Bipartisan legislation would extend the deadline after guidance from the Treasury Department fell short.
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March 20, 2020
Upcoming Events March 20, 2020
Daily Briefing
Senators introduce bill to extend tax-filing deadline to July 15
By Michael Cohn      4 min read
Bipartisan legislation would extend the deadline after guidance from the Treasury Department fell short.
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Complete coverage of the coronavirus impact
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Coronavirus relief law includes tax breaks for paid sick leave, family leave
By Michael Cohn      3 min read
A package of coronavirus relief legislation that was signed into law Wednesday includes provisions for paid sick leave, family leave and medical leave, along with tax credits to help employers and the self-employed pay for them.
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Coronavirus delays 2020 CPA Exam testing
By Sean McCabe      2 min read
NASBA and the AICPA announced the decision after test administrator Prometric closed its test centers across the United States and Canada for 30 days.
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PCAOB adjusts its audit inspections to remote work amid coronavirus
By Michael Cohn      2 min read
Officials and employees are working from home and doing inspections of U.S. audit firms remotely to protect them from infection.
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NCCPAP calls for pushing all tax deadlines to Oct. 15
By Daniel Hood      2 min read
The group says the Treasury’s actions so far don’t reflect the difficulties taxpayers and tax professionals are facing.
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Gravity Software adds multi-currency and enhanced multi-entity accounting
By Ranica Arrowsmith      1 min read
The new features, and Gravity Software’s platform as a whole, are aimed at businesses that manage multiple companies, each with its own separate database.
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Embracing digital disruption to drive growth
By Antti Nivala      4 min read
Here are some ways accounting firms can thrive in the digital age.
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Tax Fraud Blotter: Sleepy time
By Jeff Stimpson      6 min read
Dying to steal; just getting behind; apple and the tree; and other highlights of recent tax cases.
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McConnell coronavirus stimulus plan to give $1,200 to individuals, $2,400 to couples
By Laura Davison, Daniel Flatley and Steven T. Dennis      4 min read
A centerpiece of the package is tax rebates to individuals of $1,200 and $2,400 for married couples. Rebates are completely phased-out for taxpayers with incomes exceeding $99,000 for individuals or $198,000 for a couple.
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Mnuchin backs $1K per adult, $500 per child in payments
By Laura Davison and Saleha Mohsin      2 min read
U.S. Treasury Secretary Steven Mnuchin said he supports direct payments of $1,000 per adult and $500 per child to Americans within three weeks if Congress backs the plan.
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