Accounting
Lawmakers Concerned that Delay in Tax Filing Deadline Not Fully Understood
The coronavirus crisis has broken out just as many firms and individuals are completing returns for the 2019 tax year. In response, the U.S. Treasury Department has pushed the April 15 tax payment deadline to July 15. However, taxpayers still have to file their tax returns by the usual April 15 deadline. Lawmakers, business owners,…
Read MoreGravity Software adds multi-currency and enhanced multi-entity accounting
The new features, and Gravity Software’s platform as a whole, are aimed at businesses that manage multiple companies, each with its own separate database. Original Article Posted at : https://www.accountingtoday.com/news/gravity-software-adds-multi-currency-and-enhanced-multi-entity-accounting
Read MoreCoronavirus relief law includes tax breaks for paid sick leave, family leave
The initial package of coronavirus relief legislation that was signed into law Wednesday includes provisions for paid sick leave, family leave and medical leave, along with tax credits to help employers and the self-employed pay for them. Original Article Posted at : https://www.accountingtoday.com/news/coronavirus-relief-law-includes-tax-breaks-for-paid-sick-leave-family-leave-sick-leave
Read MoreSenators introduce bill to extend tax-filing deadline to July 15 amid coronavirus
Bipartisan legislation would extend the tax-filing deadline after guidance from the Treasury Department fell short. Original Article Posted at : https://www.accountingtoday.com/news/senators-introduce-bill-to-extend-tax-filing-deadline-to-july-15-amid-coronavirus
Read MoreFor Italian Banks: Converting Future Deductions to Present Tax Credits
During the coronavirus outbreak, Italy has been hit especially hard. Policymakers have introduced numerous measures to stem the spread of the virus and provide relief to businesses that are facing a severe downturn. The government is providing both broad and narrow relief. The liquidity crunch is particularly challenging for banks. As businesses and families lose…
Read MorePCAOB adjusts its audit inspections to remote work amid coronavirus
Officials and employees are working from home and doing inspections of U.S. audit firms remotely to protect them from infection. Original Article Posted at : https://www.accountingtoday.com/news/pcaob-adjusts-its-audit-inspections-to-remote-work-amid-coronavirus
Read MoreSanders Proposes A $23 Trillion Tax Increase, Mostly On High-Income Households And Businesses
Senator Bernie Sanders (I-VT) would increase federal taxes by more than $23 trillion over 10 years, according to a new analysis by the Tax Policy…
Read MoreNCCPAP calls for pushing all tax deadlines to Oct. 15
The group says the Treasury’s actions so far don’t reflect the difficulties taxpayers and tax professionals are facing. Original Article Posted at : https://www.accountingtoday.com/news/nccpap-calls-for-pushing-all-tax-deadlines-to-oct-15
Read MoreEmbracing digital disruption to drive growth
Here are some ways accounting firms can thrive in the digital age. Original Article Posted at : https://www.accountingtoday.com/opinion/embracing-digital-disruption-to-drive-growth
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