Featured News
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PPP changes to aid smallest businesses
President Joe Biden announced changes Feb. 22 to target more PPP assistance to the nation’s smallest businesses and ventures owned by women and people of color.
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New flexibility for health FSAs, dependent care assistance
The IRS is now providing more flexibility to employee benefit plans offering health flexible spending arrangements (FSAs) or dependent care assistance programs.
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New ESG road map for auditors
In a publication released this week, the AICPA and the Center for Audit Quality provided a road map for ESG disclosures and assurance.
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DOR: New Wisconsin tax laws affect 2020 state tax returns
The DOR has provided guidance on new Wisconsin tax laws that will affect 2020 state tax returns.
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With all EIPs issued, IRS focuses on filing season
With all first- and second-round EIPs issued, the IRS will now turn its full attention to the 2021 filing season.
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Gov. Evers signs PPP bill cutting taxes for businesses
Gov. Tony Evers has signed into law a bill that makes PPP loans tax-deductible under Wisconsin’s tax code, saving businesses millions of dollars.
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SEC official calls for clear cryptocurrency rules
An SEC official recently called for clear cryptocurrency regulations to remove the uncertainty regarding the status of digital assets in the U.S.
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State legislature approves PPP bill with bipartisan support
Both houses of the state legislature have approved a bill that ensures businesses are not taxed on their PPP loans.
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Launching new virtual initiatives
Although the COVID-19 pandemic is still far from over, CPA firms can use what they have learned from 2020 to successfully launch new initiatives virtually.
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More tax pros see future in advisory
Most tax professionals (95%) believe their clients want business advisory services, a new study finds.