Coronavirus

A host of developments promise to complicate this year's run-up to April 15.

PricewaterhouseCoopers is turning some of the digital tools it developed internally to train its staff into artificial intelligence products its clients can use in their finance departments.

The Financial Crimes Enforcement Network issued a warning about the widening range of scams involving Economic Impact Payments aimed at recipients of COVID-19 relief.

Leaders of the House Ways and Means Committee want the Internal Revenue Service to assist taxpayers who are getting information returns in the mail for unemployment benefits they never received.

Governments around the world are confronting budget deficits due to the COVID-19 pandemic and corporate tax leaders are worried about higher tax assessments, double taxation, penalties, interest and surcharges.

Right out of the gate, this year has provided some intriguing storylines that undoubtedly will have ripple effects when tax pros sit down with their clients next winter.

Two leaders of Congress’s main tax committee are questioning why the Internal Revenue Service keeps sending notices to taxpayers about missing returns when it’s still catching up on unprocessed mail.

The vaccine rollout may not be happening as fast as we’d like, but an end to the worst of the pandemic is on the horizon. Is your firm ready for it?

The Biden administration will give exclusive access to the Paycheck Protection Program to the nation’s smallest businesses for two weeks as part of a broader effort to steer federal aid to the most vulnerable parts of the economy.

Two members of Congress teamed up Friday to introduce a bipartisan bill that would offer tax credits for income from tips to beauty salon owners and workers.

Democrats on the House Ways and Means Committee are urging the Internal Revenue Service to extend tax season beyond April 15 to give taxpayers another three months until July 15.

New guidance shows how employees and employers can carry over unused money from flexible spending accounts and dependent care assistance programs.

The Internal Revenue Service is still dealing with a backlog of unprocessed mail from 2020, hurting its efforts to provide help with COVID-19 relief payments and this year’s tax season.

Paul Knopp, KPMG U.S. Chair and CEO, posted an internal message on LinkedIn reiterating the firm's condemnation of "discrimination, harassment or racism" against Asian-Americans during the COVID-19 pandemic.

Holders of donor-advised funds increased their disbursements last year in response to urgent demands for greater charitable contributions to cope with the COVID-19 pandemic.

CFOs and other finance executives are finding they need to reforecast their company’s liquidity and cash flow on a weekly and even daily basis as they cope with the pandemic.

The Biden administration is likely to dramatically change its approach to tax policy, with the first step in the stimulus package it began pushing through Congress this month.

The CPA Consultants Alliance held its annual meeting online to discuss challenges confronting the accounting profession from COVID-19 and elect a new slate of officers for this year.

Household employers have seen a rapid increase in labor law requirements, as well as state and municipal paid time off and paid sick leave ordinances.

The pandemic has yet to subside in any meaningful way, and that means a certain level of uncertainty remains across industries, including accounting.