Featured News
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New IRS guidance on troubled pension plans
The IRS issued guidance for multiemployer qualified retirement plans that receive special financial assistance from the PBGC and for participants and beneficiaries in those plans.
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Strong jobs report also shows wage increases
The pace of U.S. hiring accelerated in June, with payrolls increasing by the most in 10 months, suggesting firms have greater success recruiting workers.
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Microsoft urges Windows 10 users to upgrade
Microsoft is urging Window 10’s one billion users to update their software immediately due to a new cyberthreat.
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AICPA seeks feedback on future CPA Exam content
A new survey from the AICPA seeks feedback on the preliminary content proposed for the redesigned CPA Exam.
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Farm businesses get guidance on tax treatment of losses
The IRS has issued guidance that instructs taxpayers with a net operating loss, consisting entirely or partly of a “farming loss,” on how to make or revoke certain elections.
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Creating a comfortable return to the office
Firms are returning to in-person work, but making the transition requires more nuance and patience than just flipping a switch back to normal.
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SBA closes Restaurant Revitalization Fund
The SBA has officially closed the Restaurant Revitalization Fund (RRF) after awarding the program’s full $28.6 billion to more than 100,000 restaurants and bars.
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Tax relief extended for employer leave-based donations to aid pandemic victims
The IRS extended the tax relief provided in Notice 2020-46 for calendar year 2021 for employers whose employees forgo sick, vacation or personal leave because of the pandemic.
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Most workers say remote working improved their finances
Among the Americans who worked from home at some point during the COVID-19 pandemic, more than half say working remotely improved their finances, according to a new report.
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ASB addresses agreed-upon procedures for asset-backed securities
A new ASB statement of position addresses the effects of changes to the attestation standards on agreed-upon procedures related to rated asset-backed securities.