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August 1, 2020

NCCPAP calls for automatic forgiveness for smaller PPP loans

By Daniel Hood 2 min read

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

IRS finalizes rules on business interest expense deduction limits

By Michael Cohn 2 min read

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

Vertex goes public on Nasdaq

By Michael Cohn 5 min read

The tax technology provider plans to use the extra capital to expand abroad and develop new sales and use tax software and services.

GOP stimulus package a starting point for negotiations

By Roger Russell 3 min read

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

A tax season for the record books

By Roger Russell 6 min read

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

IRS offers guidance on recapturing excess employment tax credits amid coronavirus

By Michael Cohn 2 min read

New regulations to help employers reconcile any advance payments of refundable employment tax credits and recapture the benefit of these credits when necessary, in line with the CARES Act and the Families First Act.

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Adjusting Allowances for COVID-19

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Engage 2020: Opportunities ahead for accountants

By Daniel Hood 4 min read

The coronavirus pandemic has opened up a number of specific areas with potential for the profession, according to leaders at the AICPA.

The risks of reopening

By Roger Russell 6 min read

Firms need to plan their return to work very carefully.

NASBA votes to advance CPA Evolution initiative with AICPA

By Michael Cohn 4 min read

The National Association of State Boards of Accountancy voted to approve the CPA Evolution model, which it has been developing with the American Institute of CPAs, in an effort to require more technology skills from CPAs to pass the Uniform CPA Examination and qualify for state CPA licenses.

Art of Accounting: Advice to new accountants

By Edward Mendlowitz 9 min read

The problem for young people starting their careers is there is no one to really guide them and lead them forward.