The Progressive Accountant

IRS: First Refunds Out Next Week

tax formThe Internal Revenue Service expects the first refunds will got out to taxpayers next week with many paid by mid-to-late February as in past years. The agency made that statement as tax season opened this week and it works to return operations to normal following the government shutdown.

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AICPA Wants More Tax Penalty Relief

Annette Nellen, AICPATaxpayers need additional and more extensive relief from penalties for withholding and estimated tax payments, the American Institute of CPAs said this week. The AICPA wrote to leaders of the U.S. Department of the Treasury and Internal Revenue Service saying relief is needed because so many are unable to adjusting withholding and estimated payments for 2018 because of the changes brought about by the Tax Cuts and Jobs Act.

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Paychex Updates HR System

Paychex has introduced enhancements to its Paychex Flex HR application. Among the updates includes the ability to tailor the frequency of employee reviews, such as quarterly and monthly.

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