The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.
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May 20, 2020
Upcoming Events May 20, 2020
Daily Briefing
IRS starts using prepaid debit cards to send stimulus payments
By Michael Cohn      2 min read
The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.
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Pandemic strategies for firm leaders
Join Accounting Today for a roundtable webinar with Gary Boomer, Allan Koltin and Gary Shamis discussing how accounting firms can survive — and even thrive — in the COVID-19 environment.
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More clarity needed on PPP forgiveness
By Roger Russell      3 min read
The application from the Treasury leaves many questions unanswered.
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Crowe creates PPP loan forgiveness management solution for lenders
By Ranica Arrowsmith      2 min read
Crowe has joined the growing number of firms offering solutions to aid in Paycheck Protection Program participation.
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IRS criminal investigators’ undercover travel expenses probed
By Michael Cohn      3 min read
The Internal Revenue Service’s Criminal Investigation unit spent more than $1.3 million in fiscal year 2018 on undercover confidential operations, including travel costs, according to a new report.
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‘That’s not R&D’: Changing how engineers view R&D can increase tax credits
By Jamie Overberg      3 min read
Equip your boots on the ground to recognize R&D worthy of credit.
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How to advise clients with household help during the coronavirus pandemic
By Guy Maddalone      5 min read
For families who employ a nanny to care for their children in the home, there is the extra concern of what to do with their employee.
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Internal auditors prepare for the return to work post-coronavirus
By Michael Cohn      2 min read
But relatively few audit execs are actually performing reviews of critical risk areas such as health and safety.
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5 things companies should do in tough times
By Stephanie Brock      5 min read
As companies are evaluating continued operations, balancing profits with acceptable levels of loss, functioning with massively more remote work and trying to make up for economic disruptions, the first thought tends to be “How can we cut costs?”
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Amex offers Invoiced to merchant customers at 40 percent discount
By Ranica Arrowsmith      1 min read
The application gives customers access to more ways to receive payment from clients during a time when many businesses are experiencing interruption due to the coronavirus pandemic.
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In the blogs: Hero hour
By Jeff Stimpson      3 min read
Mute points; a twist on taking the AOTC; abolishing estate exclusions; and other highlights from our favorite tax bloggers.
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Educational Online Series - Implementing Cloud Tech
This one day virtual event will showcase real-world examples on how to implement Practice Ignition and other cloud accounting apps into your accounting practice, and streamline your operations. Join us online Wednesday, May 27th.
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