CARES Act

The top Republican and Democrat on the Senate Finance Committee said the Treasury Department “missed the mark” in new guidance that limits tax breaks for businesses that get their Paycheck Protection Program loans forgiven.

The Internal Revenue Service reminded taxpayers Thursday that they only have until Nov. 21 at 3 p.m. Eastern Time to register for an Economic Impact Payment of $1,200 or more.

The single-family house on Forestview Avenue in Euclid, Ohio, a suburb of Cleveland, shows no signs of farming activity. The only things growing on the one-eighth-acre plot are trees, shrubs and grass.

Practitioners share how they handled charging for stimulus services, and interacting with clients.

Regardless of who wins the White House, the scope for tax legislation in the near term will be limited.

COVID-19, the election and much more all need to be taken into account.

The American Accounting Association has issued a rare rebuke to Congress criticizing government interference in accounting standards.

The coronavirus pandemic has introduced a number of new areas that companies need to address.

The U.S. Small Business Administration and the Treasury Department are making it easier for companies to get their Paycheck Protection Program loans of $50,000 or less forgiven.

The CARES Act will play a critical role, according to Grant Thornton.