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FASB has issued a standard that provides an alternative to goodwill impairment triggering event evaluations for private companies and not-for-profits.

Job seekers are becoming more open to opportunities outside their current roles, indicating a future workforce that is more skilled and more apt to transition into new industries.

The Paycheck Protection Program (PPP) application deadline formally changed from March 31 to May 31 when President Biden signed the extension into law on Tuesday, March 30.

Individuals have until May 17 to meet certain deadlines that would normally fall on April 15, the IRS announced March 29.

The IRS’ Criminal Investigation Division is marking the one-year anniversary of the CARES Act by pledging its continued commitment to investigating COVID-19 fraud.

The IRS recently recently clarified that the purchase of personal protective equipment (PPE), such as masks, hand sanitizer and sanitizing wipes, are deductible medical expenses.

Best practices for navigating LinkedIn stayed relatively unchanged during the pandemic, but experts recommend accountants approach the platform in a more mindful and deliberate way.

Gov. Evers signed into law March 26 a bill that allows accredited higher education credits, such as from a technical college, to count toward the 150-hour requirement to obtain a CPA license.

The SBA is targeting early April to launch a phased rollout of the $28.6 billion Restaurant Revitalization Fund, a senior SBA official recently testified.

In a 92-7 vote on March 25, the Senate passed a 2-month extension for the U.S. Small Business Administration’s Paycheck Protection Program.