A critical PPP deduction, tax extenders, business meal deductions and more are among the critical points.
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Upcoming Events
Daily Briefing
December 23, 2020
Upcoming Events December 23, 2020
Daily Briefing
A dive into the stimulus package's tax provisions
By Roger Russell      3 min read
A critical PPP deduction, tax extenders, business meal deductions and more are among the critical points.
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Clarity at last: Stimulus package allows PPP deduction
By Laura Davison and David Hood      3 min read
The provision could amount to $120 billion in write-offs.
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CLA names next CEO
By Daniel Hood      2 min read
Jen Leary will succeed Denny Schleper on Jan. 1, 2021.
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In the blogs: Re-relief
By Jeff Stimpson      4 min read
Size of this rescue; next season’s wrinkles; new blog on board; and other highlights from our favorite tax bloggers.
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SPONSOR CONTENT
Managing Your Firm in a Post-COVID World
Think beyond the pandemic with exclusive resources to help you build a thriving virtual practice.
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IRS sets standard mileage rates for 2021
By Jeff Stimpson      2 min read
Taxpayers still have the option to calculate the actual costs of using their vehicle.
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Intuit opens online Unemployment Center
By Ranica Arrowsmith      1 min read
The new web portal is aimed at helping the recently unemployed navigate the tax and benefits implications related to unemployment.
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Bookkeepers are embracing the role of trusted advisor
By Jeannie Ruesch      5 min read
A recent survey shows that many bookkeepers have begun offering strategic advice this year — some without even realizing it.
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A CPA’s guide to better prospect meetings
By Robert Shapiro      4 min read
To get more business, accountants need to invest more in the time they spend face to face with prospective clients.
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The SEC fires a warning shot about COVID-19 disclosures
By Erika Kelton      3 min read
A recent case is a warning that companies must disclose the financial impact of the pandemic.
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Mogul’s dementia claim in tax case spurs U.S. to suspect fakery
By Neil Weinberg and David Voreacos      3 min read
Prosecutors call for 'healthy skepticism' regarding the suspect's sudden decline.
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RESOURCES
WEB SEMINAR
Auditor best practices for busy season
Many firms struggle to comply with what is at the core of every audit, like identifying and responding to risks of material misstatement. That is why proactively learning good audit best practices can only be beneficial to your firm.
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ASC 842 lease accounting standard handbook →
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Continuous accounting: A smart approach to better, faster decision making →
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