Featured News
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Demand for CPAs rises
Accountants are the sixth most in-demand job on LinkedIn, according to new data, and they top the list of jobs with the fastest-growing demand.
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GASB addresses deferred compensation plans
GASB issued a new standard that helps reduce costs and increase the consistency and comparability of reporting on state and local governments’ fiduciary component units.
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Working from home with kids
CPAs who are working from home with kids can take certain measures to stay productive while also being present for their families.
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Proposed guidance on disallowed QTF deduction
The IRS has proposed new regulations that explain the disallowance of qualified transportation fringe benefits and provide guidance on transportation and commuting expenses.
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FASAB defers lease accounting standard date
The FASAB recently deferred the lease accounting effective date for federal entities to reporting periods beginning after Sept. 30, 2023.
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WEDC extends We’re All In deadline
The Wisconsin Economic Development Corp. is extending its We’re All In Small Business Grant Program to 11:59 p.m. on Friday, June 26.
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AICPA supports keeping July 15 filing date
The AICPA wants the July 15 filing deadline to stay after considering responses it received from a survey regarding whether or not the IRS should extend the date.
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COVID-19 tax relief for investors, businesses
Treasury and the IRS have provided tax relief for certain taxpayers who are involved in new markets tax credit transactions and who have been affected by the COVID-19 pandemic.
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Applying early for PPP loan forgiveness
New Paycheck Protection Program guidance released June 22 declares that PPP recipients can apply for loan forgiveness early but doing so could cost them money.
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DOR extends call center hours
The Wisconsin Department of Revenue is extending its call center hours of operation as the July 15 tax filing deadline approaches.