| Prager Metis names co-MP; Mauldin & Jenkins adds HR advisory services practice; and more CPA news. | | | Accountants and AI | | Artificial intelligence is something of a black box for accountants, combining theoretical opportunities with a lot of vague threats of disintermediation. This special collection peeks inside the box to get at the exciting truth. | |
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| Treasury plans efforts to deliver missing stimulus payments → | | By Michael Cohn 4 min read | | The Treasury Department said Friday it plans to launch an all-out effort to deliver Economic Impact Payments to people who haven’t yet received the two rounds of stimulus payments that they should have received last year or this month. | |
| SEC appoints acting chief accountant → | | By Michael Cohn 2 min read | | The Securities and Exchange Commission tapped deputy chief accountant Paul Munter to become acting chief accountant when chief accountant Sagar Teotia leaves in February. | |
| SBA releases streamlined PPP forgiveness forms → | | By Michael Cohn 2 min read | | The U.S. Small Business Administration released a one-page form aimed at simplifying the process of applying for forgiveness of Paycheck Protection Program loans, along with newly revised and updated forms to meet the requirements of the latest stimulus legislation. | |
| Biden’s student loan freeze shows path to erase billions of debt → | | By Shahien Nasiripour 4 min read | | Thanks to vagaries of the accounting world, Donald Trump’s administration had a chance in the final weeks of the presidential race to cancel more than $200 billion of student loans with no immediate hit to the Department of Education’s massive portfolio. Yet it didn’t do it. Now, perhaps Joe Biden will. | |
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