Coronavirus

Is your firm still hung up on butts in the seats?

A federal judge blocked recovery of any pandemic relief funds from Texas, Louisiana or Mississippi if those states use the aid to offset state tax revenue shortfalls.

The new post-COVID workplace has changed the role of the chief financial officer and created substantial challenges and opportunities in all industries.

The total value of goodwill impairments recorded by U.S. public companies more than doubled in 2020 during the first year of the COVID-19 pandemic, according to a new study, and the same may happen again this year as geopolitical tensions rise.

The Internal Revenue Service is suspending a number of notices it usually mails to tax-exempt organizations and governmental entities when it’s missing their tax returns, citing the pandemic and the IRS’s own backlog of unprocessed tax returns and correspondence.

The CI division has conducted more than 660 investigations over the past two years.

Businesses are continuing to reevaluate how they measure success, suggesting that the KPIs to which they hold their AR teams accountable will look a lot different than in years past.

The last few years have been a tumultuous time for businesses everywhere, defined by the after-effects of the Great Resignation and the ongoing pandemic, but that’s why it’s crucial the next pivot is your greatest pivot and relates to your firm’s technology.

The Empire State wasn’t the only one to come out ahead, with all 50 states receiving more from the federal government than their residents paid in taxes in fiscal year 2020.

Riding a demographic shift that predates the pandemic, Idaho has seen its sales tax collections increase by almost 40%.

The Internal Revenue Service has released more information on tax credits available for paid sick and family leave under the American Rescue Plan Act of 2021.

Accountants and procurement experts are being urged to team up to deal with the supply chain shortages plaguing the world economy during the pandemic.

Two directors at a real estate firm that borrowed millions from the U.K.’s pandemic loan program are being probed for preparing misleading financial statements.

The COVID-19 pandemic has brought numerous changes to our daily lives, including the workforce, which saw a significant shift. The finance and accounting sector, in particular, has been deeply affected.

CFOs rank supply chain disruptions, the talent shortage and tax reform as higher risks than COVID-19, according to a recent survey from BDO USA.

The Internal Revenue Service updated its frequently asked questions page on higher education emergency grants for pandemic-related financial aid, with new information for students and educational institutions.

Accountants can help manage high expectations by first establishing a strong culture of monitoring.

The Internal Revenue Service is pointing to some of the successes with pro bono clinics that represented nearly 20,000 taxpayers in 2020 who faced a tax dispute with the agency, despite the pandemic.

The Internal Revenue Service backlog is adding to long delays in processing carryback refunds of net operating losses claimed by companies during the pandemic.

A group representing managers at the service is pushing back against demands to stop sending automated tax notices to taxpayers.