Accounting February 28, 2026
Voting Opens for 2026 Readers’ Choice Awards!
Voting in the 2026 Readers’ Choice Awards is now open. Readers can vote for the programs, hardware, services, and other technologies they use and trust.
July 6, 2020
IRS to Examine Upper Echelon Taxpayers
About half of the non-filers owe more than $50,000 in tax while close to 2,000 scofflaws are on the hook for more than $1 million. Besides the back taxes, wayward taxpayers will generally be hit with a 5% penalty for ...
July 6, 2020
IRS Issues Guidance for Consolidating Groups Regarding Net Operating Losses
The TCJA generally eliminated NOL carrybacks and permitted NOLs to be carried forward indefinitely. The TCJA also provides special rules for nonlife insurance companies and farming losses.
July 6, 2020
Paycheck Protection Program Extended to August 8
President Trump has signed into law an extension of the Paycheck Protection Program.
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July 6, 2020
Amazon Set to Open Grocery Stores Across the Nation
The commerce giant’s grocery strategy is also advancing on another front, with new locations of its conventional checkout grocery stores coming to Seattle, California, and the Chicago and Washington, D.C., areas.
July 6, 2020
Next 4 Months Will Define the State of the Airline Industry
Now nearly four months into COVID-19, it’s becoming clear how big a hole the pandemic created in the airline experience. And the next three to four months could be just as telling as the last.
July 6, 2020
Pandemic is Speeding the Shift to a Cashless Society
Tom Ivory, the founder of the Baker Street Bread Co. in Philadelphia’s Chestnut Hill section, fought a valiant effort for years to rein in bank fees by imposing a minimum credit card purchase of $10. But more customers wanted to go cashless, and Ivory eventually relented and accepted plastic for any transaction, no matter how...…
July 6, 2020
IRS Accepts Cash Payments at Retail Stores like 7-11 and Casey’s
The cash payment plan allows taxpayers to make a payment without a bank account or credit card at participating 7-Eleven stores, Ace Cash Express and Casey's General Stores nationwide.
July 6, 2020
AICPA Offers Covid-19 Hardship Grants to College Students
The grants, funded by the AICPA Foundation, will provide $2,000 to up to 25 students who are experiencing extenuating circumstances, such as loss of job or internship, due to COVID-19 to help cover ...
July 6, 2020
Today’s Top Business Risks and Steps to Mitigate Them
As organizations begin to re-evaluate risks in the context of the “new normal,” businesses will need to take steps to identify and minimize risks that may once have been controlled in at least three key areas.
July 3, 2020
NABA Virtual Conference Kicks Off on July 8 with Melancon, Ellison-Taylor and Hood
Three of accounting’s four most influential thought leaders will lead a conversation about the future of the profession to kick off “Insight Reimagined,” the 2020 convention of the National Association of Black Accountants.
July 2, 2020
Making a Career Jump During COVID-19
You’ve heard the stories. Colleagues or other acquaintances were recently furloughed because of the COVID-19 lockdown. Some have been welcomed back as their offices begin to reopen. Others have not been so lucky. Fear and uncertainty continue to hang over the entire global job market, and the accounting industry is no different. Like professionals in...…
July 1, 2020
Thomson Reuters and EY Collaborate for International Tax Platform
Thomson Reuters’ Orbitax International Tax Platform is a native cloud application consisting of a series of fully integrated tools and workflow solutions to help tax departments keep pace with the ever-changing tax rules and regulations.