The Latest News

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...
IRS, Treasury issue proposed regulations updating income tax withholding rules
The U.S. Department of the Treasury and the Internal Revenue Service today issued proposed regulations updating the federal income tax withholding rules to reflect changes made by the Tax Cuts and Jobs Act (TCJA) and other legislation. In...
IRS: Don’t Rush To Take 2020 IRA RMDs, You Might Not Have To
The Internal Revenue Service is giving financial institutions a break when it comes to notifying retirement account holders about the new rules for taking required payouts known as RMDs. In Notice 2020-06, the IRS says that financial institutions...
The financial and human cost of loneliness in retirement
Social isolation and loneliness are not topics most CPA financial planners focus on when working on a client's retirement plan, but they are important to address. Isolation and loneliness can have serious emotional, social, and financial...

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