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COVID-19 has thrust so much change on us recently and it keeps coming at an unprecedented pace. The most significant change is ensuring everyone’s safety and health, but in addition to changing our focus to health and wellness, we are also faced with shifting priorities in our firms, work and with our clients, too. Specifically, […]
Errors are turning up in the Internal Revenue Service’s $1,200 payments to households this week, with some people receiving too little, a handful getting more than expected and some seeing their payment go into an unrecognizable bank account. Many of the millions of people expecting the payments are struggling with an IRS “Get My Payment” […]
Everyone suddenly needed a new mouse and keyboard, and nine other developments in technology from this past month and how they’ll impact your clients and your firm.
The U.S. Supreme Court set a May 12 argument date for blockbuster cases over grand jury and congressional subpoenas for President Donald Trump’s financial records. The subpoena cases are among 10 the court is hearing by telephone in a special May session that will include the first live broadcasts of Supreme Court arguments. The court […]
Construction firms have had a larger share of loans approved than other industries so far under a government program meant to help small businesses survive the coronavirus outbreak, and the average loan amount for all applications has been about $239,000, a new report shows. The U.S. Small Business Administration on Tuesday released the most comprehensive […]
Amid panicked business clients, the rapid transition to a new normal way of working and tracking multiple (complex) COVID-19 economic relief efforts, I still keep coming back to one word that best describes what I’m feeling (and I’m sure it’s not any word you might be thinking): passion. I’ve long had a passion to help […]
Small businesses are dealing with frustrating delays and changing guidance in applying for and receiving help from the Small Business Administration in its new Paycheck Protection Program, while also trying to choose whether to go with that program or another one that’s offered with a tax credit for retaining employees during the novel coronavirus pandemic. […]
IRS slowdown; relief checks and debt collectors; oil and gas reporting; and other highlights from our favorite tax bloggers. Time enough at last TurboTax (https://blog.turbotax.intuit.com): What to remind them about extensions, and how this automatic one is also an extension to pay. Rubin on Tax (http://rubinontax.floridatax.com): Additional extensions have been granted aimed at estate and […]
More than one-fourth of CFOs anticipate layoffs at their organizations, a significant increase from two weeks ago, according to a new survey. The survey, from PricewaterhouseCoopers, found that 26 percent of the CFOs polled from 313 U.S. companies anticipate layoffs, compared to 16 percent two weeks ago during a similar survey by PwC of CFOs […]
I hope as you read this, you and your loved ones are safe and healthy. As many of us enter another week of working from home, cabin fever is likely setting in, if it hasn’t already. You may find yourself struggling to keep spirits and energy up while in quarantine. Lack of sunlight, fresh air […]
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