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As the COVID-19 pandemic sends shock waves through every industry, small and midsize businesses must adapt to President Trump’s Families First Act.

In the wake of the COVID-19 pandemic, the Treasury and IRS have taken major coordinated action that tax and financial advisors can act on.

The IRS will host a teleconference for tax professionals on Thursday, April 2, to share information about the coronavirus tax relief and to hear questions and concerns.

The Wisconsin Department of Revenue has proposed guidance for the state’s tax return due dates and payments.

The U.S. Department of Labor released its first round of guidance explaining paid sick leave and expanded family medical leave under the Families First Act.

The IRS has released FAQs regarding Notice 2020-18, which provides relief to taxpayers impacted by the COVID-19 pandemic.

The AICPA now has a COVID-19 resources page to help tax practitioners help their clients during this public health emergency.

Due to quick action and many hours of communication with state lawmakers, accounting services are now considered essential during Gov. Tony Evers’ Safer at Home order.

The Treasury’s decision to merge the tax filing deadlines to July 15 came as welcome relief to many tax professionals, but those deadlines could very well shift again.

On the morning of March 23, Gov. Tony Evers issued a ‘safer at home’ order starting Tuesday, March 24, to ensure the health and safety of Wisconsinites during the coronavirus pandemic.