Explore the latest shifts in U.S. accounting standards led by FASB, focusing on revenue recognition and lease accounting. Learn what these changes mean for businesses.
Read more...
Explore how accounting firms are embracing remote solutions, leveraging cloud technology, and enhancing client trust in the evolving digital landscape.
Read more...
This article explores the transformative impact of cloud technology on accounting practices, highlighting efficiency, security, and collaboration advantages.
Read more...
Explore how the shift toward digital commerce impacts sales tax compliance and the strategies businesses use to navigate these evolving regulations.
Read more...
Explore how leadership dynamics in accounting firms are changing due to technology and diversity trends, with insights into modern strategies and tools shaping the industry's future.
Read more...
How AI Is Reshaping Payroll: What Every Business Needs to Know The 2025 Payroll Special Report explores how artificial intelligence is revolutionizing payroll—transforming it from a back-office function into a strategic powerhouse. Discover how AI is enabling greater efficiency, accuracy, and compliance while unlocking real-time insights and cost-saving automation. With insights from industry leaders at ADP, Paychex, KPMG, and more,…
The Internal Revenue Service and state of Massachusetts have extended the filing deadline for some of the state's residents following the bombings at the Boston Marathon this week. The IRS extended the deadline for residents of Suffolk County and Boston for three months while the state has also postponed its deadline for all Boston-area residents.
The IRS gave the longer time for filing and payment to Boston all individuals in Suffolk County, including Boston, along with victims, their families, first responders, others impacted by the events who live outside Suffolk County and taxpayers whose tax preparers were affected. The deadline will be July 15. No penalties will be imposed if returns are filed and payment made by that date, but under the law, 3-percent interest compounded daily will apply to payments made after April 15.
Massachusetts initially announced it would delay the deadline until at least April 23, but also said in a press release that it would make the date selected by the IRS. The state's WebFile for Income will remain open for filing returns and extensions and making payments electronically.
For those outside Suffolk County, the IRS established a toll-free number (866) 562-5227, which will be available starting Tuesday, April 23. Taxpayers who receive penalty notices, can also call that number to have penalties abated. Those who need for time can receive an extension to October 15 by filing Form 4868 by July 15.
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
The