Featured News
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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.
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Virtual town hall meeting against racism
The Ohio Society of CPAs will host a free virtual town hall conversation about taking a stand against racism at 11 a.m. CST on Thursday, June 11.
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Interest rates decrease for Q3
The IRS has recently announced that interest rates will decrease for the calendar quarter beginning July 1.
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Subscription-based tech arrangement guidance
GASB issued accounting and financial reporting guidance June 5 for subscription-based information technology arrangements used by state and local governments.