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Treasury Secretary Steven Mnuchin says the additional funding Congress approved Thursday to help small businesses survive the coronavirus pandemic should be the last round, but advocates fear it’ll run out quickly and won’t be enough for mom-and-pop shops struggling to stay open. The House approved a bill Thursday including $320 billion more for a loan […]
The Internal Revenue Service is recalling approximately 10,000 employees to handle “mission-critical” work on-site at agency offices on Monday — and it’s requiring them to bring their own protective masks. According to an internal IRS email released by Democratic lawmakers on the House Ways Means Committee over the weekend, agency employees who are coming in […]
Recent events affecting the global financial health of businesses have forced CFOs and treasurers to conserve and preserve cash. Leasing, a long-favored technique of treasurers worldwide, will proliferate in this new environment. Increasing free cash flow through leasing, which is critical during challenging economic environments, enables both large and small businesses to obtain long-lived assets […]
The California Society of CPAs announced the recipients of its 2020 Women to Watch Awards, honoring six female leaders in the accounting and finance profession across the state. The announcement was made during CalCPA’s Women’s Leadership Forum live webcast. The annual award recognizes exceptional female professionals for factors such as leadership, public service, advocacy, mentoring […]
CalCPA announces its 2020 Women to Watch; Deloitte and Dean Dorton launch podcasts covering coronavirus issues; and more CPA news.
The IRS is seeking nominations for the Internal Revenue Service Advisory Council. Applications will be accepted through June 12, 2020. The IRSAC provides an organized public forum for IRS officials and representatives of the public to discuss federal tax administration issues. It proposes enhancements to IRS operations; recommends administrative and policy changes to improve taxpayer […]
Payroll giant Paychex is partnering with lenders Biz2Credit, Fundera and Lendio to help small businesses apply for the new funding offered by the U.S. Small Business Administration’s Paycheck Protection Program. The PPP was included as part of the massive CARES Act stimulus package that Congress passed in response to the coronavirus pandemic, providing loans through […]
The Treasury Department and the IRS reported they have delivered 88.1 million coronavirus stimulus payments to individual taxpayers as of April 17, 2020, totalling $158 billion. More than 150 million of the Economic Impact Payments will also be sent out. States that have received the most payments and money so far are California, Texas, Florida, […]
The Governmental Accounting Standards Board posted a set of questions and answers Thursday with the goal of clarifying, explaining and elaborating on how to implement and apply some of its recent pronouncements for state and local government accounting. Implementation Guide 2020-1, Implementation Guidance Update—2020, answers questions about the application of GASB standards on various topics, […]
Rea Associates Inc., a Top 100 Firm based in New Philadelphia, Ohio, said Thursday it plans to merge in two other Ohio firms later this year: Jones Battles Group LLC on June 1 and Dyer Roche Company Inc. on Nov. 1. Three employees from Jones Battles, which is based in Concord, Ohio, will join the […]
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