The president said he would allow individuals and businesses to “defer tax payments without interest or penalties” and he urged Congress to cut payroll taxes.
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March 14, 2020
Upcoming Events March 14, 2020
Trump calls for deferral of tax payments from coronavirus victims
By Michael Cohn      4 min read
The president said he would allow individuals and businesses to “defer tax payments without interest or penalties” and he urged Congress to cut payroll taxes.
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Complete coverage of the coronavirus impact
Accounting Today has launched a comprehensive feed of our coronavirus coverage, with analysis of its impact and how the profession is responding. As a service to readers, content on this page does not require registration.
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Treasury considers extending April 15 tax deadline over coronavirus
By Laura Davison and Saleha Mohsin      4 min read
The U.S. Treasury Department is considering extending the 2019 tax-filing deadline beyond April 15 to provide relief from economic disruption caused by the coronavirus outbreak, according to two people familiar with the matter.
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High-deductible plans can cover coronavirus costs: IRS
By Jeff Stimpson      1 min read
Notice 2020-15 clarifies what Covid-19 expenses can be covered from HSAs.
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The Wayfair burden on small businesses
By Roger Russell      6 min read
A congressional hearing highlights the ways the sales tax decision is impacting those least able to bear it.
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Accountant groups call for extending filing season amid coronavirus threat
By Michael Cohn      3 min read
The National Society of Accountants, NCCPAP and the AICPA are asking the IRS and Treasury for tax relief during the pandemic.
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Treasury, IRS heading in the direction of greater disclosure requirements
By Anthony Licavoli      3 min read
Here are some of the significant disclosure items that are either already required, or will be required, for next filing season.
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Top trends in auditing
Between new regulations, advanced software, and client demands, the audit is being reshaped as never before.
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The War of Auditor Independence
By Howard Fischer      4 min read
Who are the casualties of the SEC’s aggressive enforcement?
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Trump tells GOP he wants payroll tax waived through election
By Jennifer Jacobs      3 min read
The president spoke to Republicans at their weekly conference lunch at the Capitol as his administration prepares a package of economic measures to combat the fallout from the coronavirus outbreak.
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SEC rolls back audit requirements for smaller companies’ internal controls
By Michael Cohn      2 min read
The Securities and Exchange Commission is exempting filers with less than $100 million in revenue from the requirement for an attestation of their ICFR by an outside auditor.
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Will coronavirus create risk or opportunity for your firm?
By Bob Lewis      3 min read
A proactive approach to the impact of the disease on your clients on your clients will make all the difference.
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