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The pandemic is keeping CFOs and CEOs up at night as a leading global risk. Here are three basic suggestions to confront the economic risk. Continue Reading
This week's topics include payroll tax credit for newly-mandated sick leave; April 15 delay guidance; and what questions still remain. Continue Reading
On March 23, Governor Kate Brown issued Executive Order 20-12, effective immediately until further notice. This is a statewide order. Failure to comply with the order will be considered an immediate danger to public health. Continue Reading
Late on Friday, the IRS officially announced that, because of the ongoing coronavirus pandemic, tax returns due April 15 will not have to be filed until July 15 this year. Notice 2020-18 was released hours after Treasury Secretary Steven Mnuchin had broken the news in a tweet. Continue Reading
Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. Continue Reading
COVID-19 Treasury update, plus OR & WA DORs and OSCPA resources Continue Reading
A link to a video of the March 10 CAT update meeting in Ashland has been posted on the CAT page of the agency’s website. In addition, the Oregon DOR has posted a copy of the presentation used in the update meetings. Continue Reading
Today the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. Continue Reading
Learn five security best practices you need to have in place when working from home. Continue Reading
March 18, 2020 Washington – Following President Donald J. Trump’s emergency declaration pursuant to the Stafford Act, the U.S. Treasury Department and Internal Revenue Service (IRS) today issued guidance allowing all individual and other non-corporate tax filers to defer up to $1 million of federal income tax (including self-employment tax) payments due on April 15, 2020, until July 15, 2020, without penalties or interest. The guidance also allows corporate taxpayers a similar deferment of up to $10 million of federal income tax payments that would be due on April 15, 2020, until July 15, 2020, without penalties or interest. Continue Reading