Economy

With the forgiveness process now open, accountants, tax professionals and auditors are working around the clock to submit forgiveness applications on behalf of their clients. There are several steps you can take to increase the likelihood of loan forgiveness.

Requiring so little from applicants and giving so little guidance to them is virtually begging for fraudulent loan applications to be submitted or for good faith errors to be made.

As COVID-19 lockdown restrictions eased, New York, New Jersey and Pennsylvania businesses benefited.

Abacus Worldwide has expanded by merging in a fellow accounting association JHI, effective Sept. 1, 2020.

The final three months of the fiscal year showed a slowdown due to the impact of coronavirus on clients.

There are no undergraduate and very few graduate courses on advising clients that want to sell their business or who want to buy a business. When I started my career, there were no CPE courses either.

Mauldin & Jenkins adds five partners; KPMG, Crowe and CohnReznick release reports; and more CPA news.

Although many factors lead to payment inefficiencies, businesses can take steps to better manage their working capital performance and efficiency.

New York is investigating whether President Donald Trump’s company falsely reported the value of his assets to secure loans and get tax benefits as claimed last year by Trump’s former personal lawyer and fixer, Michael Cohen, who has fallen out with his ex-boss.

I am a strong proponent of partner retreats and offsite meetings.

FICPA welcomes next class to emerging leaders program; Anders adds St. Louis firm; and more CPA news.

Daily fantasy sports companies must pay federal excise tax on their entry fees, the IRS has decided, according to an internal memo that could cause a major shakeup in the industry.

The U.S. Small Business Administration has posted rules about how businesses who have been turned down for forgiveness of their Paycheck Protection Program loans can appeal the decision.

Firms of all sizes should be prepared to respond appropriately and help their clients protect the health and safety of their workforce by complying with ever-changing guidelines from federal, state and local authorities.

Two major CPA firms, Baker Tilly and Squar Milner, are joining forces, with the combined firm likely to become one of the 10 largest accounting firms in the U.S. when the deal takes effect on Nov. 1.

New York is seeking to dissolve the National Rifle Association as the state attorney general accused the gun rights group and its current and former senior officials of engaging in a massive fraud against donors.

Within minutes of concluding the video meeting, I’ve pretty much forgotten a good portion of what was discussed.

Blumshapiro donates $24,000 to local nonprofits; Dean Dorton and Dermody, Burke & Brown launch new service lines; and more CPA news.

The economy showed signs of recovery despite the spread of the coronavirus across many parts of the country.