Featured News
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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.
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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.