The tax deadline is coming Wednesday after tax season was extended by three months to give taxpayers and preparers more time to deal with the novel coronavirus pandemic, but many of them will be dealing with extensions and amended returns in the months ahead.
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Upcoming Events
Daily Briefing
July 15, 2020
Upcoming Events July 15, 2020
Daily Briefing
Extended, stressful tax season finally coming to an end
By Michael Cohn      4 min read
The tax deadline is coming Wednesday after tax season was extended by three months to give taxpayers and preparers more time to deal with the novel coronavirus pandemic, but many of them will be dealing with extensions and amended returns in the months ahead.
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What is the "new normal" for engaging customers in the wake of COVID-19?
COVID-19 has disrupted the way customers interact with businesses, forcing companies to find new ways to best serve their needs. When you complete our confidential survey to help us understand the extent of the expected disruption in your customer interactions during the pandemic — and how your business is responding — we will donate to Direct Relief.
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The IRS is ‘back to its new normal’
By Roger Russell      3 min read
NCCPAP’s Stephen Mankowski offers an update on how the service is handling the pandemic.
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IRS previews changes in partnership forms for next year
By Michael Cohn      3 min read
The proposed drafts aim to provide more clarity for partners on how to figure their U.S. income tax liability.
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Tech news: XCM adds categories to workflow software, and more
By Ranica Arrowsmith
Accounting Seed releases software upgrade, Chargebacks911 intros payment suite for banks and financial institutions.
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Join this live 1-hour webinar and learn about some of the latest software and technologies in the accounting industry, which are helping our community move forward. Demos are followed by a live Q&A. Hosted by Accounting Today.
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Monitoring Group proposes changes to int'l auditing and ethics standard-setting
By Michael Cohn      5 min read
IFAC, the IAASB and IESBA will remain involved in setting standards, but with changes in governance and composition.
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Accountants and the 'next normal'
By Daniel Hood
MACPA CEO Tom Hood shares insights on how firms can safely bring staff back to work amid the COVID-19 pandemic -- and how the profession is going to be changed forever after the coronavirus.
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Advising clients hiring household help during the coronavirus pandemic
By Guy Maddalone      4 min read
Here’s what CPAs and their clients need to know when hiring an employee.
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Xero announces recipients of inaugural 'Forward Fund'
By Sean McCabe      1 min read
Three students, as well as their nominating firms, will receive $10,000 each for representing the "next generation of accountants."
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PCAOB announces 2020-21 scholarship recipients
By Sean McCabe      1 min read
The Public Company Accounting Oversight Board announced that 234 U.S. accounting students were selected to receive $10,000 scholarships.
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Avoiding tax services from audit firms proves initially costly for companies
By Michael Cohn      3 min read
Companies that don’t receive tax services from their auditing firms to avoid compromising auditor independence could end up paying more in taxes, at least temporarily, according to a new academic study.
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