Taxes January 15, 2025
Deadline for Forms W-2, W-3 and 1099-NEC Due on Jan. 31, Says IRS
Employees should also be provided with their copies by this date, so they can make preparations for filing taxes by April 15.
March 14, 2021
$1,400 Stimulus Payments Going Out, First Batch Already Received
No action is needed by most taxpayers; the payments will be automatic and, in many cases, similar to how people received the first and second round of Economic Impact Payments in 2020. People can check the “Get My Payment” tool on IRS.gov on Monday to ...
March 12, 2021
Business Tax Effects of New Covid Stimulus Law, American Rescue Plan Act
In addition to the $1,400 stimulus payments to many Americans, the American Rescue Plan Act provides many other relief measures, and also some new business tax measures, that should be noted.
March 11, 2021
AICPA Leader Tells Congress of Urgent Need for a 60-day Delay in PPP Application Deadline
Simpson also called upon Congress to extend the PPP application deadline by at least 60 days after March 31, 2021, citing urgent challenges facing small business and their CPA advisors, ...
March 11, 2021
Vertex and BigCommerce Partner for Streamlined Sales Tax Compliance
The partnership further expands the network of Vertex integrations connecting tax to ERP, procurement, billing and e-commerce systems, enabling retailers to seamlessly calculate tax for every transaction.
March 10, 2021
Biden Signs Stimulus Bill into Law
In this version, the maximum payment is $1,400 per qualified individual or $2,800 for a couple. Previous payment amounts were for $1,200 and $600 per qualified individual respectively. In addition, payments are now available for all dependents, ...
March 10, 2021
New Coronavirus Stimulus Signed into Law, Includes Tax Breaks for Individuals
President Biden has signed into law the new economic relief package passed by the House of Representatives and Senate on Wednesday. The American Rescue Plan (ARP) Act provides a wide array of tax-related benefits for individuals. Following is a brief ...
March 10, 2021
Canopy Delivers Updates to Practice Management Software for the 2021 Tax Season
Canopy is also introducing a global inbox enabling accountants to view and manage all work emails in one place—from both clients and non-clients. In addition to this tool, Canopy will make it easy to create a task or contact directly from an email in ...
March 10, 2021
Tax Season Halftime Show Gives Firms a Break, Plus Chances at Prizes
The event was developed to offer firms and their staff a much-needed mid-season break, complete with high-value prizes and inspiring sideline reports from peer firms across the country.
March 16, 2021
Webinar Addresses the Latest COVID-19 Relief Bill
Corvee, a software and solutions company serving tax and accounting firms, is offering a webinar to help tax and accounting professionals navigate the latest COVID-19 Stimulus Relief Bill (American Rescue Plan). The webinar aims to provide insight and ...
March 8, 2021
Shelly Weir Appointed President & CEO of FICPA
In her role at the American Hotel & Lodging Association, Weir designed and executed programs that delivered career advancement opportunities and competency attainment for professionals in the hotel sector in order to strengthen the lodging industry ...
March 7, 2021
$1.9 Trillion Covid Stimulus Passes Senate
President Joe Biden’s signature $1.9 trillion Covid-19 relief bill passed the Senate 50-49 on Saturday following a more than 25-hour marathon of amendment votes completed after Democrats settled an intra-party dispute over unemployment aid.
March 5, 2021
AICPA Comments on Proposed Regs to Establish User Fee for Requesting IRS Tax Closing Document
The closing letter is issued to an executor of a decedent’s estate for which a Form 706, U.S. Estate (and Generation-Skipping Transfer) Tax Return, or Form 706-NA, United States Estate (and Generation-Skipping Transfer) Tax Return ...