Income Tax
Latest News
60% of CFOs Say Their Organizations are Ready to Implement and Work With AI, but Only 35% are Using AI in Finance
A Scalable Talent Model Can Be Much More Than a Safety Net for CPA Firms in Need of Skilled Talent
Labor Challenges Persist Among Mostly Confident Business Owners, According to CBIZ Index
How PTO Policies Can Attract Top Talent
![Coronavirus Payments by State 1](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/04/Coronavirus_Payments_by_State_1.5eb83e4c4d63d.png)
IRS Releases State-by-State List of Coronavirus Stimulus Payments
The Treasury Department and the IRS have released updated state-by-state figures for Economic Impact Payments, with approximately 130 million individuals receiving payments worth more than $200 billion in the program’s first four weeks. (Up through May 8)
![PPP Paycheck Protection Program](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2020/05/PPP_Paycheck_Protection_Program.5eb4437db9d91-768x392.png)
Loan Forgiveness Rules Under the Paycheck Protection Program and Next Steps
You already play a key role in advising your clients on their taxes, so spend the extra time to advise on how to keep track of their PPP loans. Spending time on the front end setting up the recordkeeping and processes will save a lot of time in the ...
![Covid Taxes IRS](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2020/05/Covid_Taxes_IRS.5eb42eac7397f-768x576.png)
3 Tax Credits for Businesses Impacted by Covid-19
The employee retention credit is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
![Home Office Multiple Monitors](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2020/05/Home_Office_Multiple_Monitors.5eb351d53b152-768x576.png)
63% of Office Workers Say They Are Fine Doing Jobs At Home; 60% Enjoy No Commute
How have office workers been holding up during the coronavirus crisis? And how do they feel office life will change once workplaces reopen?
![tax_refund_2_.58ad2540b4575](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2020/05/tax_refund_2_.58ad2540b4575.5eb2e842ac022.png)
Still Waiting on Your IRS Coronavirus Stimulus Payment? Here’s Some Help
Are you still waiting for your stimulus payment due to a recent address change or no or outdated direct deposit information on file with the IRS? You may have to wait a little longer.
![PPP Paycheck Protection Program](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2020/05/PPP_Paycheck_Protection_Program.5eb1a05fab621-768x392.png)
Most PPP Applicants Still Face Uncertainty on Loans
As the second round of funding for the Paycheck Protection Program (PPP) became available on April 27, 62 percent of PPP loan applicants were still waiting for funding or approval, according to new research from Paychex, Inc.
![Treasury Checks](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2020/05/Treasury_Checks.5eb1982d302f1-768x512.png)
Some IRS Coronavirus Stimulus Payments Are Still Being Delayed
Are you still waiting for your stimulus payment due to a recent address change or no or outdated direct deposit information on file with the IRS? You may have to wait a little longer.
![Covid Taxes IRS](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2020/05/Covid_Taxes_IRS.5eaf1b988f1ca-768x576.png)
Businesses with Forgiven PPP Loans Will Lose Tax Deductions
Small businesses that manage to get their Paycheck Protection Program loans forgiven may find themselves losing valuable tax breaks, according to new guidance from the Internal Revenue Service.