Payroll companies need guidelines on how to implement President Trump's executive order before they can start processing paychecks next month.
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August 13, 2020
Upcoming Events August 13, 2020
Payroll processors await IRS guidance on tax deferral
By Michael Cohn      8 min read
Payroll companies need guidelines on how to implement President Trump's executive order before they can start processing paychecks next month.
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Mnuchin, Kudlow say congressional vote needed for capital gains cut
By Jordan Fabian     1 min read
The White House isn’t considering an executive order to carry out President Donald Trump’s call for a cut in the capital gains tax because Congress probably would have to change the rate, administration officials said.
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AICPA offers FAQs for helping health care clients during coronavirus
By Michael Cohn     2 min read
Among the pandemic-related issues covered are how to handle the Paycheck Protection Program and other stimulus efforts.
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Employers face payroll tax dilemma after Trump delays due date
By Laura Davison     3 min read
President Donald Trump’s order to delay collection of payroll taxes thrusts a dilemma on U.S. companies: continue withholding the money from workers expecting bigger paychecks or pass it on and potentially put themselves or their employees at risk of a big end-of-year bill from the IRS.
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Trump pledges big tax cuts that may do nothing for the economy
By Laura Davison     4 min read
President Donald Trump is tapping his presidential authority to make tax changes that Congress is refusing to do, but his limited power means he could end up over-promising and under-delivering on his pledge to slash IRS bills.
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In the blogs: Still going viral
By Jeff Stimpson     3 min read
Reopening the IRS; wording a referendum; the season that won’t end; and other highlights from our favorite tax bloggers.
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Grant Thornton faces appeal on fraud and negligence lawsuit
By Michael Cohn     7 min read
The firm is awaiting a ruling in a case involving a manufacturing company owner who sued the firm for fraud, negligence and other claims after the firm failed to advise him of a tax strategy.
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Trump fires back at Manhattan D.A.’s hint of a fraud investigation
By Bob Van Voris     2 min read
President Donald Trump urged a judge to block a New York grand jury from reviewing his tax filings and disputed a suggestion by Manhattan District Attorney Cyrus Vance Jr. that the panel may be looking into bank and insurance fraud at the Trump Organization.
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Trump says he’s ‘seriously’ mulling a capital gains tax cut
By Laura Davison and Mario Parker     2 min read
President Donald Trump said he’s “very seriously” considering a capital gains tax cut, a move he decided against last September after saying it wouldn’t do enough to help the middle class.
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PwC expands corporate managed tax services in response to coronavirus
By Michael Cohn     6 min read
PricewaterhouseCoopers has been building its managed tax services business since 2017, but now it sees an opportunity to help companies who are dealing with COVID-19.
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