Keep up with the latest news in the world of accounting and finance.
If you’ve recently moved, you should inform the IRS of your new mailing address. On its website, the IRS has […]
Many Americans are still waiting for Economic Impact Payments (EIPs) from the IRS, which are meant to ease the financial […]
The IRS has issued guidance clarifying that certain deductions aren’t allowed if a business has received a Paycheck Protection Program […]
The U.S. House has passed the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act. The bill would provide more […]
The IRS has increased the health Flexible Spending Account (FSA) carryover amount. In Notice 2020-33, the IRS stated that the […]
You still have time to make your 2019 traditional and Roth IRA contributions. The deadline is generally April 15 but […]
May 13 is the deadline to provide the IRS with information to get an Economic Impact Payment (EIP) via direct […]
Can an employer that averaged 100 or less full-time employees in 2019 treat its health plan expenses as qualified wages […]
Guidance from the IRS and the Employee Benefits Security Administration extends certain tax-related deadlines due to the coronavirus (COVID-19) national […]
The IRS has clarified that Payroll Protection Program (PPP) participants may be eligible for the employee retention tax credit. The […]
The coronavirus (COVID-19) pandemic has affected many Americans’ finances. You may have questions about the implications. For example, if your […]
The Paycheck Protection Program (PPP) is available to many U.S. small businesses affected by the novel coronavirus (COVID-19). Businesses can […]