April 15th Deadline to be Postponed? Plus, Trump Promises Relief Through Payroll Tax Cuts


Congress is evaluating the need to extend the April 15th filing deadline. With the impending slow-down of the workforce due to the Coronavirus, Congress is concerned that the IRS will not be able to provide taxpayer support or process returns timely. Read more about it here.

Or here if you pay for the Wall Street Journal.

In other news, in an effort to stale the downward spiral of the markets, Trump promised relief to the American family during the Coronavirus epidemic. He has proposed a bill that would decrease payroll taxes in an effort to put more money in the pockets of workers. Democrats are fighting the bill in its current form claiming there are more effective measures to support the people through the epidemic. Read more about it here.

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Liz Mason is a serial entrepreneur, a giant nerd, and an involved accounting vanguard. She is the Founder of High Rock Accounting, Rebel Rock Accounting, TheDepartment.Tax, and a few other related brands. Liz speaks on a national stage, guests stars on podcasts, and writes frequently. To further her passion for the advancement of the accounting profession, Liz currently serves as a Xero National Ambassador and as the Content Strategist for Tax Practice News. Liz started her career in tax at Grant Thornton (at 20) and automated a portion of her job landing her in the national tax practice. She spent a decade in large public accounting firms working on highly technical tax consulting before branching off on her own. Liz utilizes her creativity and passion at her company to uproot traditional practices and replace them with innovative concepts. She finds joy in efficient technology and her core belief is that everyone and everything can continuously improve (she says "be better" too often). When Liz isn't planning world domination in accounting, she is a die-hard skier, down for any adventure, plays the ukulele, reads everything, and has a good sense of humor. If you're looking for her, you can find her traveling the world and enjoying new food and cultures with her young son. Follow Liz and High Rock Accounting on Twitter at @LizzyNorMa and @HighRockCPAs.