Featured News
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AICPA asks for guidance on PPP loan forgiveness
Taxpayers urgently need guidance on PPP loan forgiveness issues, the AICPA told the IRS in a letter on March 15.
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SBA defers EIDL payments until 2022
The SBA recently announced extended deferment periods for all its disaster loans, including the COVID-19 EIDL loans.
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IRS offers guidance on unemployment benefits exclusion
New guidance from the IRS explains how to accurately compute the new exclusion on a portion of employment income under President Biden’s American Rescue Plan Act.
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Survey finds need for updated accounting curricula
College and university accounting departments should update their curricula to meet the demands of practice, a recent AICPA-NASBA gap analysis survey found.
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SBA targets early April for SVOG launch
The SBA expects to begin accepting applications in early April for the Shuttered Venue Operators Grant (SVOG) program.
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Addressing accounting issues involving cryptoassets
As different forms of crypto tokenization enter the marketplace and intersect with real-world physical assets, getting the accounting and reporting correct will only become more important.
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AICPA recommends Circular 230 changes
The AICPA recently recommended revisions to update certain aspects of Circular 230 to provide clearer rules for tax practitioners when representing taxpayers before the IRS.
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Biden signs America Rescue Plan into law
The $1.9 trillion American Rescue Plan Act, enacted by President Biden on March 11, will send much-needed aid to millions of Americans still struggling from the COVID-19 pandemic.
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SBA issues guidance for SVOG program
The SBA recently issued new guidance for the Shuttered Venue Operators Grant (SVOG) program, but the agency still cannot say when the program will start accepting applications.
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American Rescue Plan Act passes with many tax provisions
The recently passed American Rescue Plan Act includes several provisions that affect unemployment benefits, student loans, tax credits and more.