The postponed filing date gives taxpayers extra time to lower their tax burden with some last-minute strategies.
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May 8, 2020
Upcoming Events May 8, 2020
Daily Briefing
Make the most of the July 15 tax deadline
By Roger Russell      3 min read
The postponed filing date gives taxpayers extra time to lower their tax burden with some last-minute strategies.
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Coronavirus: Stay up to date
Accounting Today has compiled in one place all its coverage of the pandemic, how it's affecting the industry, and what you need to know going forward.
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AICPA delays effective dates of ethics rules due to coronavirus
By Michael Cohn      4 min read
The American Institute of CPAs’ Professional Ethics Executive Committee has decided to postpone the effective dates for three of its ethics interpretations in its Code of Professional Conduct for one year, due to the impact of the novel coronavirus pandemic.
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Treasury will let employers claim retention tax credit and provide insurance to furloughed workers
By Michael Cohn      2 min read
The decision, prompted by requests from a bipartisan group of lawmakers, reverses previous IRS guidance.
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Our profession has changed forever
By Gary Shamis      6 min read
The coronavirus pandemic will leave indelible marks on accounting.
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IRS proposes guidance on itemized deductions for estates and trusts
By Michael Cohn      1 min read
The guidance says some deductions of estates and non-grantor trusts are not considered to be miscellaneous itemized deductions.
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Right Networks acquires Rootworks
By Ranica Arrowsmith      2 min read
The move adds a suite of new ways Right Networks can support firm clients, which is part of their strategy of expansion of services.
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H&R Block launches CARES Act consulting for small biz
By Jeff Stimpson      1 min read
The tax prep chain is offering consulting services starting at $99.
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Tax Fraud Blotter: Pro’s now cons
By Jeff Stimpson      5 min read
Gave at the office; mortgage and mining; rotten to the corps; and other highlights of recent tax cases.
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The impact of COVID-19 on fear in accounting M&A
By Ira Rosenbloom      3 min read
It is no secret that many mergers and practice transfers never came to life because of fear.
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Finance execs work to manage coronavirus issues amid dire conditions
By Michael Cohn      3 min read
Financial executives are taking a two-phase approach to managing coronavirus issues that face their companies, according to a new survey.
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