Featured News
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EIDL loan portal reopens for ag businesses
The U.S. Small Business Administration has reopened its Economic Injury Disaster Loan portal exclusively for agricultural businesses.
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IRS combats business identity theft
Business identity theft patterns are constantly evolving, and the IRS continues to expand its efforts to combat the problem.
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Office 365 security recommendations
The U.S. Cybersecurity and Infrastructure Security Agency recently provided new security recommendations for users of Microsoft Office 365 software.
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ASB extends effective dates
The AICPA Auditing Standards Board has formally extended the effective dates of seven new auditing standards.
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Virtual Zoom backgrounds for CPAs
The AICPA now offers Zoom videoconferencing backdrops for accountants to help maintain professionalism while working from home.
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May 5 EIP deadline for certain SSI, VA beneficiaries
Certain Supplemental Security Income and Department of Veterans Affairs beneficiaries with dependents have until May 5 to receive the full amount of their relief payments.
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Fed expands Main Street lending program
The Federal Reserve has announced new adjustments to its planned $600 billion Main Street lending program, providing more options to eligible businesses.
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IRS to host COVID-19 teleconference
The IRS will host a teleconference for tax professionals on Thursday, May 7, to share information about the coronavirus tax relief and to hear questions and concerns.
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AICPA challenges Notice 2020-32 guidance
The AICPA plans to seek legislative clarification regarding Notice 2020-32, which currently denies deductions of expenses forgiven under the Paycheck Protection Program.
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Submitting IRS requests electronically
Due to the COVID-19 pandemic, the IRS is temporarily allowing the electronic submission of requests for letter rulings, closing agreements, determination letters and more.