions Act (“HEROES Act”), already passed by the House, would again distribute $1,200 per person, via paper checks, direct deposit deposit or debit cards.
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SBA Releases New PPP Forgiveness Applications and EZ Form
The EZ application requires fewer calculations and less documentation for eligible borrowers. Details regarding the applicability of these provisions are available in the instructions to the new EZ application form.
![Coronavirus Checks Payments Stimulus](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2020/06/Coronavirus_Checks_Payments_Stimulus.5ee91e53eabec.png)
IRS Warns Nursing Homes Not to Take Coronavirus Payments from Residents
The IRS is warning nursing home and other care facilities that Economic Impact Payments (EIPs) generally belong to the recipients, not the organizations providing the care. The IRS issued this reminder following concerns that people ...
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IRS Adds E-Filing for Form 1040-X Amended Tax Returns
Making the 1040-X an electronically filed form has been a goal of the IRS for a number of years. It's also been an ongoing request from the nation's tax professional community and has been a continuing recommendation from the Internal Revenue Service ...
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5 Financial Steps to Take Now During Coronavirus
Now’s a time when your goal may well be simply to ride out the next few months. That’s fine. Yet riding out the next few months isn’t the same as doing nothing. By being proactive, you can not only make the most of a bad time, but position yourself ...
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IRS Continues Sending Stimulus Payment Debit Cards: Watch for Plain Envelopes
Nearly 4 million people are being sent their Economic Impact Payment by prepaid debit card, instead of paper check. The determination of which taxpayers received a debit card was made by the Bureau of the Fiscal Service, a part of the Treasury ...
![electronic-payments- Pixabay MBatty -2570939_1280](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2020/05/electronic_payments_2570939_1280.5ec42746cd8a7-768x512.png)
IRS Sending Out New Coronavirus Stimulus Debit Cards
IRS will begin sending out four million stimulus payments on prepaid debit cards this week instead of mailing paper checks. With these so-called “Economic Impact Payments” (EIP) cards, clients can make purchases, get ...