Featured News
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SECURE 2.0 may be on the way
The House Ways and Mean Committee on Wednesday unanimously passed a bill that could boost retirement plan options. It’s been dubbed “SECURE 2.0.”
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Mortgage rates hit another low but may soon rise
As homeowners continue to pour into the real estate market, favorable financing hit the lowest level since mid-February, but higher rates may be on the way.
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April job numbers lower than expected
The April jobs report was a huge letdown, with nonfarm payrolls increasing by only 266,000 and an unexpected increase in the unemployment rate.
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Lenders eased standards on biz & household loans in Q1
A Federal Reserve survey shows that loan officers at U.S. banks reported easing standards on most business and household loans in Q1.
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SBA puts a hold on new PPP apps
The SBA has stopped accepting new PPP applications from most lenders almost a full month before the $292 billion program’s application deadline.
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FASB clarifies accounting for certain call option modifications
FASB has issued a standard designed to clarify an issuer’s accounting for certain modifications or exchanges of freestanding equity-classified written call options that remain equity-classified after modification or exchange.
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Tips for remote workers considering a move
For some CPAs who hope to work remotely even after the pandemic subsides, physical location may be less critical than before; but certain considerations must be taken into account before a decision is made.
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Moving forward with automated payments tech
Now more than a year into the pandemic, newly cloud-based firms are adopting automated solutions for client payment processing.
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IRS may use step-transaction doctrine to deny tax benefits
The IRS may apply the step-transaction doctrine to deny tax benefits derived from a series of transactions that should more properly be treated as a single transaction.
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Young adults more worried about finances, survey finds
Young adults experience more financial worries stemming from the COVID-19 pandemic than other certain demographics, according to a new AICPA survey.