New Rules for Retirement Plans in 2020

New Rules for Retirement Plans in 2020

The Coronavirus Aid, Relief and Economic Security (CARES) Act contains provisions that make it easier to withdraw funds in certain tax-advantaged retirement accounts like 401(k)s and traditional Individual Retirement Accounts (IRAs). These temporary changes eliminate...
Covid-19 could change your financial statements and audit

Covid-19 could change your financial statements and audit

Among the many far-reaching effects of the pandemic is the immediate effect it is having on financial statements and the way accountants need to audit them. The AICPA recently issued two Special Reports about these matters to help management and their accountants...
Employee Retention Credit and Payroll Tax Deferral

Employee Retention Credit and Payroll Tax Deferral

As many businesses have been affected negatively across the nation due to the effects of the Coronavirus, there are a number of payroll tax benefits resulting from the CARES Act that have become available to help employers during this difficult time. One option for...