Featured News
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IRS extends R&D credit claim transition period
The IRS extended for another year, until Jan. 10, 2024, the transition period during which it will allow taxpayers 45 days to perfect an R&D credit claim.
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Texting scams on the rise, IRS warns
The IRS is warning taxpayers of a recent increase in IRS-themed texting scams aimed at stealing personal and financial information.
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FASB updates reporting standard for supplier finance programs
A new FASB Accounting Standards Update (ASU) enhances the transparency required from buyer companies.
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Taking extra steps to keep client data safe
CPAs can protect sensitive client data by taking extra steps to keep it out of the hands of criminals.
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U.S. consumer confidence rose in September, survey says
U.S. consumer confidence rose to a five-month high in September because of falling gas prices, according to a new survey.
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IRS raises per diem standard rates for business travel
The special per diem rates by which taxpayers may substantiate ordinary and necessary business expenses of travel away from home will be slightly higher starting Saturday, Oct. 1.
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Penalty relief deadline nears for 2019, 2020 returns
The deadline for late-filing penalty relief for 2019 and 2020 tax returns is Sept. 30, the IRS recently confirmed.
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Improperly forgiven PPP loans are taxable, IRS says
The IRS recently issued guidance that confirms improperly forgiven Paycheck Protection Program (PPP) loans are still taxable.
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Using the best email closing lines for your firm
Accountants may want to consider how their emails — including the closing lines — reflect on their professionalism along with the nature of their client relationships.
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FASB seeks input on proposal re reimbursable work agreements
The FASB is seeking comments on an exposure draft technical bulletin on intragovernmental leasehold reimbursable work agreements.