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Senate and House Republicans introduced legislation that would give businesses refundable tax credits against payroll taxes to meet some of the expenses associated with reopening during the novel coronavirus pandemic. Sen. Rob Portman, R-Ohio, introduced the Healthy Workplaces Tax Credit Act on Monday to help businesses safely reopen while ensuring the safety of employees and […]
Jirav has received $8 million in Series A funding to boost development and adoption of its all-in-one budgeting, forecasting, reporting, and dashboarding software. The value of analytics has become rapidly apparent during the novel coronavirus pandemic as businesses face disruption to unprecedented degrees. Jirav’s cloud-based solution provides user-driven financial modeling, which sits at the core […]
CLA Foundation grants over $500K to 40 organizations; KLR promotes three; and more CPA news.
Woodard Events announced that it will be moving the date of its major accounting technology conference, Scaling New Heights, to Nov. 8-11, in response to the current state of the coronavirus pandemic in Florida, which has seen a major upsurge of cases recently. There will also be a remote option for accountants, business advisors and […]
The American Institute of Certified Public Accountants (AICPA) and its business and technology arm, CPA.com, has released a Paycheck Protection Program (PPP) loan forgiveness platform, PPPForgivenessTool.com, which automates the forgiveness process for small business owners who received funds from the PPP. Part of the CARES Act stimulus package, the PPP is designed to help businesses […]
Over a hundred members of Congress are asking the Internal Revenue Service to resolve a number of issues preventing the remaining Economic Impact Payments from going out to taxpayers who desperately need the money as they struggle through the novel coronavirus pandemic. The letter, signed by 111 lawmakers, was addressed Thursday to IRS Commissioner Chuck […]
New York State’s Department of Financial Services issued a report saying five tax prep software companies have been making it difficult for taxpayers to access the free versions of their software, even though they belong to the Free File Alliance. A series of reports over the past year by the investigative news site ProPublica have […]
Top 10 Firm CliftonLarsonAllen announced on Thursday that its charitable division, the CLA Foundation, has granted $537,350 to 40 organizations across the country via its summer grant program. The firm stated that the majority of this year’s grantees serve “populations who have been historically underserved or underrepresented as defined by race, disability, veteran status and […]
A Bitcoin investor in New Hampshire has filed a lawsuit against the Internal Revenue Service after he received a letter from the IRS inquiring about his digital currency holdings. The IRS has been cracking down on cryptocurrency holders, receiving the names of approximately 13,000 customers of the Coinbase exchange after issuing John Doe summonses in […]
The American Institute of CPAs has updated its Practice Aid, “Accounting for and Auditing of Digital Assets,” to include nonauthoritative guidance on how to audit digital assets. The new material adds to the new accounting guidance issued last year by the Institute. “This non-authoritative guidance goes a long way in helping auditors consider the potential […]
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