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Starting this week, Treasury and the IRS are sending approximately 8 million economic impact payments (EIPs) via prepaid debit cards to taxpayers.

The Paycheck Protection Program (PPP) will reopen Monday, Jan. 11, for select lenders and borrowers.

New IRS guidance allows businesses that got their PPP loans forgiven to write off expenses paid for with that money.

The U.S. Small Business Administration and Treasury issued guidance late night Wednesday, Jan. 6, for the reconstituted Paycheck Protection Program.

As part of ongoing efforts to improve service for the tax-exempt community, the IRS issued a revised Form 1024-A application to allow electronic filing.

The IRS has issued new guidance on the timing of income inclusion under an accrual method of accounting, including the treatment of advance payments for goods, services and other items.

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.

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.

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

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