The Latest News

Overwhelmed? Plain Talk On The Paycheck Protection Program For Small Businesses Affected By COVID-19
As COVID-19 continues to impact the United States, the federal government is taking action to ease the burden on taxpayers. Most recently, Congress passed a massive stimulus package that was signed into law by the President. The stimulus bill...
IRS issues warning about Coronavirus-related scams; watch out for schemes tied to economic impact payments
The Internal Revenue Service today urged taxpayers to be on the lookout for a surge of calls and email phishing attempts about the Coronavirus, or COVID-19. These contacts can lead to tax-related fraud and identity theft. "We urge people to...
AICPA-led coalition supports gross pay approach as calculation standard for PPP loans
An AICPA-led small business funding coalition, in conjunction with the National Payroll Reporting Consortium, issued a statement supporting the use of gross payroll based on 2019 data in calculations for Paycheck Protection Program (PPP) pandemic...
Massive Coronavirus Stimulus Package Contains Many Significant Tax and Employee Benefits Provisions
The Cares Act is a massive 2.2 trillion dollar package that contains a number of provisions to assist the United States economy combat the impact of COVID-19.
IRS post FAQs in regards to tax payment and filing relief announced last week
These questions and answers will be updated periodically and are designed to be a flexible tool to communicate information to taxpayers and tax professionals in this changing environment.
Accounting remains an essential business in the latest guidance issued by the Lamont administration.
The essential businesses or nonprofits designated in this guidance are not subject to the in-person restriction set forth in Executive Order 7H.
US tax filing deadline moved to July 15, Mnuchin says
Americans will have an additional three months to file their taxes amid the coronavirus pandemic, the US treasury secretary said on Friday.
Calming clients’ fears during the coronavirus outbreak
In February, Dave Stolz, CPA/PFS, was able to tell a delighted client that she had sufficient investment resources to retire. Two weeks later, the global stock markets began a roller-coaster ride that continues to this day, ravaging many...
What Will Be the Best Accounting Job in 10 Years?
Can you make the case the best accounting job today will also be the best job tomorrow? Yes. The Bureau of Labor Statistics (BLS) produces reports on Occupational Employment Statistics for accountants and auditors as a profession. Here are the...
SECURE Act changes rules to encourage retirement savings
Like a smorgasbord, the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 (Division O of P.L. 116-94) contains a wide assortment of changes to existing law, mostly designed to encourage retirement savings in various ways...

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