IRS clarifies deductibility of PPP loan expenses, as AICPA criticizes forgiveness questionnaire
The guidance clears up the tax treatment of expenses when a loan from the Paycheck Protection Program hasn’t been forgiven by the end of the year.
The emeritus professor of accounting at the University of Georgia, a member of the Accounting Hall of Fame, died Nov. 21 in Athens, Georgia.
Deutsche Bank AG’s top accounting executive, Andreas Loetscher, is being investigated over his role as the auditor of Wirecard AG while he was with his former firm, Ernst & Young, two people familiar with the matter said.
The House is set to vote on bipartisan legislation that would impose restrictions on Chinese companies listed on U.S. exchanges, including requiring certification that they’re not under control of a foreign government.
Concerns are increasing over the growing spread of COVID-19 and the preparedness of the incoming administration to deal with vaccine distribution and other critical issues.
President Donald Trump spent months on the campaign trail taking credit for “opportunity zones,” a policy meant to encourage investment in distressed communities across the U.S. Joe Biden’s team sees potential in the idea, too.
Lists & Rankings
Thomson Reuters announces Synergy conference award winners; CohnReznick publishes Opportunity Zone guide; and more CPA news.
Eide Bailly announces the recipients of its 2020 Resourcefullness Awards, Grant Thornton announces its next Purple Paladin honoree, and SD Mayer & Associates provides meals to the Bay Area.
RSM donates $4 million through Birdies Fore Love campaign; Jackson Thornton elects CEO, principals; and more CPA news.
Baker Tilly is acquiring Brown Adams Agbayani; ABIP CPAs & Advisors is combining with Parr & Associates; and Benning Group is merging in Boeke & Associates.
Whether gifting for yourself, your colleagues or your clients, this holiday gift guide will keep the techie's stocking happy.
Bober Markey Fedorovich adopts new governance structure; Citrin Cooperman promotes 16; and more CPA news.
BlueMail offers email-messaging hybrid app, and Tenenz debuts a free tax highlights video that firms can customize and use for lead generation.
This can drive potential team members to your brand or, if you’re not careful, drive them away.
Practitioners share how they're helping individual clients navigate financial issues and more.
Are ransomware hackers the 21st century Robin Hood? Plus nine other developments in technology from this past month, and how they’ll impact your clients and your firm.
The Treasury secretary will put the unspent CARES Act funding into an account that his presumed successor will soon need authorization from Congress to use.
The pandemic has forced states to consider where to tax work, but the rules remain tangled.