Featured News
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AICPA offers single audit resources
The AICPA recently shared some resources to help accounting professionals with their single audits, which firms will see more of in the next few years.
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IRS explains expanded tax benefits for charitable giving in 2021
The IRS recently explained how expanded tax benefits can help both individuals and businesses give to charity before the end of the year.
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Peer review proposal changes, clarifies standards
The AICPA Peer Review Board has published a proposal designed to clarify peer-review standards and make them easier for practitioners to read, understand and apply.
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Families now receiving third child tax credit payment
This week, the IRS and Treasury began sending the third advance child tax credit payment to millions of American families for the month of September.
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FASB proposes fair value and equity security sale restrictions
A new FASB proposal aims to clarify that a restriction on the sale of an equity security is not considered part of the unit of the account, therefore is not considered in measuring fair value.
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Transcript Delivery System down for some Form 941 transcripts
The IRS has reported a Transcript Delivery System programming issue that affects business taxpayers who reported information related to COVID-19 employment tax relief on Form 941.
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DOL to conduct audit quality assessment of 2020 plan year filings
The U.S. Department of Labor’s Employee Benefits Security Administration will conduct a study looking at employee benefit plan audit quality based on 2020 filings of Form 5500.
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IRS: Cost of COVID-19 home testing is eligible medical expense
The cost of home testing for COVID-19 is an eligible medical expense for taxpayers, the IRS says.
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SBA expands pandemic EIDL program
The SBA recently expanded its Economic Injury Disaster Loan (EIDL) program to help small businesses access financial support as COVID-19 continues to impact operations.
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Learning to delegate as a leader
By delegating your heavy load of work responsibilities, you can focus your energy on things that matter most.