Featured News
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IRS Nationwide Tax Forums go virtual
The IRS will host its 2020 IRS Nationwide Tax Forums virtually with a series of livestreamed webinars beginning this July.
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New PPP forgiveness guidance issued
Treasury and the U.S. Small Business Administration havereleased new Paycheck Protection Program guidance that provides some clarity on several loan forgiveness questions.
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Wisconsin receives nearly $5B in relief payments
Wisconsin has received nearly $5 billion in Economic Impact Payments in the opening weeks of the coronavirus relief program, according to IRS data.
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Shifting to virtual events
With companies reducing travel budgets, those that rely on in-person networking events and conferences are now turning to online solutions.
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Deducting home office expenses
With many taxpayers now working at home, it’s important they understand the IRS’ rules for deducting home office expenses.
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Reminding clients to update essential documents
With an ongoing need for communication due to coronavirus-related challenges, CPAs have an opportunity to remind clients to update their essential documents.
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HSA contribution limits increase for 2021
The IRS has increased the inflation-adjusted limits on health savings account contributions for 2021.
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State funds allocated to help farmers
The Wisconsin Farm Support Program will invest $50 million in direct payments to farmers affected by the COVID-19 pandemic.
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Work-from-home time-management
By calculating how long it takes to complete tasks and analyzing their returns on investment, financial professionals can better manage their time.
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Revenue recognition date delayed for private entities
FASB will extend by one year the effective date of its revenue recognition standard to all nonpublic entities that have not yet issued their financial statements.