Featured News
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Effects of COVID-19 impose perilous challenges on NFPs
Management personnel, board members and volunteer officers in the not-for-profit community have been confronted with their share of challenges from COVID-19, in some cases putting their very viability at risk.
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Treasury pitches global minimum corporate tax rate
On Thursday, May 20, the U.S. Treasury Department said that, after meeting with other countries, it has proposed implementing a global minimum corporate tax rate with a floor of 15%.
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Management professionals share tips on building trust
Four experienced management accountants representing different industries shared their thoughts on how to build trust amidst major change.
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ARPA’s COBRA premium assistance clarified
IRS provides background and clarifications on how to provide premium assistance for COBRA health care continuation benefits to affected employees and other beneficiaries and claim a corresponding tax credit.
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RRF will stop accepting apps Monday, May 24
The Restaurant Revitalization Fund (RRF) will officially stop accepting applications Monday, May 24, at 8 p.m. ET, the U.S. Small Business Administration (SBA) announced.
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Could your organization be a cyberattack target?
Recent breaches have shown us how underprepared we are for major cyberattacks. Private sector companies must be as vigilant as the public sector, and the two must work together for maximum effectiveness.
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Families to receive child tax credit payments starting in July
The IRS will send the first monthly payments of the expanded and newly-advanceable child tax credit to eligible families on July 15.
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IRS starts refunds for tax returns claiming unemployment benefits
The IRS is starting to issue refunds to Americans who overpaid taxes on unemployment benefits this year.
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Taxpayers deserve pandemic penalty relief, AICPA says
In a May 15 letter to the IRS, the AICPA urged the agency to use “fair, reasonable and practical” penalty relief measures to mitigate the coronavirus pandemic’s impact on taxpayers.
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IRS extends application deadline for Tax Advocacy Panel
The IRS has extended the deadline for civic-minded volunteers to apply for membership on the Taxpayer Advocacy Panel for 2022.