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Accountants Worry About Losing Clients Amid The Pandemic

Client attrition is the issue that's keeping the most accounting firm leaders up at night amid the upheavals of the coronavirus pandemic, according to a new survey — even as a third of those leaders struggle to balance their work with the new personal responsibilities brought on by the new environment.

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What CPAs Should Consider

The coronavirus pandemic created a challenging environment for CPA practitioners related to the new auditor reporting standards that were developed by the AICPA Auditing Standards Board (ASB).

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PPP Loan Forgiveness Timeline May Be Extended

The Paycheck Protection Program was hailed for its promise to help small businesses survive the COVID-19 crisis. The PPP Loan program provides eligible small business owners with a loan worth up to 2.5 times its average monthly salary obligations.

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IASB Issues Amendments To IFRS Standards

The International Accounting Standards Board (Board) has today issued several small amendments to IFRS Standards.

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Business Taxpayers Can Make SUW Payments in June

In support of businesses navigating their way through the COVID-19 pandemic, the Michigan Department of Treasury today issued a notice that provides business taxpayers additional time pay their Sales, Use and Withholding (SUW) taxes.

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SBA Releases PPP Forgiveness Form

The U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, released an application form Friday for Paycheck Protection Program (PPP) loan forgiveness along with instructions for completing the form.

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IF YOU'RE WORKING FROM HOME

As an academic who regularly worked from home in the days before coronavirus, my friends often joked about what they imagined my daily routine might be (such as enjoying a morning gin and not changing out of my pajamas).

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Tax Deadline Could be Extended to Sept. 15

Although talks within the Trump administration are still in the preliminary stage, NBC news has reported that the deadline could be postponed again to September 15—or even as late as December 15.

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House Democrats Introduce $3 Trillion Relief Bill

A 1,815-page stimulus bill labeled the “HEROES Act” was introduced by Democrats as of Tuesday morning, with $3 trillion to bolster direct payments to Americans, additional funding for state and local governments and an extended expiration date for some unemployment benefits related to the COVID-19 pandemic.

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Working From Home

The COVID-19 lockdown has subjected many workers and companies to a radical experiment, providing many conclusions for the future, with important consequences for how we work, as well as the environment.

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