Latest Articles

June 8, 2020 

The set of questions address provisions professionals should consider when evaluating businesses that received funding or support under one of the CARES Act provisions. Specifically, it offers insight related to tax law changes ...

June 5, 2020 

The PPP Flexibility Act is a critical, positive step for small business and the nation’s economy. AICPA applauds Congress for its strong, bipartisan commitment to small businesses and their great need for flexibility in using PPP funds.

June 5, 2020 

As IT teams face intense pressure to digitally transform their organizations, they should focus their initial effort where it counts most. AP automation is a prime place to start your digital transformation.

June 5, 2020 

This past June, the AICPA was awarded the .cpa (dot CPA) top level (worldwide) domain which has been reserved exclusively for entities confirmed by the AICPA to be affiliated with the CPA profession. This was done to promote long term confidence when visiting a website with the .cpa extension or receiving an email from a…

Roman Kepczyk

June 5, 2020 

CPA Canada discovered that an unauthorized third party accessed certain personal information through a cyber-attack against the CPA Canada website. Upon discovering this, CPA Canada, with the assistance of cybersecurity experts, took...

June 4, 2020 

Taxpayers who sold property for an eligible gain and who would have had 180 days to invest in a QOF to defer that gain, may have additional time. Notice 2020-39 provides that if a taxpayer’s 180th day to invest in a QOF would have fallen on ...

June 4, 2020 

The PCI-DSS (Payment Card Industry Data Security Standard) is the payment card industry’s rigorous information security standard and applies to all organizations that store, process, and/or transmit cardholder data.

June 4, 2020 

As an outsourced CFO you can provide the professional competence necessary to ensure “the way we do it here” produces reliable financial statements for management and lenders, facilitates regulatory compliance and provides ...

Bill Slaughter

June 4, 2020 

Companies have cut their profit and sales outlooks significantly in response to stay-at-home restrictions and other pandemic-related impacts. Business executives now expect revenue to shrink five percent over the next 12 months, a swing from ...

June 4, 2020 

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

June 4, 2020 

With more than 800 third party apps that connect to the platform, Xero’s app marketplace now serves up suggestions based on a small business’ profile when they are logged into Xero and an improved search toolbar presents popular apps and quick links, providing a more personalised, intuitive, and efficient experience.

June 4, 2020 

In-house team leaders must reconcile these challenges if they want to take on more substantive advisory roles supporting their own corporate strategies.