In response to the coronavirus pandemic, Treasury Secretary Steven Mnuchin announced on Tuesday, March 17, that taxpayers will be granted an additional 90 days to pay taxes owed, without any interest or penalties. Individuals can defer up to $1 million dollars of tax liability and corporations up to $10 million in tax liability.
However, the IRS ... Read More ›
On Friday, December 20, 2019, the “Further Consolidated Appropriations Act, 2020” (FCAA) was signed into law by President Trump. In addition to containing a number of necessary spending provisions to keep the federal government from shutting down, the FCAA contains eight bills including the extension of expiring health programs and tax provisions.
Following are some of ... Read More ›
For Quickbooks users, effective January 14, 2020, Microsoft will no longer provide security updates or support for PCs running Windows 7. This means that computers running on Windows 7 will be more vulnerable to security risks and viruses.
To avoid these risks, Microsoft recommends upgrading to Windows 10. To help companies/QuickBooks users safeguard their personal information, ... Read More ›