Featured News
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DPI revises financial literacy standards
The Wisconsin Department of Public Instruction has revised its standards for promoting financial literacy among its students.
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IRS to keep July 15 filing deadline
Treasury and the IRS have announced that they will not postpone the July 15 tax filing and payment deadline.
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PPP guidance on maturity dates, loan amounts
Recently issued Paycheck Protection Program guidance addresses PPP loan maturity dates for all borrowers as well as maximum loan amounts for certain self-employed individuals.
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Rollover relief for required minimum distributions
Under new IRS guidance, taxpayers who already took an RMD in 2020 from certain retirement accounts now have the opportunity to roll those funds back into a retirement account.
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Demand for CPAs rises
Accountants are the sixth most in-demand job on LinkedIn, according to new data, and they top the list of jobs with the fastest-growing demand.
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GASB addresses deferred compensation plans
GASB issued a new standard that helps reduce costs and increase the consistency and comparability of reporting on state and local governments’ fiduciary component units.
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Working from home with kids
CPAs who are working from home with kids can take certain measures to stay productive while also being present for their families.
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Proposed guidance on disallowed QTF deduction
The IRS has proposed new regulations that explain the disallowance of qualified transportation fringe benefits and provide guidance on transportation and commuting expenses.
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FASAB defers lease accounting standard date
The FASAB recently deferred the lease accounting effective date for federal entities to reporting periods beginning after Sept. 30, 2023.
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WEDC extends We’re All In deadline
The Wisconsin Economic Development Corp. is extending its We’re All In Small Business Grant Program to 11:59 p.m. on Friday, June 26.