Income Tax
AICPA Asks IRS to Provide More “Extensive Relief” to Taxpayers
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:
Coronavirus Stimulus: Most Americans Will Get $1,200 Check in April
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 ..
$1,200 Check Per Adult: Congress and Senate Agree to $2 Trillion Deal on Coronavirus Stimulus Package
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 […]
The Fastest Way to Get Relief Funds to Workers and Businesses – AICPA Proposal
The AICPA is proposing a system to help make sure small businesses can continue paying their employees quickly, efficiently and safely.
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.