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Massachusetts Society of CPAs president and CEO Amy Pitter is spearheading a group of 28 state society heads who have sent a letter to congressional leaders.
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July 23, 2020
Upcoming Events July 23, 2020
Daily Briefing
State CPA society CEOs call for federal relief for state and local governments amid coronavirus
By Michael Cohn      2 min read
Massachusetts Society of CPAs president and CEO Amy Pitter is spearheading a group of 28 state society heads who have sent a letter to congressional leaders.
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IRS launches office to help make issue-resolution digital
By Jeff Stimpson      1 min read
The new Enterprise Digitalization and Case Management Office has mandates to improve processes and modernize aging systems.
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The pros and cons of moving to the cloud
By Andrew Lassise
The coronavirus pandemic has many accountants considering the cloud, but it’s not a simple decision.
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BDO merges in ACM
By Michael Cohn      3 min read
BDO USA is expanding in Colorado and Wyoming by adding ACM LLP, formerly known as Anton Collins Mitchell LLP, a firm based in Denver.
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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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Aprio teams with CPAsNET
By Michael Cohn      2 min read
Aprio LLP, a Top 50 Firm based in Atlanta, and CPAsNET, a community of accounting and business consulting firms, have formed a strategic partnership.
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Relief granted to opportunity zone investors in light of coronavirus
By Julie Treppa      4 min read
The Tax Cuts and Jobs Act created opportunity zones as an economic development tool to stimulate investments in distressed communities.
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New York’s taxes will stalk you even if you fled during the pandemic
By Ben Steverman      3 min read
As far as the taxman is concerned, home is where the heart is.
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Biden attacks $50B real estate tax break in jab at Trump
By Patrick Clark, John Gittelsohn and Noah Buhayar      3 min read
Joe Biden is threatening to eliminate a tax benefit worth billions of dollars to the real estate industry in an attack on President Donald Trump, a property developer who has boasted about using the tax code to his advantage.
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Looking for a stimulus check? You have until Oct. 15 to contact the IRS
By Laura Davison      1 min read
People who aren’t required to file a U.S. tax return have less than three months to alert the Internal Revenue Service if they haven’t yet received a $1,200 stimulus payment from the government, Commissioner Chuck Rettig said.
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Republicans back stimulus checks but payroll tax cut in question
By Laura Litvan and Erik Wasson      4 min read
Republicans crafting their own plan for a new U.S. virus-relief bill broadly endorsed a fresh round of stimulus checks to individuals, extended supplemental jobless benefits and more money for testing while voicing doubts over President Donald Trump’s desired payroll tax cut.
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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.
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How CPA firms use the cloud to make remote work productive  →
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5 Reasons CPA firms should move to the public cloud →
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