Featured News
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Wisconsin’s economic activity amid COVID-19
A new report issued Tuesday, June 16, looks at the pandemic’s varying impact on the state’s economy in March and April.
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IRS to send new balance due notices
As operations continue to reopen following the COVID-19 crisis, the IRS will send balance due notice mailings to taxpayers in the next few weeks.
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New incentive helps employees with student loans
One of Congress’s economic responses to the COVID-19 pandemic is a temporary tax incentive for companies to help employees pay their student debt.
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Making a difference by addressing racism
Now that the nation is discussing gaps in opportunity, access and equity in the Black and African American community, it’s time to work together to overcome the systematic challenges.
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Hackers target mobile banking apps
Cybercriminals are targeting mobile banking apps in an attempt to steal money as more Americans turn to online banking during the COVID-19 pandemic.
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FASB addresses insurance, gifts-in-kind, more
FASB has proposed delaying the effective date of its standard on long-duration insurance contracts by one year and to approve two new standards regarding convertible instruments and gifts-in-kind.
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Proposed accounting guidance for CARES Act aid
GASB has proposed new guidance to assist state and local governments in their accounting for funds received as a result of the Coronavirus Aid, Relief and Economic Security Act.
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Dot.CPA domains available July 1
AICPA-confirmed firms and other accounting entities can reserve their .cpa (dot CPA) website domain starting July 1.
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Guidance on accounting for forgivable PPP loans
A nongovernmental entity may account for a Paycheck Protection Program loan as a financial liability under certain conditions, according to new AICPA guidance.
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E-signature requirement recommendations
The AICPA Tax Executive Committee recently requested that the IRS update and modernize its e-filing signature requirements in four areas.