Accounting News

News
CJBS
Yesterday IRS and the Department of Treasury announced that taxpayers will be allowed to defer payments related to 2019 tax returns until July 15th, thereby providing 90 extra days to pay additional tax. The amount of tax that can be deferred is capped at $1 million for individuals and $10 million for corporations.  The payment extension […]
March 18, 2020
2 MIN READ
News
CJBS
As part of a larger government spending package, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) was recently signed into law.  The Act includes many provisions and reforms aimed at making saving for retirement easier and more accessible. The Secure Act changes several provisions related to tax-advantaged retirement accounts.  Most provisions in […]
January 17, 2020
2 MIN READ
Insights
CJBS
Laws regarding retirement savings plans don’t change all that often or all that much. Occasionally, new regulations are issued mandating disclosures, but they go largely unnoticed – and inflation-adjusted contribution limits tend to inch up each year. However, there is one phenomenon that has been increasing over the past decade, and Congress is finally starting […]
September 24, 2019
3 MIN READ
Insights
CJBS
According to an Aug. 13 press release from the office of the United States Trade Representative (USTR), there will be a 10 percent tariff levied against $300 billion of Chinese imports effective Sept. 1. The same press release announced a modification, after hearing from the public and business owners, exempting some of the $300 billion […]
September 24, 2019
3 MIN READ