Democrats on the tax-writing House Ways and Means Committee have sent a letter to Treasury Secretary Steven Mnuchin asking what has happened with the delayed economic impact payments.
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April 25, 2020
Upcoming Events April 25, 2020
Lawmakers demand answers about delayed stimulus payments for coronavirus
By Michael Cohn      3 min read
Democrats on the tax-writing House Ways and Means Committee have sent a letter to Treasury Secretary Steven Mnuchin asking what has happened with the delayed economic impact payments.
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EY must pay $10.8M to whistleblowing auditor
By Ellen Milligan     2 min read
Ernst & Young must pay $10.8 million to an auditor who blew the whistle on wrongdoing at a Dubai gold refiner in another black eye for the U.K. accounting industry.
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IRS hits the brakes on collections in response to the coronavirus
By Roger Russell     3 min read
To help taxpayers struggling with the pandemic, the service will suspend most collection activities.
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Working from home? Beware of the Doom Loop
By Kyle Walters     4 min read
Right now, we’re in the danger zone of having some of these pandemic-era habits becoming permanent.
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Senate Democrats denounce $195B tax break in coronavirus relief package
By Michael Cohn     3 min read
Two Senate Democrats are criticizing a little-known provision of the CARES Act stimulus package that would provide a tax break mostly to wealthy taxpayers, suspending excess business losses for prior tax years.
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The death of traditional accounting
By Therese Tucker     4 min read
What once was considered the optimal means of processing financial data manually using spreadsheets now seems as archaic and risky as driving with a map in one’s hand.
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Timeless blunders: What mistakes are clients making this season?
By Jeff Stimpson     3 min read
Pandemic or not, taxpayers are making many of the same blunders, according to tax professionals.
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Take your accounting practice virtual in 5 steps
By Jason Blumer, Jason Schow and Jason Blumer
Starting a virtual accounting practice or transitioning from a conventional one can lead to a fantastic lifestyle, and can also open up considerable professional opportunities.
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Art of Accounting: Deciding who to let go
By Edward Mendlowitz     4 min read
In normal times, ideally no one should be let go unless they are just not good. In these times, being practical means some may need to go. How do you decide?
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IRS proposes rules for unrelated business income for tax-exempt groups
By Michael Cohn     2 min read
The Internal Revenue Service and the Treasury Department issued proposed regulations on a provision of the Tax Cuts and Jobs Act.
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