That’s been a common question in the last week since a large proportion of businesses have had to close. But why? Directors don’t need to be assured that their job is safe.  It is safe.  It will be the last one to go if the business ceases to trade completely.  Isn’t this the perfect time […]

Millennials get a bum rap, in my opinion. It’s easy to laugh at the caricatures of avocado toast-eating complainers. But that’s not the millennials I know in the workplace. Their generation’s demands to change the way we work have impacted me in a positive way. I think the changes they advocate for are good for […]

The Ford Motor Co. Mustang Shelby GT500 vehicle is displayed during the 2019 North American International Auto Show (NAIAS) in Detroit, Michigan,. Daniel Acker | Bloomberg | Getty Images The 2020 Detroit auto show has been canceled as its venue will be used as a field hospital for the Federal Emergency Management Administration, according to […]

Abbott on Friday announced it received approval for a test that is capable of delivering positive results of the coronavirus in as little as five minutes, and it will begin making those tests available to health care providers next week. Courtesy of Abbott Abbott on Friday announced it received approval for a test that is capable […]

Under a recently enacted law, eligible small and midsize employers can claim two new refundable payroll tax credits, designed to reimburse them, dollar for dollar, for the cost of providing coronavirus-related leave to their employees. The relief was enacted under the Families First Coronavirus Response Act, P.L, 116-127, signed by President Donald Trump on March […]

In response to the coronavirus (COVID-19) pandemic, Congress has passed the anticipated Coronavirus Aid Relief and Economic Security Act (H.R. 748) to bring the resources of the federal government to protect the health and well-being of Americans. Join Bob Keebler, CPA/PFS, and Chris Hesse, CPA and chair of the AICPA Tax Executive Committee, as they […]

In this episode, Bob Keebler, CPA/PFS, shares tax planning ideas that are important to consider for recent decedents’ estates given the market volatility and other economic factors including: How can you leverage the loss harvesting strategy to tactfully offset gains over the next few years without violating the wash sale rules or your fiduciary responsibility? […]

News Procedure & Administration By Sally P. Schreiber, J.D. {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} The IRS announced the evening of March 26 that it was closing the Practitioner Priority Service, a special phone line for tax practitioners. It had previously announced that practitioners should be prepared for long wait times when using […]

U.S. government debt prices were slightly higher Friday morning after record unemployment figures triggered hopes for further stimulus amid the worsening coronavirus pandemic. At around 3:30 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at 0.7948%, while the yield on the 30-year Treasury bond was down at […]

The IRS on Wednesday provided further informal guidance on how its operations would change during the coronavirus public health emergency (IR-2020-59). (See prior coverage of IRS steps to protect taxpayers and its employees here.) The steps outlined, which the IRS is calling the People First Initiative, include the following measures, among others: Installment agreements: The […]