Featured News
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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.
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SBA eyes early April for Restaurant Revitalization Fund rollout
The SBA is targeting early April to launch a phased rollout of the $28.6 billion Restaurant Revitalization Fund, a senior SBA official recently testified.
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Senate passes PPP deadline extension
In a 92-7 vote on March 25, the Senate passed a 2-month extension for the U.S. Small Business Administration’s Paycheck Protection Program.
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Customizing the right services for clients
CPAs and their firms can strategically tailor their services by first understanding what their clients need.
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SBA to increase lending limit for EIDL program
Starting the week of April 6, the SBA will increase the maximum amount small businesses and nonprofits can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program.
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Tax filing postponement not enough, AICPA says
Although the AICPA welcomed the IRS’s postponement of the April 15 income tax deadline to May 17, the association says the measure falls far short of needed taxpayer relief.
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SVOG program to open April 8
The U.S. Small Business Administration (SBA) will accept applications for the Shuttered Venue Operators Grant (SVOG) program starting April 8.
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FBI warns of ransomware targeting schools
In a new report, the FBI recently identified an increase in ransomware targeting education institutions across the U.S. and United Kingdom.