Featured News

The AICPA is seeking additional guidance and clarity on employee retention credit (ERC) provisions of the CARES Act in a new letter to Treasury and the IRS.

ASU 2020-08, issued by FASB this week, clarifies an entity’s accounting responsibilities related to callable debt securities.

Tax evasion is one of three major ways bad actors use cryptocurrency, according to a new report from the Department of Justice.

Social Security and SSI benefits for approximately 70 million Americans will increase by 1.3% in 2021, the Social Security Administration recently announced.

The SBA has released new FAQs that confirm Paycheck Protection Program (PPP) loan forgiveness applications are not due Oct. 31.

The IRS has finalized guidance for consolidated groups on the treatment of net operating losses (NOLs) after recent statutory changes.

Public company audit committees continue to increase the level of their disclosures around cybersecurity in proxy statements, according to a yearly analysis.

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.

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

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