Payment Deadline Extended to July 15, 2020 - Filing Deadline Remains April 15

Income tax payment deadlines for individuals, with a due date of April 15, 2020, are being automatically extended until July 15, 2020, for up to $1 million of their 2019 tax due.

Effective March 17, 2020, Social Security Offices Will Only Offer Phone Service

All local Social Security offices will be closed to the public for in-person service starting Tuesday, March 17, 2020

Aidan HeltMarch 17, 2020Comment

COVID-19 (Coronavirus) and Tax Season: Appointments, Deadlines, & Office Info

We are encouraging the use of the secure client portal on our website and virtual meetings when necessary.

Business Owners, Community, Firm News, From The Doty Group, IndividualsAidan HeltMarch 16, 2020COVID-19, Coronavirus, Tax Season, ClientsComment

Emotional Stress of Elder Fraud Outweighs Financial Impact: AICPA Survey

AICPA survey findings regarding the effects of financial abuse or fraud targeting the elderly.

Individuals, RetirementThe Doty GroupMarch 13, 2020AICPA, Elder Fraud, Fraud, Personal FinanceComment

Discussion of Extending Tax Season Beyond April 15th & Economic Stimulus Talks

Treasury and lawmakers are discussing a planned extension of the 2020 tax filing season beyond April 15.

Business Owners, Individuals, IRS News, TreasuryThe Doty GroupMarch 12, 2020Coronavirus, US Treasury Department, AICPA, Tax SeasonComment

60-Day Extensions Available for CA Due to COVID-19

Extensions can be requested to file state payroll reports and/or deposit payroll taxes without penalty or interest.

Business OwnersThe Doty GroupMarch 11, 2020California, State and Local Tax, CoronavirusComment

A Valuable Tax Credit for Parents Who Adopt

Here are some facts to help people understand the adoption credit and if they can claim it when filing their taxes.

Individuals, IRS NewsThe Doty GroupMarch 10, 2020Tax Rules, Tax Credits, Adoption, Qualified Adoption ExpensesComment

Important Changes due to the Revenue Recognition Standard

Learn about the changes to the accounting standards relating to how and when organizations record revenue.

Nonresidential Construction Spending Attains All-time High in January, Says ABC

Private nonresidential spending rose 0.8% on a monthly basis and is up 0.5% compared to the same time last year.

IndustriesThe Doty GroupMarch 3, 2020Construction Industry, Associated Builders and ContractorsComment