IRS to recalculate taxes on unemployment benefits; refunds to start in May
To help taxpayers, the Internal Revenue Service announced yesterday that it will take steps to automatically refund money this spring and summer to people...
Forbes: IRS And Treasury Issue Guidance On Trump’s Payroll Tax Deferral
The Treasury Department released long-anticipated guidance on President Trump's tax holiday memorandum last week. This article linked below written by Forbes Contributor Shahar Ziv,...
Forbes: Payroll Tax Cut Starts September 1
President Donald Trump issued a payroll tax holiday through an executive memorandum, that began on September 1, 2020.
There has been a lot of...
IRS Form 8300
How many forms does the IRS actually have? Does anyone at the IRS know? I’d love to know the answer to that question. If...
Publication 5419: New Employer Tax Credits
The IRS released a flow chart that clearly explains The Employee Retention Credit, which is designed to encourage employers to keep employees on their...
New Mailing Addresses for Form 941
New mailing addresses have been issued for paper Form 941, so check your mailing address before mailing. The due date has not changed, so 1st quarter payroll...
Families First Coronavirus Response Act (FFCRA) Leave Decision Tree
Now more than ever, employers need timely insight as you try to navigate the multitude of issues arising from the COVID-19 pandemic, especially those related to absence management.
Latest article
AICPA endorses bill to simplify tax filing extensions
The American Institute of CPAs (AICPA) has endorsed bipartisan legislation introduced by Representatives Judy Chu (D-CA) and Mike Carey (R-OH) to simplify the tax filing extension...
Simple estate planning conversations
Not all tax practitioners love the idea of offering estate and trust services and that’s okay. It is difficult to specialize in all the...
More CPAs on the way?
The CPA profession has been struggling for years to retain talent in the industry. The number of overall graduates coming out of school with...