Notice 2020-15 clarifies what Covid-19 expenses can be covered from HSAs.
The president said he would allow individuals and businesses to “defer tax payments without interest or penalties” and he urged Congress to cut payroll taxes.
Anything that heightens fear and anxiety is a boon to online scammers, which is what makes the current coronavirus pandemic prime time for cybercriminals to try and trick people into giving their money away to the wrong people.
The U.S. Treasury Department is considering extending the 2019 tax-filing deadline beyond April 15 to provide relief from economic disruption caused by the coronavirus outbreak, according to two people familiar with the matter.
A proactive approach to the impact of the disease on your clients will make all the difference.
Telework eligibility; ineffectual and evil; unpredictable refunds; and other highlights from our favorite tax bloggers.
The president spoke to Republicans at their weekly conference lunch at the Capitol as his administration prepares a package of economic measures to combat the fallout from the coronavirus outbreak.
Key Democrats poured cold water on President Donald Trump’s proposal to include a payroll tax cut as part of his plan to respond to the coronavirus. Senior Republicans also held back from endorsing the suggestion ahead of a key lunch meeting on Tuesday.
Insights on how firms can prepare themselves and their clients for the world after COVID-19.
-
Coronavirus is an opportunity for the accounting profession to make strides in two important areas.
March 17
Accounting Today -
Firms across the United States are facing the reality of going remote quickly as COVID-19 spreads and states attempt to stem the contagion.
March 16
-
More than half of chief financial officers see the potential for a significant impact on their business operations, according to a new survey from PwC.
March 16 -
The U.S. Chamber of Commerce called Monday for a three-month cancellation of all payroll taxes paid by employers to address “a sudden and sharp drop in demand” facing businesses due to the coronavirus pandemic.
March 16
-
When a client has a problem or wants something from you, he or she needs your attention. Are you as responsive as you need to be?
March 16
Withum -
The U.S. Treasury will be able to support smaller businesses impacted by the coronavirus through an economic relief plan that the House passed late Friday, Treasury Secretary Steven Mnuchin said in a statement.
March 16
-
White House officials are discussing temporarily allowing cash-strapped airlines to keep some taxes and fees they collect from passengers as a way to help as travel plummets due to the spread of coronavirus.
March 16
-
Accounting firms across the nation are knee-deep in tax season, but now, they are also knee-deep in a crisis no one could have predicted.
March 16
-
The National Society of Accountants, NCCPAP and the AICPA are asking the IRS and Treasury for tax relief during the pandemic.
March 13
-
Notice 2020-15 clarifies what Covid-19 expenses can be covered from HSAs.
March 12
