Featured News
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SBA shares updated guidance on EIDL applicant deadlines
The SBA recently shared updated guidance for COVID Economic Injury Disaster Loan (EIDL) program applicants to better serve small business owners in need.
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New FASB standard requires businesses to disclose government aid
A FASB standard will require businesses to disclose information in the notes to the financial statements about certain government assistance they receive.
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AICPA, NASBA publish revised CPE Evolution curriculum
The AICPA and NASBA have published a revised CPA Evolution model curriculum in response to feedback they received about previous licensure model proposals.
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IRS guidance clarifies meal portion of per diem allowance
The IRS issued new guidance to clarify how the temporary 100% business deduction for food or beverages from restaurants applies to taxpayers applying the rules for using per diem rates.
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Payment apps to report payments of $600 and higher to IRS
Under a provision in the American Rescue Plan Act, third-party payment providers like Venmo and PayPal must report transactions totaling $600 or more to the IRS starting Jan. 1, 2022.
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Eyeing employee projections, IRS now hiring new personnel
The IRS projects losing 52,000 employees in the next six years and is seeking new personnel, the commissioner stressed this week at a tax conference in Washington, D.C.
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Updated FAQs for 2020 unemployment compensation exclusion
The IRS recently updated its FAQs on 2020 unemployment compensation exclusion.
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Report: Wisconsin’s drop in tax rank among nation’s largest
Almost no state has seen a greater drop in its tax burden than Wisconsin over the past 20 years, according to a new report from the Wisconsin Policy Forum.
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Keeping clients on track to meet year-end deadlines
As the end of the year approaches, clients may not focus much on financial matters, but CPAs can help keep them on track to meet important deadlines.
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Federal appeals court blocks Biden’s vaccine mandate for employers
Responding to the Biden administration’s recent vaccine mandate for large employers, a federal appeals court has blocked the president’s executive order it considered too overreaching.