Featured News
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Ethics proposal would limit firms’ loaning of staff to clients
The AICPA is reproposing a new interpretation that addresses independence requirements related to “staff augmentation” arrangements in which a firm loans staff to a client.
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Final regulations for rehabilitation tax credit
The IRS recently issued final regulations for taxpayers who claim the rehabilitation credit.
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New not-for-profit accounting rules for gifts-in-kind
A recently issued FASB accounting standard requires not-for-profits to provide additional information on the contributions of nonfinancial assets they receive.
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Deadlines loom for less-restrictive retirement loans
Americans adversely affected by COVID-19 have until Sept. 22 to take money out of their retirement accounts.
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IRS to bring back Form 1099-NEC
The IRS will replace the nonemployee compensation part of Form 1099-MISC with Form 1099-NEC starting in tax year 2020.
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AICPA urges passage of ‘PPP 2’ legislation
The AICPA issued a news release Thursday renewing the organization’s call for the swift passage of legislation to extend and expand the Paycheck Protection Program.
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Final regulations re eligible terminated S corporations
The IRS on Tuesday, Sept. 15, issued final regulations regarding the treatment of eligible terminated S corporations (ETSCs).
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E-filing problems plague Sept. 15 deadline
The AICPA is asking the IRS for guidance on how tax practitioners can move forward after e-filing problems prevented them from making the Sept. 15 deadline.
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Helping clients to avoid costly errors
The start of the fourth quarter is a good time to check in with clients and work with them to ensure there are no errors in their tax documentation.
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Reducing the risk of cyberattacks
Accounting firms of all sizes are continuing to face a range of cybersecurity threats, but there are strategies to reduce their risk of becoming victims.