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The Internal Revenue Service said Friday that it is shutting down its Practitioner Priority Service line, the e-Services Help Desk, as well as the e-Services FIRE and AIR system help desks are closed until further notice, due to staff limitations amid the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/irs-closes-practitioner-priority-service-and-e-services-help-desk-due-to-coronavirus
Read MoreI’m a medical doctor. Day to day, I focus on the practice of emergency medicine. I’ve never considered myself an alarmist. Actually, I’ve been trained to be calm in the face of tragedy. Many of my friends in business are concerned that the medical community and politicians are overreacting to the novel coronavirus. They are…
Read MoreIf you’re looking to eliminate your credit card debt, a Cash-Out Refinance is the way to go. Even in these trying times, homeowners can look to the equity that they have built up in their homes, through rising home values and payments made on the loan, to solve their high-interest debt issues. While many businesses…
Read MoreThe passage extends the IRA contribution deadline and waives RMDs for 2020. Here’s what else financial advisors need to know. Original Article Posted at : https://www.accountingtoday.com/news/new-cares-act-would-bring-tax-relief-for-retirement-accounts
Read MoreStarting May 2020, CIMA students can take their exams outside of testing centers due to the ongoing COVID-19 outbreak. Original Article Posted at : https://www.accountingtoday.com/news/cima-exams-to-allow-first-ever-remote-testing
Read MoreThe American Institute of CPAs wants the Internal Revenue Service and the Treasury Department to give taxpayers more tax filing and payment relief during the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-asks-irs-for-wider-tax-relief-amid-coronavirus
Read MoreWe represent the front lines in this ongoing crisis, and we are disheartened by not only the lack of support but overwhelming greed from just about all of you. We have kept our mouths shut and practiced medicine, providing excellent patient care, while many of you became incredibly wealthy on the backs of our hard…
Read MoreOn March 19 we launched a tracker providing a repository of information related to state fiscal policy responses to COVID-19. We are updating the tracker frequently and will be using the Tax Foundation blog to summarize new developments and provide analysis of relevant trends as they emerge. This post is part of that series. Past Updates:…
Read MoreFor small and midsized CPA firms, one of the most common complaints among both line partners and senior management involves compensation and annual adjustments. Original Article Posted at : https://www.accountingtoday.com/opinion/avoid-these-traps-when-dividing-partner-compensation
Read MoreAlongside our sister publication Reinsurance News, we’ve launched a new survey for the insurance, reinsurance and insurance-linked securities (ILS) industry, asking for your opinion on the market implications of the Covid-19 coronavirus pandemic. We are witnessing history unfolding as a global industry that is profoundly connected and affected – personally and professionally – by the…
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