Featured News
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Executive order defers payroll tax payments
President Trump has issued an executive order to defer the withholding, deposit and payment of certain payroll taxes paid from Sept. 1 through Dec. 31.
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Leading in times of uncertainty
Leading during uncertain times can be difficult, but faith in your past experience can help.
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Key changes to the audit evidence standard
The AICPA’s recently issued SAS No. 142 includes requirements and guidance that establish a conceptual framework on what to consider when evaluating audit evidence.
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Securing remote locations with a private network
The IRS is urging tax practitioners to secure remote locations using a virtual private network to protect against cyber intruders.
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Simpler rules for convertible instruments, own equity
The FASB recently issued a new standard to improve financial reporting associated with accounting for convertible instruments and contracts in an entity’s own equity.
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Using automation to save time on AP tasks
Seven in 10 finance teams (72%) spend up to 10 people-hours per week – or 520 hours per year – on AP-related tasks suited for automatic solutions, according to a new survey.
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New PPP loan forgiveness FAQs
The U.S. Small Business Administration recently released guidance answering frequently asked questions regarding the forgiveness of Paycheck Protection Program loans.
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Proposed rules govern carried interests
The IRS is now requesting comments after proposing new rules on the tax treatment of carried interests.
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GASB seeks field test participants
The GASB is seeking participants for a field test of the standards it proposed in the Preliminary Views, Revenue and Expense Recognition, in June 2020.
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More relief for building rehabilitation credit
The IRS has issued additional relief in satisfying the substantial rehabilitation test to lessen the burden on taxpayers claiming the rehabilitation credit during the COVID-19 pandemic.