Coronavirus

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.

Disclosures in financial statements and SEC filings about the current and potential impacts of COVID-19 are a major concern.

The Internal Revenue Service is temporarily allowing taxpayers who engage in so-called “reportable transactions,” typically tax shelters, to fax the Form 8886 for initially disclosing them to the IRS instead of mailing in the form.

Senator Kamala Harris condemned the Trump administration’s handling of the pandemic as the worst failure in U.S. government history, but evaded answers on the Democrats’ positions on the environment and the Supreme Court.

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

Internal Revenue Service commissioner Chuck Rettig heard complaints from lawmakers about their constituents missing stimulus payments.

The document discusses some considerations involving the use of specialists when auditing financial statements during the pandemic.

Conversations have already started about how the increased government expenditures to support citizens during the pandemic will be funded. But resisting the urge to increase taxes may be the best way to support economic growth.

Global confidence improved significantly in the third quarter of the year among accountants.

Individuals who haven’t received their EIPs now have until Nov. 21.

Practitioners share their concerns and hopes in the run-up to the final filing deadline.

The board has voted to defer the effective date of its long-duration insurance contract standard for one year.

Corporate boards of directors are dealing with new problems in financial reporting and accounting.

One of the great challenges of working remotely is replicating the interactions and relationships that develop naturally in a physical office.

The Internal Revenue Service issued guidelines Wednesday scaling back a tax break for client entertainment, following through on an element of President Donald Trump’s 2017 tax overhaul that he has said he wants to reverse amid the virus pandemic.

Crowe releases survey on 2020 business challenges; Katz, Sapper & Miller names first non-CPA CEO; and more CPA news.

The unemployment rate declined to 7.9 percent in September, the U.S. Bureau of Labor Statistics reported Friday.

Under the proposed regulations, amounts paid for DPC arrangements and HCSMs are treated as deductible medical expenses.

A valued accountant is a holistic business advisor to clients, solving human problems that technology simply cannot — and will never be able to — solve on its own.

The coronavirus pandemic is creating new exposures for accounting firms, and exacerbating others.