Coronavirus

The Governmental Accounting Standards Board is postponing the effective dates of many of its pronouncements and implementation guides for 12 to 18 months to provide some breathing room for accountants.

Right Networks acquires Rootworks; Hancock Askew launches new information security entity; and more CPA news.

Accounting and bookkeeping shed over 67,000 jobs in the month of April, according to the Bureau of Labor Statistics.

The tax prep chain is offering consulting services starting at $99.

The decision, prompted by requests from a bipartisan group of lawmakers, reverses previous IRS guidance.

House Speaker Nancy Pelosi dismissed President Donald Trump’s call for a payroll tax cut and changes in the capital gains tax, saying it wouldn’t help millions of unemployed workers and others struggling in an economy shut down by the pandemic.

The American Institute of CPAs’ Professional Ethics Executive Committee has decided to postpone the effective dates for three of its ethics interpretations in its Code of Professional Conduct for one year, due to the impact of the novel coronavirus pandemic.

Financial executives are taking a two-phase approach to managing coronavirus issues that face their companies, according to a new survey.

The postponed filing date gives taxpayers extra time to lower their tax burden with some last-minute strategies.

It is no secret that many mergers and practice transfers never came to life because of fear.

The Internal Revenue Service said individuals who got a $1,200 stimulus payment intended for someone who’s deceased or incarcerated should return the money but left open the question of how the agency would enforce that.

The coronavirus pandemic will leave indelible marks on accounting.

Gene Marks predicts we’ll emerge from the pandemic sooner that most people expect, with less damage.

The Internal Revenue Service has posted information on how people who weren’t supposed to receive their economic impact payments for the novel coronavirus pandemic should return the money.

A bipartisan group of lawmakers introduced legislation Wednesday to enable small businesses to deduct their expenses even if they have received a loan from the federal government’s Paycheck Protection Protection Program that was later forgiven.

The Settlement Days program is trying out remote options in Detroit and Atlanta.

Many of the remote work practices we’re instituting today are likely to be part of a new normal that survives long after the current crisis has ended.

COVID-19 wiped out most of the jobs gained since the 2008-09 recession despite extensive tax cuts and stimulus payments from the IRS.

Accountants and finance pros have led in formulating strategy, anticipating risk and determining the best course of action to move forward.

As the accounting profession moves through the coronavirus, Transition Advisors' Joel Sinkin shares what the last recession and the aftermath of 9/11 tell us to expect in the M&A market.