It was the best of times for some tax pros — and the worst for others.

Democrats are demanding more Republican concessions to meet an end-of-the-week deadline for a deal on pandemic relief, and one of the chief White House negotiators warned there is little time left for negotiations.

The American Institute of CPAs joined with more than 170 organizations in asking congressional leaders to allow businesses to write off expenses associated with loan forgiveness under the Paycheck Protection Program.

The update promises to improve financial reporting associated with accounting for convertible instruments and contracts in an entity’s own equity.

White House and Democratic negotiators driving toward a deal on a final massive virus relief package by the end of the week still must overcome a raw mix of election-year pressures, internal GOP splits and a profound lack of trust between the parties.

Granting and forgiving loans in different years can create problems.

The emergence of new coronavirus hotspots, especially in the South and West, had a major impact, according to a new report from payroll giant Paychex.

The Financial Accounting Standards Board has released a new guide to a feature of Extensible Business Reporting Language known as extensible lists.

The Internal Revenue Service released regulations to restrict a valuable tax break that hedge fund managers were able to claim after an error in 2017 Republican tax law.

The IRS aims to clarify and explain some changes from the Tax Cuts and Jobs Act.

The rules for employer-provided parking are particularly complex.

Tax pros share lessons from this July 15 — and for next year.

Time is running out for further relief efforts before the August recess.

In a letter to leading legislators, the group also urged them to make businesses expenses paid with PPP money deductible.

The service released the final regulations and other guidance on the deduction, which was amended by the CARES Act.

Here are some lessons learned from the 2018 tax year compliance season.

The GOP legislation includes a second tranche of stimulus payments, structured the same way as the earlier round, in March, along with tax credits for businesses.

The economic stimulus plan released by Senate Republicans offers no new money for states and cities to cope with swelling budget shortfalls, leaving them to contend with a grave financial crisis that’s already forcing them to slash spending, furlough workers and delay projects as tax revenue disappears.

The Governmental Accounting Standards Board is proposing a set of improvements in how state and local governments report on their financial condition.

Under Armour Inc. said a pair of top executives, including founder Kevin Plank, has been named in a federal probe of the company’s accounting, sending shares of the athleticwear maker down.