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The IRS recently recently clarified that the purchase of personal protective equipment (PPE), such as masks, hand sanitizer and sanitizing wipes, are deductible medical expenses.

Best practices for navigating LinkedIn stayed relatively unchanged during the pandemic, but experts recommend accountants approach the platform in a more mindful and deliberate way.

Gov. Evers signed into law March 26 a bill that allows accredited higher education credits, such as from a technical college, to count toward the 150-hour requirement to obtain a CPA license.

The SBA is targeting early April to launch a phased rollout of the $28.6 billion Restaurant Revitalization Fund, a senior SBA official recently testified.

In a 92-7 vote on March 25, the Senate passed a 2-month extension for the U.S. Small Business Administration’s Paycheck Protection Program.

CPAs and their firms can strategically tailor their services by first understanding what their clients need.

Starting the week of April 6, the SBA will increase the maximum amount small businesses and nonprofits can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program.

Although the AICPA welcomed the IRS’s postponement of the April 15 income tax deadline to May 17, the association says the measure falls far short of needed taxpayer relief.

The U.S. Small Business Administration (SBA) will accept applications for the Shuttered Venue Operators Grant (SVOG) program starting April 8.

In a new report, the FBI recently identified an increase in ransomware targeting education institutions across the U.S. and United Kingdom.