Featured News

  • Change in vehicle use valuation permitted for now

    January 5, 2021

    The IRS is allowing employers to switch from the vehicle lease valuation method to cents-per-mile for determining the value of an employee’s personal use of a vehicle during the pandemic.

  • Recruiters change priorities for 2021

    January 5, 2021

    New recruiting research indicates the importance of time-to-hire has given way to a more thoughtful process that prioritizes factors like diversity, equity and inclusion.

  • AICPA town hall reviews PPP2 relief

    January 4, 2021

    A newly recorded AICPA town hall provides a helpful overview of recently approved PPP2 legislation, including an update on loan timing.

  • Financial fraud risks amid the pandemic

    January 3, 2021

    At a recent conference, financial accounting specialists drew attention to some financial fraud risks associated with the COVID-19 pandemic.

  • Client onboarding for firms

    January 1, 2021

    Accounting firms that struggle with client acquisition and retention may benefit from improving their client onboarding experience.

  • Fed extends Main Street loan program

    December 31, 2020

    The Federal Reserve is extending the end date for its Main Street Lending Program by eight days to process an influx of submitted applications.

  • Second round of EIPs begins

    December 30, 2020

    Treasury and the IRS started its second round of economic impact payments (EIPs), often referred to as stimulus checks, late night Tuesday, Dec. 29.

  • Simplified accounting rules for small businesses

    December 30, 2020

    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.

  • State general fund has positive GAAP balance

    December 29, 2020

    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.

  • Accounting considerations for divestitures, carveouts

    December 28, 2020

    The COVID-19 pandemic has amplified and, in some cases, accelerated business decisions to pursue a divestiture, spinoff or partial divestiture.