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Tucked in among more than 5,000 pages of legislative text, the congressional bill providing COVID-19 relief and 2021 government funding includes dozens of tax breaks for beneficiaries ranging from downtown restaurants and the film industry to motor-sports racetracks. And many of the benefits will stick around long after the pandemic is over. Besides granting temporary […]
Attorney General William Barr said he sees no reason to appoint a special counsel to oversee an investigation of President-elect Joe Biden’s son, Hunter Biden, a statement sure to frustrate President Donald Trump and his closest advisers. Barr said Monday that a probe into the younger Biden, believed to be linked to tax-related issues over […]
Eight months after they got a $56,000 forgivable loan from the federal government, Lauren and Ben Reese lie awake nights talking about whether they’d do it again. Don’t get them wrong. Like most small-business owners who took part in the $523 billion Paycheck Protection Program, the Reeses are grateful. In March, business dropped 30 percent […]
Katz, Sapper Miller adds eight directors; Herbein + Co. promotes 18; and more CPA news.
The House and Senate are set to vote Monday on $900 billion in pandemic relief aimed at boosting the U.S. economy into the early spring, combined with $1.4 trillion to fund regular government operations for the rest of the fiscal year. The bill includes help for small businesses, the jobless and direct payments to most […]
Lockstep, which makes cloud software for accounts receivable and payable, is now certified by and available on the Acumatica marketplace. Acumatica makes cloud-based enterprise resource planning software. Lockstep acquired Anytime Collect last year, which made software for automated customer communication and bill collection. The resulting product, Lockstep Collect, is an automated customer onboarding and contact […]
Let’s say some of your clients did the right thing and purchased a long-term care contract years ago while premiums were much less expensive. They also did so before many typical medical issues started popping up in their mid 60s. Yes, having a long-term care insurance contract is a wonderful thing. It will provide your […]
Depending on the business structure your clients have chosen and the state they are registered in, they may be required to hold an annual meeting and record minutes. Let’s take a moment to discuss what an annual meeting and annual meeting minutes are, their purpose, and what your clients should know if they haven’t yet […]
Five organizations that provide different standards and frameworks for sustainability reporting released prototypes Friday of climate-related financial disclosure standards to illustrate how they could work within their various approaches. The five groups — the Sustainability Accounting Standards Board, the Global Reporting Initiative, the International Integrated Reporting Council, the Carbon Disclosure Project, and the Climate Disclosure […]
The International Auditing and Assurance Standards Board has issued a set of three revised standards aimed at improving quality management for auditors across the globe. The new standards aim to encourage a stronger and more proactive approach to quality management than earlier quality control standards. “These standards will drive the audit profession to an enhanced […]
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