Coronavirus

Security experts are seeing a rise this tax season in phishing schemes and malware tied to hot-button subjects like tax refunds, stimulus payments and COVID-19 vaccines.

The long-awaited aid program aims to help music venues, performing arts groups, nightclubs, movie theaters and museums.

Notice 2021-25 offers details on a provision of the COVID-19 relief package from last December that allows a temporarily larger deduction.

The Treasury and the IRS have sent out roughly 156 million payments to people, totaling roughly $372 billion.

The board is planning changes in how it conducts inspections of audit firms, and where it will focus.

From adding new services to changing investment strategy, accounting firms are finding a new way to serve their clients following an unprecedented year.

The service intends to take steps to automatically refund money starting in May and continuing through the summer.

The service released a FAQ to explain how students and universities should report emergency financial aid grants related to the pandemic.

As companies prepare to file for the upcoming tax season, businesses face uncertainty emerging from an enduring pandemic. Further, dealing with multiple jurisdictions’ changing laws, deadlines and requirements can often require a small army of specialists.

The economy continued to rebound this year despite the ongoing COVID-19 pandemic, payroll giant ADP reported Wednesday.

The Internal Revenue Service responded Tuesday to calls for extending more tax deadlines by giving taxpayers until May 17 to make IRA and HSA contributions and file some refund claims.

Small businesses are recording a significant jump in job growth this month, while weekly and hourly earnings grew as well, according to payroll giant Paychex.

The Internal Revenue Service plans to begin issuing Economic Impact Payments to Social Security recipients and other federal beneficiaries this weekend after weeks of delay.

10 major developments, from the pandemic and Wayfair to sin taxes, that are all likely to play major roles.

Announcement 2021-7(1) lets taxpayers deduct money spent on masks, wipes and other supplies in certain circumstances.

Household employment has its share of nuances that may catch accountants and families off guard, cause noncompliance, and cost your clients money. Here are some of the typical tax season mistakes we see made by accountants and families and how to fix them.

The 2021 Q1 AICPA Economic Outlook Survey found that while the vast majority of accounting businesses plan no reduction in their office space over the next year, a growing number said they would reduce their space by at least 10 percent as a result of the pandemic.

The U.S. Senate approved a two-month extension of a popular U.S. small-business relief program that still has about $79 billion left to distribute, giving companies until the end of May to apply for the forgivable loans.

Many of the temporary tax provisions are expected to be included in President Biden’s next piece of tax legislation later in 2021.

The Internal Revenue Service has changed the calculation for determining the $10,200 exclusion on unemployment benefits in the new pandemic relief package, allowing more taxpayers to qualify, but forcing tax software developers to update their programs.