Featured News
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FBI warns of ransomware targeting schools
In a new report, the FBI recently identified an increase in ransomware targeting education institutions across the U.S. and United Kingdom.
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IRS expands help to taxpayers in multiple languages
The IRS has announced additional efforts to expand ways to communicate to taxpayers in different languages, including a Spanish version of Form 1040.
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DOR extends Wisconsin income tax filing deadline
The DOR is extending its deadline for state individual income tax return filing and payment to May 17, conforming to the IRS’ postponement of the federal tax filing deadline.
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New PPP guidance includes changes from American Rescue Plan
New PPP guidance from the SBA incorporates changes to the program made by the American Rescue Plan Act.
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IRS reboots Get My Payment stimulus tool
The IRS has rebooted its Get My Payment tool, so taxpayers can now check the status of their $1,400 stimulus payments.
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IRS postpones April 15 deadline
Treasury and the IRS have postponed the federal income tax filing due date for individuals for the 2020 tax year from April 15 to May 17.
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DOR: State unemployment compensation still taxable
Although the American Rescue Plan allows an exclusion of up to $10,200 of unemployment compensation for 2020 federal income tax returns, current Wisconsin law does not.
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IRS: No maximum age for making IRA contributions
Taxpayers of all ages may claim a deduction on their 2020 tax return for contributions to their IRAs made through April 15, the IRS recently noted.
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House passes PPP deadline extension
The U.S. House of Representatives on March 16 passed a bill to move the PPP application deadline from March 31 to May 31, sending the legislation to the Senate for consideration.
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Motivating your team during busy season
Accounting firm managers can take several steps to engage and motivate staff members during tax season.