Under a recently enacted law, eligible small and midsize employers can claim two new refundable payroll tax credits, designed to reimburse them, dollar for dollar, for the cost of providing coronavirus-related leave to their employees. The relief was enacted under the Families First Coronavirus Response Act, P.L, 116-127, signed by President Donald Trump on March […]
Archives for March 2020
$2.2 Trillion Coronavirus Economic Stimulus and Relief Legislation Enacted; Rebate Checks May Be Larger Than You Think
Wolters Kluwer experts analyze potential tax implications Today, the US Congress passed its third and by far the largest piece of legislation in response to the Coronavirus COVID-19 pandemic, and the President has signed it into law. The “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act) includes relief and economic stimulus for individuals and […]
Optional delay provided in regulatory capital transition to credit losses standard
Federal bank regulators are providing an optional extension of the regulatory capital transition for FASB’s new credit losses standard in an attempt to make it easier for banking organizations to continue lending to households and businesses. The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the […]
Presentation: Big Data Legal Issues. GDPR and Contracts
InfoQ Homepage Presentations Big Data Legal Issues. GDPR and Contracts AI, ML & Data Engineering Like Bookmarks View Presentation Vertical Horizontal Full Speed: 1x 1.5x 2x Summary Anton Tarasiuk discusses the legal issues that can be encountered when dealing with Big Data, GDPR and contracts. Bio Anton Tarasiuk is Managing partner of Legal IT Group. […]
CPA Exam emergency testing period invoked
News PROFESSIONAL DEVELOPMENT By Ken Tysiac {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} CPA Exam candidates will have additional opportunities for testing during an emergency testing period that is being invoked by the National Association of State Boards of Accountancy (NASBA), the AICPA, and Prometric. Prometric previously announced that it is closing its testing […]
GASB Plans Postponement of Effective Dates
In view of the disruption caused by the COVID-19 pandemic, the Governmental Accounting Standards Board (GASB) has announced that it has added a project to its current technical agenda to consider postponing all Statement and Implementation Guide provisions with an effective date that begins on or after reporting periods beginning after June 15, 2018. Closure […]
Practitioner Priority Service, other IRS help lines suspended due to coronavirus
News Procedure & Administration By Sally P. Schreiber, J.D. {:else} {timeSince} {/if} {@if cond=”{isCGMA}”} {:else} {/if} {/.} The IRS announced the evening of March 26 that it was closing the Practitioner Priority Service, a special phone line for tax practitioners. It had previously announced that practitioners should be prepared for long wait times when using […]
Real ID deadline gets pushed back due to coronavirus
A view of an American Airlines ticket counter in Terminal D at Dallas/Fort Worth International Airport (DFW) on March 13, 2020 in Dallas, Texas. Tom Pennington | Getty Images With air travel at a near standstill amid the COVID-19 pandemic, the Department of Homeland Security is extending the Real ID enforcement deadline a full year […]
WeWork’s new crisis: ‘Workplaces will never be the same after this’
By Ellen Huet WeWork executives used to obsess over the number of people they could pack into each of the company’s shared workspaces. They said a more crowded office helped make the space feel active and spark collaboration when desk mates slid past each other in the hallways. The technique had an added benefit of […]
Wall Street tumbles after stellar rally as virus fears grow
(Reuters) – U.S. stock indexes fell sharply at the open on Friday, following the S&P 500 and the Dow’s best three-day run in nearly a century, as fears about the economic damage from the rapidly spreading coronavirus returned to the forefront. The Dow Jones Industrial Average fell 653.70 points, or 2.90%, at the open to […]