Featured News
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CPA Exam gets a refresh
The AICPA is refreshing the CPA Exam to emphasize business processes and data analytics as a result of a comprehensive practice analysis.
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IRS Advisory Council issues 2020 annual report
The Internal Revenue Service Advisory Council has issued its annual report for 2020, including recommendations to the IRS on new and continuing issues in tax administration.
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IRS won’t provide ‘blanket’ penalty relief
The IRS will not provide “blanket” relief from tax penalties incurred during the COVID-19 pandemic, the IRS commissioner recently stated.
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IRS clarifies rules for PPP deductions
The IRS has released new guidance that clarifies the rules for deducting expenses paid with PPP funds.
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IRS to resume home visits post-pandemic
The IRS will resume home visits to high-income people suspected of avoiding taxes after the COVID-19 pandemic ends.
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GASB proposes new implementation guidance
GASB has proposed new implementation guidance to its standards for state and local government accounting.
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Including exit planning in year-end plans
Year-end planning has much emphasis on the short-term, but it is also an ideal time to blend in such long-term matters as exit planning.
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Using Excel’s Geography feature
Instead of researching and updating geographical data in spreadsheets, Excel users can save time by using the software’s Geography feature.
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IRS to mask sensitive data on biz tax transcripts
Starting Dec. 13, the IRS will mask sensitive data on business tax transcripts to protect business taxpayers from identity theft.
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Lease accounting guidance proposed for federal entities
The Federal Accounting Standards Advisory Board and Accounting and Auditing Policy Committee are proposing new guidance related to lease accounting for federal entities.