Featured News
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Successfully selling your client’s small business
Accounting professionals can both help clients prepare their small business for sale and help them preserve the proceeds of the sale as a legacy for themselves and their families.
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State officials warn public of mail fraud scam
State officials are seeing a rise in fraudulent letters related to tax collection cases and are warning the public to be cautious.
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IRS readies more refunds for unemployment compensation overpayments
The IRS will issue another round of refunds this week to nearly 4 million taxpayers who overpaid their taxes on unemployment compensation received last year.
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SBA drops PPP loan necessity questionnaire requirement
The SBA has informed lenders that it is eliminating the loan necessity review for PPP loans of $2 million or greater.
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New IRS guidance on troubled pension plans
The IRS issued guidance for multiemployer qualified retirement plans that receive special financial assistance from the PBGC and for participants and beneficiaries in those plans.
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Strong jobs report also shows wage increases
The pace of U.S. hiring accelerated in June, with payrolls increasing by the most in 10 months, suggesting firms have greater success recruiting workers.
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Microsoft urges Windows 10 users to upgrade
Microsoft is urging Window 10’s one billion users to update their software immediately due to a new cyberthreat.
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AICPA seeks feedback on future CPA Exam content
A new survey from the AICPA seeks feedback on the preliminary content proposed for the redesigned CPA Exam.
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Farm businesses get guidance on tax treatment of losses
The IRS has issued guidance that instructs taxpayers with a net operating loss, consisting entirely or partly of a “farming loss,” on how to make or revoke certain elections.
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Creating a comfortable return to the office
Firms are returning to in-person work, but making the transition requires more nuance and patience than just flipping a switch back to normal.