The AICPA Tax Executive Committee (TEC) has sent the IRS a letter requesting the Service update and modernize its e-filing signature requirements in four areas in response to the COVD-19 pandemic but with the aim of adopting the changes permanently to make it easier for all taxpayers and tax practitioners to use electronic signatures. In […]
New York City cop may be criminally charged for shoving woman at George Floyd protest, report says
Dounya Zayer films NYPD officer pushing her, later tweets from hospital bed. Source: Dounya Zayer The Brooklyn district attorney is considering filing criminal charges as early as Tuesday against a New York City police officer for violently shoving a woman to the ground during protests related to the death of George Floyd, WNBC New York reported […]
Do you have a disaster recovery plan?
One night last week a fire broke out in a building next to the office where my son works. Everything in their office was destroyed and the building will have to be repaired before they can return to it. Due to the current situation staff were already working remotely so work could continue without too […]
Elon Musk tells SpaceX employees that its Starship rocket is the top priority now
Elon Musk, founder and CEO of SpaceX, participates in a press conference at the Kennedy Space Center on May 27, 2020 in Cape Canaveral, Florida. NASA astronauts Bob Behnken and Doug Hurley were scheduled to be the first people since the end of the Space Shuttle program in 2011 to be launched into space from […]
Hire Someone Who is Better than You
“As the leader, you should be the smartest person at the company, and your job is to tell others what to do.” Did you make a face when you read that? I hope so! Hiring people because their primary attribute is that they will do as they’re told is not great leadership. Here’s a better […]
Huge demonstrations against racism take to the streets around the world over George Floyd killing
Demonstrators hold their fists in the air during at the Lincoln Memorial during a protest against police brutality and racism on June 6, 2020 in Washington, DC. Win McNamee People across the U.S. and other parts of the world are gathering in major demonstrations on Saturday against racism and police violence, marking the 12th consecutive […]
Current PFP News
To find all COVID-19 related content, visit aicpa.org/PFP/covid19 “Love has no meaning if it isn’t shared. Love has to be put into action.” – Mother Teresa. The power of your positive words, actions, objective guidance, and a caring ear can help others during this time of extreme hurt and suffering. Updated for 2020: The proactive […]
Morehouse College president: Most U.S. leaders are not prepared for dialogue about race
Morehouse College President David Thomas told CNBC on Friday that most U.S. leaders are not well-equipped to navigate honest dialogues about racism. “The leaders of most organizations in our country are not prepared to lead the kind of conversation that needs to be taking place,” Thomas said on “Squawk Alley.” Thomas, who became president of […]
Podcast: Social Security strategies to help your clients during the pandemic
During the coronavirus pandemic, you have witnessed uncertainty with personal finances and the anxiety that has come with even the best-laid plans. What can you do today to help your clients gain comfort and clarity? You can help them with their Social Security planning decisions. In this episode, learn from Social Security expert Ted Sarenski, […]
Qualified opportunity zone rules are relaxed
In Notice 2020-39, the IRS extended some deadlines for investing in qualified opportunity funds (QOF) and relaxed some investment requirements to make it easier for QOF investors to deal with the coronavirus pandemic. The QOF program created a process for designating certain low-income communities and qualifying contiguous census tracts as qualified opportunity zones (QOZs) (Sec. […]