Penalty relief may be available to taxpayers who miss Sept. 15 tax deadline due to COVID-19

The Sept. 15 tax filing deadline is causing worries among taxpayers and tax practitioners in the midst of the pandemic, but the American Institute of CPAs believes that taxpayers will be able to avoid tax penalties if they write “COVID-19” at the top of their tax return.

Penalty relief may be available to taxpayers who miss Sept. 15 tax deadline due to COVID-19


Xero revamps Starter U.S. plans, debuts ‘Xero on Air’

Xero has revamped its “Starter” plans in the United States, prompted by the need to better support small and mid-sized businesses while they deal with the impact of the COVID-19 pandemic.

Xero revamps Starter U.S. plans, debuts ‘Xero on Air’


Wolters Kluwer buys XCM Solutions

The acquisition offers integration opportunities with CCH Axcess, Wolters Kluwer’s cloud-based software suite for professional firms.

Wolters Kluwer buys XCM Solutions


IRS adds marijuana industry page to website

The site informs cannabis business owners about their tax responsibilities.

IRS adds marijuana industry page to website


BDO USA sees revenue rise 11.3% to $1.8B despite pandemic

The biggest increase came in the advisory practice, where revenue rose 29.4 percent, followed by tax at 8.8 percent and assurance by 6.0 percent.

BDO USA sees revenue rise 11.3% to .8B despite pandemic


Remote work has made close management software indispensable

The move to remote work has made us realize that modern accounting software such as financial close solutions is no longer a nice-to-have, it’s a must-have.

Remote work has made close management software indispensable


AICPA opens 2020 CAS benchmark survey

The annual poll gathers input on key performance indicators, management strategies, staffing and financial results from accounting practices across the country.

AICPA opens 2020 CAS benchmark survey


Art of Accounting: Planning a job

The better planned the job is, the better organized it is and the better it gets done.

Art of Accounting: Planning a job


The tax season that never ends

It’s been a most unusual year for tax pros, and National Conference of CPA Practitioners president Neil Fishman dives into the major issues — and what’s to come.

The tax season that never ends


House rejects Trump’s payroll tax deferral for its staff

The U.S. House of Representatives won’t implement President Donald Trump’s order allowing employers to defer payroll taxes owed by workers, joining major companies in rejecting the option.

House rejects Trump’s payroll tax deferral for its staff