Featured News
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IRS expands resolution options for tax debt
To help those impacted by the COVID-19 pandemic, the IRS is expanding its taxpayers options for making payments and alternatives to resolve balances owed.
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IRS warns of new text scam
The IRS has issued a warning of a new text scam that tricks people into disclosing bank account information under the guise of receiving their economic impact payments.
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IRS guidance on deferred employee payroll tax
The IRS issued guidance for reporting the deferral of withholding, depositing and paying of certain payroll tax obligations.
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Gov. Evers invests $10M in state nonprofits
Gov. Evers is investing $10 million to provide economic stabilization for nonprofit organizations providing critical services across the state during the pandemic.
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Smaller businesses now eligible for Main Street loans
The Federal Reserve Board recently reduced the minimum loan amount on three of the five Main Street loan facilities from $250,000 to $100,000.
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IRS designates Nov. 10 as EIP Registration Day
The IRS is designating Tuesday, Nov. 10, as National EIP Registration Day to encourage those who don’t normally file a tax return to register for their stimulus payments.
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Proposal to clarify forwards and options accounting
FASB has proposed an accounting standard that would clarify an issuer’s accounting for certain modifications or exchanges of freestanding equity-classified forwards and options.
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IRS resumes balance-due notices
The IRS is restarting its 500 series of balance-due notices to taxpayers after putting a hold on the mailings in May due to the COVID-19 pandemic.
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Gauging risk assessment, response processes
How auditors assess and respond to risks of material misstatement in the financial statements is a critical component of audit quality, a new AICPA study finds.
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Creating a clear and timely presentation
By following the adage “less is more,” you can deliver an impactful presentation that resonates with the audience.