Featured News
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Emergency financial aid to students not taxable
The IRS recently issued new FAQs that explain how students and higher education institutions should report pandemic-related emergency financial aid grants.
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DOR releases 2020 Wisconsin tax return FAQs
New FAQs published by the DOR provide more information about Wisconsin’s extended due dates for tax returns and payments.
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New goodwill triggering relief for private companies, not-for-profits
FASB has issued a standard that provides an alternative to goodwill impairment triggering event evaluations for private companies and not-for-profits.
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Future workforce to be more flexible, survey says
Job seekers are becoming more open to opportunities outside their current roles, indicating a future workforce that is more skilled and more apt to transition into new industries.
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Biden signs PPP deadline extension into law
The Paycheck Protection Program (PPP) application deadline formally changed from March 31 to May 31 when President Biden signed the extension into law on Tuesday, March 30.
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IRS extends more tax deadlines for individuals to May 17
Individuals have until May 17 to meet certain deadlines that would normally fall on April 15, the IRS announced March 29.
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IRS commits to investigating COVID-19 fraud
The IRS’ Criminal Investigation Division is marking the one-year anniversary of the CARES Act by pledging its continued commitment to investigating COVID-19 fraud.
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IRS: Masks, hand sanitizer are tax deductible
The IRS recently recently clarified that the purchase of personal protective equipment (PPE), such as masks, hand sanitizer and sanitizing wipes, are deductible medical expenses.
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Getting the most out of LinkedIn networking
Best practices for navigating LinkedIn stayed relatively unchanged during the pandemic, but experts recommend accountants approach the platform in a more mindful and deliberate way.
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Non-bachelor's hours to count toward CPA requirement
Gov. Evers signed into law March 26 a bill that allows accredited higher education credits, such as from a technical college, to count toward the 150-hour requirement to obtain a CPA license.