Disaster recovery

The Internal Revenue Service has been extending tax relief to Americans affected by natural disasters like hurricanes and wildfires, but recent legislation could make it easier to qualify for federal tax relief.

Lawmakers proposed bipartisan legislation in the Senate to allow the Internal Revenue Service to postpone filing deadlines when a state-level disaster declaration is issued, rather than waiting for the federal government.

The IRS is giving those impacted by the hurricane until the new year to file various returns and make payments.

The service didn’t flag hundreds of millions of dollars of unsupported deductions.

The House introduced bipartisan legislation Tuesday to provide tax deductions for timber growers to recover from the loss of forests.

The Small Business Administration pushed back the deferment period for all its disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until next year.

Following the disaster declaration by FEMA, the IRS is able to offer all sorts of relief to Texans.

A group of Senate Democrats introduced legislation to offer tax relief to individuals, businesses and states affected by catastrophic wildfires and other presidentially declared disasters.

The IRS has pushed back filing and payment deadlines for affected taxpayers.

With economic uncertainty, a pandemic, and concerns around race and equity topping daily headlines, existing initiatives to transform and innovate across people, processes and technology have become more amplified.

The coronavirus pandemic has many accountants considering the cloud, but it’s not a simple decision.

The COVID-19 pandemic has highlighted the need to have a business continuity and disaster recovery plan and a pandemic plan in place.

Employment growth at small businesses improved slightly in May, up 0.25 percent, as stay-at-home orders eased in most states, but that was only after reaching historic lows in April, according to payroll giant Paychex.

But relatively few audit execs are actually performing reviews of critical risk areas such as health and safety.

Many will reconfigure what they do to the new reality and will make some investments in updating and formalizing some of their Band-Aid processes.

A lack of modern lease accounting capabilities makes it difficult for many businesses with large lease portfolios to regain control, improve liquidity and plan for the future.

Employees are worried about whether they can return to work safely.

Despite this unprecedented crisis, organizations are responding with determination, purpose and compassion.

More than one-fourth of CFOs anticipate layoffs at their organizations, a significant increase from two weeks ago, according to a new survey.

The IRS is pushing deadlines and payment deadlines back to July 15 for some taxpayers.