Featured News
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AICPA urges Congress to extend PPP deadline
In a new press release, the AICPA called on Congress to extend the application period for the Paycheck Protection Program by at least 60 days.
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DOR lists PPP loans now tax-exempt in Wisconsin
The DOR has published more information about COVID-19 relief loans granted by state programs that are now tax-exempt as a result of 2021 Wisconsin Act 1.
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IRS issues guidance on the employee retention credit
The IRS recently issued guidance for employers claiming the employee retention credit for 2020, including the eligibility rules for PPP borrowers.
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IRS reminds businesses to report large cash transactions
The IRS is reminding businesses of their responsibility to file Form 8300 for large cash transactions over $10,000.
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Dealing with Zoom fatigue
Videoconferencing can be tiresome, but there are easy ways to improve your virtual experience.
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Proposed guidance on CPAs’ NOCLAR duties
New exposure drafts from two AICPA committees propose additional guidance on CPAs’ responsibilities related to noncompliance with laws and regulations.
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Gov. Evers enacts COVID-19 liability shield for businesses
On Feb. 25, Gov. Evers signed into law a Senate bill that contains a liability shield protecting businesses and other entities from predatory coronavirus-related lawsuits.
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New report reaffirms value of licensure
Women and minorities benefit significantly from current licensing policies in career fields that require advanced education, according to a new research report.
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Tax Court denies lodging deduction in new case
In a new case, the Tax Court ruled that an individual’s tax home was a hotel where he stayed for business activities.
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AICPA seeks certainty on 2020 tax year deadline, relief
In a recent letter to Treasury and the IRS, the AICPA called for greater certainty for taxpayers and tax practitioners and for underpayment and late-payment penalty relief.