Read More »

EY adds to its global executive team; BKD breaks out big data analytics into a new national practice; and more CPA news.

Read More »

New online portal tool P3 was launched to help CPA firms and clients navigate and document the Paycheck Protection Program loan process. Founded by Atlanta-based AGL CPA partners Jay Robbins and Bradley Sienkiewicz, P3 is a centralized location for CPA firm clients to upload supporting documentation for PPP loan forgiveness and view the percentage of […]

Read More »

On May 26, 2020, thought leaders Gary Boomer, Allan Koltin and Gary Shamis shared their insights on the new challenges facing accounting firms and their leaders, and the steps they should be taking to survive the pandemic and thrive in its aftermath. Watch their conversation above, and then join us for a four-part live series […]

Read More »

Peter Menzies got two coronavirus relief loans last month: one for a bookstore and the other for a restaurant. Now he’s returning the latter, the biggest by far at $125,000. It’s not that he doesn’t need federal aid for his Reading Room restaurant in the hamlet of Katonah, New York, about 40 miles north of […]

Read More »

Education Secretary Betsy DeVos was accused in a lawsuit of illegally seizing millions of dollars in tax refunds from students who defaulted on federal loans despite a congressional ban on such collections during the pandemic. The groups Student Defense and Democracy Forward filed the proposed class-action suit, which also named Treasury Secretary Steven Mnuchin, Friday […]

Read More »

This summer for the first time, taxpayers will be able to electronically file their Form 1040-X, “Amended U.S. Individual Income Tax Return.” Making the 1040-X an electronically filed form has been a goal of the IRS for a number of years, the agency said, adding that it’s also been an ongoing request from the tax […]

Read More »

Pushing Tax Day to July was hailed as a great time relief for taxpayers slammed by the pandemic. Has it worked out that way for preparers? Yes and no — and maybe, depending on what clients need in this new time. “Not at all,” said Burbank, California, CPA Brian Stoner. “I’ve been answering questions and […]

Read More »

On the run; Talent for fraud; relative chips in; and other highlights of recent tax cases. Providence, Rhode Island: Chiropractor Eugene Kramer, 50, has agreed to plead guilty to charges relating to a scheme to defraud health care benefits programs and that he allegedly failed to pay taxes to the IRS for some of the […]

Read More »

The Internal Revenue Service and the Treasury Department issued proposed regulations Wednesday to update the income tax withholding rules for periodic retirement and annuity payments made after Dec. 31, 2020. Before Congress passed the Tax Cuts and Jobs Act in late 2017, if no withholding certificate was in effect for a taxpayer’s periodic retirement and […]

Read More »