Featured News
-
SBA clarifies PPP forgiveness application due date
The SBA has released new FAQs that confirm Paycheck Protection Program (PPP) loan forgiveness applications are not due Oct. 31.
-
IRS finalizes consolidated group NOL rules
The IRS has finalized guidance for consolidated groups on the treatment of net operating losses (NOLs) after recent statutory changes.
-
Audit committee cybersecurity disclosures rising in proxy statements
Public company audit committees continue to increase the level of their disclosures around cybersecurity in proxy statements, according to a yearly analysis.
-
IRS adds QR codes to tax notices
The IRS is using QR technology on certain tax notices, allowing taxpayers to scan the codes with their smartphones and directing them to the IRS website.
-
Simpler forgiveness for PPP loans under $50K
The SBA and Treasury have released a simpler loan forgiveness application (Form 3508S) for PPP loans under $50,000.
-
New AICPA guidance re fair value, stablecoins
The AICPA recently published nonauthoritative guidance on issues related to the accounting for digital assets.
-
Applications open Oct. 19 for next round of We’re All In grants
The Wisconsin Economic Development Corp. will distribute an additional $50 million to small businesses impacted by the pandemic in the second round of We’re All In grants.
-
SBA clarifies deferral period for PPP loans
The SBA has released guidance clarifying that lenders must recognize the previously established extended deferral period for payments on all Paycheck Protection Program (PPP) loans.
-
Economic pain grows as pandemic lingers
The U.S. economy is facing a tidal wave of long-term unemployment as millions of people who lost jobs early in the pandemic remain out of work six months later and job losses increasingly turn permanent.
-
New survey on CPA pipeline challenges
To best serve accounting and finance professionals, the Illinois CPA Society is conducting a research study focusing on the decision to pursue, or not pursue, the CPA credential.