Will states be able to extend their tax filing seasons?
An AICPA expert details some of the factors that could affect changes to filing dates. Go to Source of this…
GASB proposes new guidance on compensated absences
Employees’ vacation time and other forms of paid leave would be accounted for differently by state and local governments under…
PPP borrowers can use gross income, SBA rules
Paycheck Protection Program rules released by the SBA allow self-employed individuals who file a Form 1040, Schedule C, to calculate…
Economic confidence recovers to near pre-pandemic levels for finance leaders
Sentiment has risen for three consecutive quarters in a quarterly survey of CPA executives in business and industry. Revenue and…
7 tips to help you tackle tax season
Around this time last year, 12 months and 135 years ago to be exact, we binge-watched “Tiger King” and pondered…
Assessing goodwill impairment amid COVID-19
Goodwill impairment has become an area of increased focus since the beginning of the coronavirus pandemic. Here’s what CPAs need…
IRS issues employee retention credit guidance
The IRS issued guidance on the employee retention credit in effect for qualified wages paid after March 12, 2020, through…
AICPA urges Congress to extend PPP deadline
The American Institute of CPAs, citing ongoing processing problems with the Paycheck Protection Program, called on Congress to extend the…
GAQC Alert No. 423
New SEFA Practice Aid, PRF Update, Vaccine Information, and Other COVID-19-Related News Go to Source of this post Author Of…
Quiz: Tax deduction limitations for business meals and entertainment
Here’s a chance to test your knowledge of the rules for deductibility for business-related food and beverages and/or entertainment and…