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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Upcoming Events
Daily Briefing
July 28, 2020
Upcoming Events July 28, 2020
Daily Briefing
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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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.
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Companies struggling with lease accounting standard, coronavirus
By Michael Cohn      5 min read
More than half the companies that completed their first audits under the new standard needed to make an extra effort.
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Long-term value creation and integrated reporting
By Michael Cohn
Stathis Gould, director of advocacy at the International Federation of Accountants, discusses how finance pros can provide more effective environmental, social and governance disclosures to stakeholders.
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SPONSOR CONTENT
Adjusting Allowances for COVID-19
Incorporate a quantitative adjustment into your allowance framework under COVID-19
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GASB proposes to improve government financial reporting model
By Michael Cohn      2 min read
The Governmental Accounting Standards Board is proposing a set of improvements in how state and local governments report on their financial condition.
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Engage 2020: How to advance women into the C-suite
By Sean McCabe      3 min read
A panel of female professionals discuss how firms can raise women's value and marketability in the workplace.
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What’s in Senate Republicans’ $1T pandemic relief plan
By Erik Wasson, Laura Litvan and Laura Davison      6 min read
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.
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States see no aid from Senate GOP for swelling budget gaps
By Shruti Date Singh and Amanda Albright      3 min read
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.
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GOP rolls out $1T stimulus to start talks with Democrats
By Erik Wasson and Laura Litvan      3 min read
Senate Republicans presented a series of bills that would trim unemployment benefits, send $1,200 to most Americans, and shield businesses, schools and other organizations from coronavirus lawsuits.
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Trump renews fight to block New York subpoena for his tax returns
By Bob Van Voris      2 min read
President Donald Trump renewed his fight to prevent a New York grand jury from reviewing his tax filings, after the U.S. Supreme Court ruled he doesn’t have absolute immunity from state criminal investigations.
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RESOURCES
WEB SEMINAR
The tools of CAS
An online accounting program is usually the core of a modern Client Accounting Services practice — but it’s not the only tool accountants are bringing to bear, and this session will dive into the broad ecosystem of applications they can leverage.
Learn More
REPORT
Emerge stronger than ever: A strategic guide for accountants in 2020 →
REPORT
Business after Covid-19: 5 new realities facing accountants →
More Resources
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