The key tactic for CPA firms moving forward is strategic prioritization, according to the panel of AICPA and CPA.com leaders.

The U.S. Small Business Administration will be unveiling an online portal where Paycheck Protection Program borrowers can directly apply for forgiveness on loans of $150,000 or less without going through their bank.

Two lawmakers in the House reintroduced bipartisan legislation Wednesday to change a provision in the Tax Cuts and Jobs Act that makes it difficult for performers to deduct business expenses.

The agreement marks a significant breakthrough in the drive to muscle through Congress a massive infusion of new spending for roads, bridges and other critical projects.

The negotiations have blown past several deadlines despite persistent expressions of optimism from lawmakers in both parties that they were close to an agreement.

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.

The International Accounting Standards Board proposed to reduce the disclosure requirements for eligible subsidiaries under International Financial Reporting Standards.

The Internal Revenue Service proposed regulations lowering the threshold so more employers will need to electronically file information returns such as W-2 and 1099 forms instead of filing them on paper.

Tesla, MicroStrategy and Square will have to reckon with their digital holdings in earnings reports.

Former Treasury officials say both parties should agree to increase money for the agency.

Finishing a bipartisan plan is pivotal to getting all Democrats on board with a budget outline setting up a $3.5 trillion package.

Having accountants involved seems to lower costs and result in fewer restatements.

Accounting gimmicks may be needed to keep the federal government from defaulting.

We need to measure the amounts of greenhouse gases that are emitted and removed from the atmosphere, and get them to 'net zero.'

The Senate Finance Committee chairman's legislation would streamline the 199A deduction for qualified business income, allowing accountants, lawyers, doctors and others to qualify, but phasing out above $400,000.

Despite enhancements already made to audit quality, the audit profession will never rest on its laurels.

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

So far, the Speaker of the House has been relegated to the sidelines in the stalled Senate debate over a $3.5 trillion budget blueprint.

The bill would expand eligibility for the “pass-through” deduction to lawyers, accountants or doctors making above certain income thresholds.

The exposure draft covers various accounting and financial reporting issues that were identified during implementation, application, and due process on GASB standards.