Featured News
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A call for federal loans backed by accounts receivable
The AICPA has recommended the creation of a federally backed lending facility that would provide loans to small businesses that pledge their future receivables.
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Cloud-based tech helps firms respond to COVID-19
Accounting firms that had cloud-based technology in place prior to the COVID-19 pandemic fared far better than firms that did not, according to a new survey.
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Mission-critical IRS employees return to work
The IRS has recalled almost 10,000 employees back to work to continue mission-critical operations during the COVID-19 pandemic.
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Calculating PPP loans
The U.S. Small Business Administration has issued guidance on how to calculate Paycheck Protection Program loan amounts by business type and other issues.
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Wisconsin receives more than $3B in relief payments
The state of Wisconsin has received more than $3 billion in Economic Impact Payments since the start of the coronavirus relief program.
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New tax breaks for charitable giving
Donors who want to help others by making charitable donations during the COVID-19 pandemic may be eligible for tax incentives under the Coronavirus Aid, Relief and Economic Security Act.
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Beware COVID-19 scammers
The first wave of the U.S. government’s relief payments is attracting scammers, but consumers can protect their money by recognizing the warning signs.
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MAP Survey postponed to 2021
Due to the abundance of stress placed on tax practitioners during the COVID-19 pandemic, the AICPA has postponed the National MAP Survey until 2021.
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IRS proposes silo rules for exempt organizations
New proposed regulations from the IRS would govern silo rules for exempt organizations.
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GASB guidance for P3 and APA accounting
A new GASB standard aims to improve governments’ accounting for public-private and public-public partnership arrangements and availability payment arrangements.