With the Coronavirus pandemic across the United States, the US treasury secretary has announced that Americans will have an additional three months to file their taxes. This means that ‘Tax Day’ is now July 15th – and all taxpayers and businesses will have this additional time to file and make payments without interest or penalties. […]
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FAQs: What is blockchain and how does it impact me?
With the influx of new technologies, we know that the role of each accountant professional is changing. But with terms like “blockchain” and “cryptocurrency” being little more than buzz words to a lot of us, Jack Castonguay, our Director of Accounting and License Preparatory content, has answered some of our most frequently asked questions. Get […]
PSI Temporarily Closes Testing Centers
BREAKING NEWS. As more and more companies take measures against the spread of COVID-19, PSI have built out an internal task force that meets each business day to monitor the situation with Novel Coronavirus (COVID-19), and are in the process of closing testing sites and rescheduling CISA (and other) exams. Test Site Closures PSI test […]
NASBA recommends Notice to Schedule extensions for CPA Exam
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. […]
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 […]
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 […]
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 […]
FAQs: The future of the CPA
It’s no secret that the accounting profession is changing and with it, so is the future of the Certified Public Accountant (CPA). Whether it’s the rise of blockchain, or new business environments for entry level roles at accounting firms, CPAs are going to experience the lot of it in the years to come. So it’s […]
Press release: Surgent Exam Review wins 2020 BIG Innovation Award
Surgent announced it has been named a winner in the 2020 BIG Innovation Awards presented by the Business Intelligence Group. Over the past several years, Surgent has become a major player in the exam prep market, having invested millions of dollars in its proprietary A.S.A.P.® Techonology. Surgent prides itself on its sophisticated, adaptive approach to […]