IRS relieves penalties for 2019 and 2020
As part of COVID-19 pandemic relief, the IRS will automatically abate failure-to-file penalties for certain tax and information returns and refund those penalties already paid.
COVID-19 news and information
Bills extend statute of limitation for prosecuting PPP, EIDL fraud
President Joe Biden signed bills that give the government more time to catch and prosecute fraud related to two of the most popular COVID-19 small business relief programs.
Is it time to rethink your firm’s physical footprint?
The rise of remote work is an opportunity to evaluate where work gets done.
Accounting for employee retention credits
Companies that received financial assistance during the pandemic have questions about which standards to apply related to accounting for the ERC.
CPA Q&A: Parenthood in the pandemic and finance purpose statements
A CPA leader discusses his love of space leading to a job at Virgin Galactic, how finance purpose statements can be “a guiding light,” and advice for aspiring accountants in this podcast episode with transcript.
How accounting firms deal with hybrid working
Switching from remote to hybrid working brings with it challenges accounting firms have not had to deal with before. Here is how five firms are tackling these challenges.
Advice for building strong personal connections in a hybrid world
A CPA firm leader shares advice on collaboration and learning to be vulnerable and explains why accountants seeking board service shouldn’t focus on the role of treasurer.
The state of US not-for-profits: More demands, fewer resources
A new survey by BKD CPAs & Advisors finds that most US not-for-profits are adding new services to meet increased demand despite facing shortfalls in funding and staffing.
Not-for-profit audits in a remote world, plus IRS news
Learn how the abrupt shift to remote work affected not-for-profit audits and how they’re coping now, plus the latest news, in this podcast episode with transcript.
TIGTA: IRS beset by processing backlogs, hiring lags in 2021
A review by the Treasury Inspector General for Tax Administration assessed the IRS’s 2021 performance, customer service issues and administration of tax law changes.
