Coronavirus

The Internal Revenue Service is providing guidance on a provision of the American Rescue Plan Act that provides temporary assistance with COBRA premiums to people who have lost their jobs.

During the COVID-19 crisis, many FP&A teams were challenged to update and develop financial models that accurately reflected the massive shifts in strategy, revenue and operations.

A new TIGTA report warns, however, that many didn’t follow the rules and could face potential tax penalties.

As businesses downsize office space and renegotiate leases, they need to look at how they’re accounting for the leases under the new rules.

The service didn’t flag hundreds of millions of dollars of unsupported deductions.

Top 20 Firm Dixon Hughes Goodman will launch DHG Anywhere, a new work model focused on flexibility for both staff and clients, in September.

Over half of public companies have overhauled their financial processes in the past year, according to a Deloitte survey.

While CPAs have provided crucial financial counsel to clients navigating economic uncertainty, it does not mean they themselves are out of the woods.

Over 500 government entities improperly applied for advance payments of employer tax credits last year during the COVID-19 pandemic and needed to repay them, according to a new report.

Accountants are anticipating the global economy will return to pre-pandemic levels in the second half of this year, despite worries about inflation, according to a new survey.