Latest Articles

January 13, 2021 

The AICPA has been advising firms to collect key information from their clients such as average monthly payroll amounts, quarterly revenue comparisons for second draw borrowers and other required documentation to speed the process.

January 13, 2021 

 Kenneth J. Healy, CPA – 2020 ’40 Under 40′ Honoree Partner, Diversified Financial Solutions, PCwww.dfspc.biz Career highlights: Received the Naugatuck YMCA Robert Whittemore (Unsung Hero) Award in 2014 Recognized by the Connecticut Alliance of YMCAs for the active involvement, tireless dedication, and continued support of the Naugatuck YMCA with the Salute to Volunteers award in...…

January 12, 2021 

Frontline workers are concerned about their health risks, other employees had to adjust to working from their kitchen tables, and others are navigating remote work while attempting to support remote learning for their children. Paycor found that 86% of...

January 12, 2021 

The Identity Protection PIN (IP PIN) is a six-digit code known only to the taxpayer and to the IRS. It helps prevent identity thieves from filing fraudulent tax returns using a taxpayers’ personally identifiable information.

January 12, 2021 

Change is no longer a back-of-the-handbook contingency plan. Grit and ingenuity hold the silver lining to a resoundingly difficult year. Perhaps reversing to the way things were is a farce. The next normal will provide us gradations of clarity as ...

January 12, 2021 

The guidance clarifies when the practitioner is required to perform the assessment engagement in accordance with AICPA Statements on Standards for Attestation Engagements and also states that the Statement on Standards for Consulting Services may be ...

January 12, 2021 

As part of this rebrand, B2B organizations in the legal and accounting industries can expect the same quality of services and expertise from Edge’s seasoned marketing and public relations professionals.

January 12, 2021 

After years of low examination rates, the IRS announced it will increase audits of small businesses: by 50 percent. This news comes during a time when complex tax law changes and economic stimulus programs in response to COVID-19 have ...

January 12, 2021 

The most common type of fraud incident was improper revenue recognition (43%). Reserves manipulation (24%), inventory misstatement (11%), and loan impairment issues (11%) were other common financial statement fraud schemes.

January 12, 2021 

Verifyle has been chosen to provide ultra-secure document sharing, messaging and digital signature technology for CalCPA members beginning in January 2021.

January 11, 2021 

43% of the new partners are women, underscoring the firm's commitment to diversity and inclusion.

January 11, 2021 

The IRS has sent the Taxpayer First Act Report to Congress, a comprehensive set of recommendations that will reimagine the taxpayer experience, enhance employee training and restructure the organization to increase collaboration and innovation.