Featured News
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SBA closes Restaurant Revitalization Fund
The SBA has officially closed the Restaurant Revitalization Fund (RRF) after awarding the program’s full $28.6 billion to more than 100,000 restaurants and bars.
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Tax relief extended for employer leave-based donations to aid pandemic victims
The IRS extended the tax relief provided in Notice 2020-46 for calendar year 2021 for employers whose employees forgo sick, vacation or personal leave because of the pandemic.
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Most workers say remote working improved their finances
Among the Americans who worked from home at some point during the COVID-19 pandemic, more than half say working remotely improved their finances, according to a new report.
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ASB addresses agreed-upon procedures for asset-backed securities
A new ASB statement of position addresses the effects of changes to the attestation standards on agreed-upon procedures related to rated asset-backed securities.
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Small business employment grew in June, report shows
Despite the competitive hiring environment, small business employment grew in June, according to a new report from Paychex.
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Families can now add direct deposit info for child tax credit payments
Families can now provide or update their direct deposit information for the monthly child tax credit payments through the IRS’ upgraded online portal.
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New 40 Under 40 Black CPA Award seeks applicants
Applications are open for a new 40 Under 40 Black CPA Award program to celebrate Black CPAs who are positively influencing change in the profession and their communities.
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Fed extends PPP Liquidity Facility for last time
The Federal Reserve Board has extended its Paycheck Protection Program Liquidity Facility for an additional month, saying that this is the facility’s final extension.
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IRS announces 2021 list of tax scams
The IRS has begun began its "Dirty Dozen" list for 2021 with a warning for taxpayers, tax professionals and financial institutions to be on the lookout for 12 schemes and scams.
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FASB seeks feedback on standard-setting agenda
FASB is seeking stakeholder feedback on what the board’s future standard-setting priorities should be.