Drake Software blog for tax pros, covering tax, IRS news, and more

NASBA Recommends CPE Grace Period

NASBA Recommends CPE Grace Period

The National Association of State Boards of Accountancy (NASBA) on Tuesday announced that it was recommending state boards of accountancy across the country extend their CPE-completion deadlines to accommodate accountants affected by COVID-19 disruptions.…

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Treasury Announces Tax Credits for Virus-Hit Businesses

Treasury Announces Tax Credits for Virus-Hit Businesses

The Treasury Department, along with the IRS and the U.S. Department of Labor, have unveiled a package of tax credits for small and midsize employers can use to “immediately and fully” reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to employees.…

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