FAQ on Federal Coronavirus Relief Bill (CARES Act)

Congress’s latest coronavirus relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, is the largest economic relief bill in U.S. history and will allocate $2.2 trillion in support to individuals and businesses affected by the pandemic and economic downturn. Many people have questions about how the new law impacts their families and businesses. The Basics…

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Juggling IRS payment deadlines

Managing filing dates, payment dates, and scheduled tax payments is even more complicated this year, thanks to the coronavirus. Original Article Posted at : https://www.accountingtoday.com/news/juggling-irs-payment-deadlines-postponed-by-coronavirus

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Continuous Testing for U.S. CPA Exam candidates to begin July 1

The new testing model, which will replace the existing Testing Window model, will allow candidates to take the exam year-round, with no restriction, in the wake of the coronavirus pandemic. Original Article Posted at : https://www.accountingtoday.com/news/continuous-testing-for-u-s-cpa-exam-candidates-to-begin-july-1

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In the blogs: The virtues of virtual

CARES examined; IRS challenges; the months ahead; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-the-virtues-of-virtual

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Retroactive SALT Repeal Combines Weak Stimulus with Bad Tax Policy

House Speaker Nancy Pelosi (D-CA) has suggested that a retroactive repeal of the cap on State and Local Tax (SALT) deductions should be included in any future stimulus plans. Pelosi’s office has reportedly suggested that this would be tailored towards middle-income households as part of an effort to stimulate the economy. This is far from…

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Small businesses feeling the impact of coronavirus on job and wage growth

Small businesses that had been experiencing steady job and wage growth prior to the outbreak of the coronavirus pandemic are seeing that situation change, according to figures from the payroll giant Paychex. Original Article Posted at : https://www.accountingtoday.com/news/small-businesses-feeling-the-impact-of-coronavirus-on-job-and-wage-growth-says-paychex

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