Featured News
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Records-request duties clarified in ethics proposal
A new proposal from the AICPA would further clarify the responsibilities of its members when responding to client requests for records.
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PPP forgiveness guidance re owner-employee compensation
The SBA and Treasury recently issued an interim final rule addressing PPP forgiveness issues related to owner-employee compensation and the eligibility of nonpayroll costs.
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Using bullet points in Excel
Adding bullet points to an Excel spreadsheet may not be as simple as it is in Word, but the right guidance can make it happen.
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IRS temporarily stops mailing notices
The IRS has suspended the mailing of three notices that go to taxpayers who have a balance due on their taxes as the agency reduces its backlog of unopened mail.
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AICPA extends off-site waiver for peer reviews
The AICPA Peer Review Board recently voted to extend the off-site waiver for CPA firms to hold peer reviews remotely.
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Carefully selecting a payroll service provider
The IRS is reminding employers to carefully choose their payroll service providers following ongoing concerns from businesses left with unpaid bills.
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Securing client data while working remotely
The IRS, state tax administrators and the nation’s tax industry recommend tax practitioners create an emergency response plan to protect client data even when working remotely.
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IRS releases draft Form 1040
The IRS has released a draft of Form 1040 that includes notable changes proposed for tax year 2020.
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IRS reminder: unemployment benefits are taxable
With millions of Americans now receiving unemployment compensation, many for the first time, the IRS is reminding recipients that the benefits are taxable.
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Federal funds to aid downtown businesses
The Wisconsin Economic Development Corp. will receive $79,000 from the U.S. Department of Agriculture to provide technical assistance to small businesses in rural Wisconsin.