A one-year delay in the lease accounting effective date for private companies and most not-for-profits is among the changes the Financial Accounting Standards Board (FASB)
COVID-19 Resource Center
We have created this page to provide easy access to all COVID-19 related news and updates.
The IRS expects to create a portal later this month or in early May to let people update their direct deposit information and check on the status of their payment. This will allow taxpayers to receive payments immediately as opposed to checks in the mail.
The CARES Act relaxes NOL and excess business loss rules, increases business interest deduction limit and corrects asset life of Qualified Improvement Property.
The CARES Act includes provisions for $300 charitable contribution deduction & student loan repayments made on behalf of employee by employer up to $5,250.