Featured News
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Making a difference by addressing racism
Now that the nation is discussing gaps in opportunity, access and equity in the Black and African American community, it’s time to work together to overcome the systematic challenges.
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Hackers target mobile banking apps
Cybercriminals are targeting mobile banking apps in an attempt to steal money as more Americans turn to online banking during the COVID-19 pandemic.
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FASB addresses insurance, gifts-in-kind, more
FASB has proposed delaying the effective date of its standard on long-duration insurance contracts by one year and to approve two new standards regarding convertible instruments and gifts-in-kind.
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Proposed accounting guidance for CARES Act aid
GASB has proposed new guidance to assist state and local governments in their accounting for funds received as a result of the Coronavirus Aid, Relief and Economic Security Act.
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Dot.CPA domains available July 1
AICPA-confirmed firms and other accounting entities can reserve their .cpa (dot CPA) website domain starting July 1.
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Guidance on accounting for forgivable PPP loans
A nongovernmental entity may account for a Paycheck Protection Program loan as a financial liability under certain conditions, according to new AICPA guidance.
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E-signature requirement recommendations
The AICPA Tax Executive Committee recently requested that the IRS update and modernize its e-filing signature requirements in four areas.
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WICPA calls for members to stand together
Now is the time for members to stand together: an important statement from WICPA leadership.
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Main Street Lending Program expands again
The Federal Reserve recently announced that it will expand the terms of its $600 billion yet-to-launch Main Street Lending Program to make it accessible to more companies.
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Partial PPP forgiveness under 60% threshold
Borrowers under the Paycheck Protection Program can qualify for partial loan forgiveness if they use less than 60% of the loan for payroll.