Featured News

  • IRS adds QR codes to tax notices

    October 13, 2020

    The IRS is using QR technology on certain tax notices, allowing taxpayers to scan the codes with their smartphones and directing them to the IRS website.

  • Simpler forgiveness for PPP loans under $50K

    October 12, 2020

    The SBA and Treasury have released a simpler loan forgiveness application (Form 3508S) for PPP loans under $50,000.

  • New AICPA guidance re fair value, stablecoins

    October 11, 2020

    The AICPA recently published nonauthoritative guidance on issues related to the accounting for digital assets.

  • Applications open Oct. 19 for next round of We’re All In grants

    October 10, 2020

    The Wisconsin Economic Development Corp. will distribute an additional $50 million to small businesses impacted by the pandemic in the second round of We’re All In grants.

  • SBA clarifies deferral period for PPP loans

    October 9, 2020

    The SBA has released guidance clarifying that lenders must recognize the previously established extended deferral period for payments on all Paycheck Protection Program (PPP) loans.

  • Economic pain grows as pandemic lingers

    October 8, 2020

    The U.S. economy is facing a tidal wave of long-term unemployment as millions of people who lost jobs early in the pandemic remain out of work six months later and job losses increasingly turn permanent.

  • New survey on CPA pipeline challenges

    October 7, 2020

    To best serve accounting and finance professionals, the Illinois CPA Society is conducting a research study focusing on the decision to pursue, or not pursue, the CPA credential.

  • IESBA revises code of ethics 

    October 7, 2020

    The International Ethics Standards Board for Accountants released revisions Monday, Oct. 5, to the International Code of Ethics for Professional Accountants.

  • Ransomware attacks surge in pandemic

    October 6, 2020

    Ransomware attacks reached a new high amid the pandemic, prompting cybersecurity experts and government officials to urge people not to pay ransoms because it's the only way to end the cycle.

  • IRS rules on biz meals, entertainment

    October 5, 2020

    The IRS has released the final regulations on business entertainment expenses and clarified treatment of deductions for food and beverages.