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Treasury Secretary Steven Mnuchin announced that his department is pushing back the April 15 tax filing deadline, giving individuals and many businesses 90 extra days to pay taxes they owe. Individuals can defer up to $1 million of tax liability and corporations get an extension on up to $10 million, Mnuchin said Tuesday at a […]
The Certified Financial Planner Board of Standards announced on Tuesday the immediate closure of all CFP Certification Examination testing sites due to the ongoing COVID-19 outbreak. Per the CFP Board, all CFP exam registrants affected by the closures will be rescheduled for the July 2020 CFP exam, currently scheduled for July 7-14, at no additional […]
In a press briefing Tuesday morning, Treasury Secretary Steven Mnuchin said that individual taxpayers who owe up to a million dollars in federal taxes can defer paying until July 15, while corporations can defer up to $10 million. “The reason we’re doing a million dollars is because it covers a lot of pass-through and small […]
Client engagement solution provider Practice Ignition has announced its Top 50 Women in Accounting list for 2019. First launched on International Women’s Day in 2018, the list was created to recognize female accounting professionals across the globe who promote “advocacy, change and community in their workplace and beyond,” according to Practice Ignition. Professionals were included […]
Many of us are consumed with tax season and trying to juggle our schedules and work along with handling the coronavirus situation. However, when a client has a problem or wants something from you, he or she needs your attention. Question: Are you as responsive as you need to be? Four things happened this past […]
The U.S. Chamber of Commerce called Monday for a three-month cancellation of all payroll taxes paid by employers to address “a sudden and sharp drop in demand” facing businesses due to the coronavirus pandemic. The powerful lobbying group included the recommendation, which faces bipartisan skepticism, among three policy proposals it said the U.S. should enact […]
Grant Thornton has named Pal Experiences as the third nonprofit in its Purple Paladin initiative — a program designed to help emerging nonprofit organizations move from startups to more sustainable organizations via funding, business advice and volunteer support. Based in Phoenix, Pal Experiences is a nonprofit dedicated to people with non-visible disabilities — such as […]
The Internal Revenue Service issued final regulations to increase the Offer in Compromise application fee to $205, while offering another way to waive the fee for low-income taxpayers based on their adjusted gross income. The IRS typically considers the taxpayer’s overall financial circumstances when weighing an OIC, to resolve the amount due and lessen the […]
Moore North America appoints its first member services coordinator; Sikich hires a director and senior manager; and more personnel news.
The Bonadio Group launches new website; Prager Metis relocates Long Island office; and more CPA news.
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