Latest Articles

January 10, 2021 

Even as average personal incomes rose during the pandemic largely because of government aid, millions of people who didn’t receive such help have fallen into poverty, struggling to pay for food and other basic expenses.

January 10, 2021 

AICPA News is a round-up of recent announcements from the American Institute of CPAs.

Mary Girsch-Bock

January 8, 2021 

Elon Musk, the billionaire CEO of Tesla and SpaceX, is now the richest person in the world, surpassing former titleholder and Amazon chief Jeff Bezos with a net worth of $189.7 billion, according to Forbes’s real-time billionaire net-worth estimates ...

January 8, 2021 

The increased pressure on AP, combined with weak network security and unfamiliar remote workflows, left an opening for fraudsters to take advantage of the chaos. In the September 2020 edition of the Fraud in the Wake of COVID-19 Benchmarking Report, ...

January 8, 2021 

MBAF is the largest Florida-based accounting and professional services firm, and one of the largest Hispanic-owned businesses in the region. MBAF offers assurance, tax and accounting, advisory, technology consulting and private wealth management ...

January 8, 2021 

To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly ...

January 7, 2021 

Fewer than 700,000 homes were listed for sale with U.S. real estate agents in December, according to a new report by Realtor.com.

January 7, 2021 

Economists project the government jobs report on Friday will show the unemployment rate increased for the first time in eight months with employers hiring 50,000 workers, the fewest since payrolls started to recover in May.

January 7, 2021 

The big items of note in the Consolidated Appropriations Act, 2021 (CAA, 2021) include extending and expanding existing provisions from prior 2020 federal COVID-19 legislation such as the employee retention credit, paid sick and family leave credits, and Paycheck Protection Program. [This article first appeared on the Thomson Reuters blog.] After much negotiating, the latest...…

January 7, 2021 

Starting this week, the Treasury Department and the Internal Revenue Service are sending approximately 8 million second Economic Impact Payments (EIPs) by prepaid debit card.

January 7, 2021 

There are several structures for adding financial planning services to your firm’s current services. For example, you can handle everything in-house or partner with a financial planning firm to provide services.

January 7, 2021 

Clients already turn to you and trust you for tax planning, which most likely incorporates a part of financial planning such as 401Ks, IRAs, and other retirement plans and investments. Financial planning services augment the tax strategies you already ...