The Internal Revenue Service is pushing back the tax-filing deadline until May 17 after heavy pressure from Congress and tax and accounting groups. | IRS delays tax deadline until May 17 → | | By Michael Cohn 9 min read | | The Internal Revenue Service is pushing back the tax-filing deadline until May 17 after heavy pressure from Congress and tax and accounting groups. | |
| House votes to extend PPP deadline until May 31 → | | By Michael Cohn 5 min read | | The House voted to provide an extra two months for the Paycheck Protection Program, giving businesses until May 31 to apply for forgivable loans during the pandemic. | |
| KPMG U.S. publishes inaugural DE&I report → | | By Sean McCabe 2 min read | | The Big Four firm's "Diversity, Equity and Inclusion: 2020 KPMG U.S. Transparency Report" reviews its current diversity, equity and inclusion statistics and maps out its ambitious "Accelerate 2025" initiative. | |
| Biden vows to raise taxes on anyone earning over $400K → | | By Nancy Cook and Jennifer Jacobs 2 min read | | President Joe Biden said anyone earning more than $400,000 a year would see a tax increase under his forthcoming economic program, highlighting the administration’s plans to address inequality in part through levies on the wealthy. | |
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