Featured News
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Small business optimism persists amid COVID-19
Businesses and consumers alike are finding ways to adapt and stay resilient during the COVID-19 pandemic, a new study finds.
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IRS extends e-signature acceptance period
The IRS is extending the period in which it will accept digitally signed and emailed documents due to the COVID-19 pandemic.
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FASB addresses revenue contracts in business combinations
FASB has proposed a new accounting standard designed to increase consistency in the accounting for revenue contracts with customers acquired in a business combination.
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IRS sending letters re QOFs
The IRS has started sending letters to taxpayers who may need to take additional actions related to qualified opportunity funds.
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Some remote workers unaware of potential tax consequences
The results of a new survey indicate CPAs may find themselves spending a lot of time educating clients about the state tax implications of working remotely during the pandemic.
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IRS: Volunteers needed for free tax prep help
The IRS is seeking volunteers to provide free tax return preparation through its Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs.
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Auditing in a COVID-19 environment
Firms are continually developing ways to improve audit quality in a changing environment as a result of the COVID-19 pandemic.
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FAQs on SOC 2, SOC 3 engagements
The AICPA has published new nonauthoritative guidance that addresses issues related to SOC 2 and SOC 3 engagements.
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IRS releases Form 1040 for 2020
The IRS has released the final version of Form 1040 for 2020, which includes notable changes from the draft proposed in August.
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Several tax provisions to expire at end of 2020
Several tax provisions are set to expire Dec. 31, 2020, including the lower 7.5% AGI floor for medical expense deductions, and the deduction for qualified tuition and related expenses.