Featured News
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Client onboarding for firms
Accounting firms that struggle with client acquisition and retention may benefit from improving their client onboarding experience.
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Fed extends Main Street loan program
The Federal Reserve is extending the end date for its Main Street Lending Program by eight days to process an influx of submitted applications.
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Second round of EIPs begins
Treasury and the IRS started its second round of economic impact payments (EIPs), often referred to as stimulus checks, late night Tuesday, Dec. 29.
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Simplified accounting rules for small businesses
The IRS recently finalized updates to various tax accounting regulations to adopt the simplified tax accounting rules for small businesses enacted by the Tax Cuts and Jobs Act.
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State general fund has positive GAAP balance
Gov. Evers recently announced that the state’s general fund is no longer running a deficit for the first time since the Thompson administration in 1990.
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Accounting considerations for divestitures, carveouts
The COVID-19 pandemic has amplified and, in some cases, accelerated business decisions to pursue a divestiture, spinoff or partial divestiture.
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IRS regs. govern misdirected refund deposits
The IRS is implementing procedures to identify and recover misdirected direct deposits.
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2021 standard mileage rates decrease
The IRS has issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
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Executive compensation regulations finalized
The IRS has issued final rules on the $1 million executive-compensation limit enacted by the 2017 Tax Cuts and Jobs Act.
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COVID-19 relief bill tackles key PPP issues
The $900 billion coronavirus relief package passed by Congress provides $284 billion for a revised Paycheck Protection Program.