The Coronavirus Aid, Relief and Economic Security Act, a $2 trillion stimulus bill passed by the Senate, contains many tax provisions. The House is expected to vote on the bill Friday. Here's a look at the tax items, which include credits and temporary changes to retirement plan rules.
With many states closing schools and issuing stay-at-home mandates, families are struggling to establish a routine. Following certain steps can help working parents get things done while supporting children's education.
Several steps, including adjusting expectations and regularly communicating with others, can help you lead your team while practicing social distancing.
With so many employees working from home for the first time amid the coronavirus pandemic, web conferencing tools have become essential for staying in touch with co-workers. Here are some tips for creating a presentable and professional background for video chats.
Resources are inadequately allotted to governance, cybersecurity and other common risks under internal audit plans, according to The IIA's 2020 North American Pulse of Internal Audit. The report shows that 77% of internal audit executives deem cybersecurity a high risk but that 32% of internal audit plans allocate no resources to the subject.
An effective internal audit function needs team members from across an organization so that the program has shared ownership, writes Marie Lawton of Advanced Atomization Technologies. Lawton explains how to build a multifunctional team and emphasizes involvement by everyone during an audit, including presenting results to leadership.
Precautions taken against the coronavirus have emptied offices and headquarters of audit firms and clients. Remote audit procedures, which have gained in popularity in recent years because of technological advancement, might provide options for auditors in this environment.
In response to the coronavirus pandemic, the Internal Revenue Service has posted 24 questions and answers to clarify a notice delaying certain tax filing and payment deadlines until July 15. The IRS says it will consider issuing more guidance.