As we shared recently, Prometric are closing their U.S. and Canadian testing centers until at least April 16 in response to the recommended measures to prevent the spread of COVID-19. This means that all current students in the process of testing will receive emails to reschedule after the closure ends, with no rescheduling fees applied. […]
Displaying: March 2020
IMA Announces Extended Testing Window
BREAKING NEWS.Institute of Management Accountants (IMA) just announced their response to the outbreak of COVID-19 in light of recent news of Prometric testing centure closures. In an email distributed to CMA candidates on March 19th, Dennis Whitney, CMA, Senior Vice President of ICMA wrote that they would be lengthening the upcoming CMA Exam testing window […]
Responding to the COVID-19 Crisis
We’re facing uncertain times right now as the Corona Virus spreads. Events are cancelled, businesses are closing, and travel has definitely slowed. It’s still tax season, however and millions of Americans still need to file. As we think about how to move forward with business as usual, here are some things we are doing here […]
Form 1040 Filing Date Not Extended
Treasury Secretary Steven Mnuchin stated at a press conference on March 17, 2020 that the payment deadline would be extended 90 days from April 15, 2020. His comments did not alter the Form 1040 filing deadline of April 15, 2020. Individuals can defer up to $1M, and corporations are able to defer up to $10M […]
10 Social Media Content Ideas for Tax Preparers
You may be a pro at filling out forms and filing taxes for even the most complicated returns. But actually doing the work is only one part of being a tax business owner. You’ve also got to figure out how to get clients through your door. Direct mail, print ads, and networking are one thing, […]
Non-Filers Beware
The IRS recently announced a renewed focus on non-filers by way of Information Release 2020-34 and Fact Sheet 2020-2. Both were issued on February 19, 2020 and warn of the IRS increasing face-to-face visits with high-income taxpayers who have not filed tax returns in 2018 or previous years. The IRS has hired additional enforcement personnel […]