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Tax Deadline Could be Extended to Sept. 15 (Or even Dec. 15)

(CPA Practice Advisor) - Although talks within the Trump administration are still in the preliminary stage, NBC news has reported that the deadline could be postponed again to September 15—or even as late as December 15.


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Over 80% of U.S. Small Businesses Expect Longer Impact of Pandemic: Survey 
(Reuters) - Eighty-one percent of small U.S. companies surveyed by Veem, a global payments network, expect the new coronavirus pandemic to affect their business over the next 12-16 months, and nearly 90% are bracing for an economic slowdown, the company said Monday.


Lesson From The Tax Court: Late Is Late! The Impact Of COVID-19 On Filing Petitions 
(TaxProf Blog) - A recurring issue in Tax Court litigation is the timeliness of petitions. Currently the rules are strict. While the Tax Court has used some very creative legal reasoning over the years to find some small stretch in the statutes,


Overcoming Site Visit Limitations in the Pandemic 
(JofA) - Auditors have traditionally relied on varying degrees of physical proximity to accomplish our audit objectives. Audit site visits are the most obvious example of how practitioners capitalize on proximity to perform their duties.


For Central Banks, Hope for Precision Fades Amid Pandemic Uncertainty 
(Reuters) - Central bankers who have spent a generation researching how their words influence the economy and honing the craft of "forward guidance" are now effectively tongue-tied


A Silver Lining Among Record Job Loss 
(Kiplinger) - While employment fell by a record 20.5 million in April, 18 million of those lost jobs were classified as temporary layoffs, providing a small silver lining.


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