Latest Articles

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March 29, 2021 

104 Year-Old NY Accounting Firm Opens Modern, Hybrid Worker Office

To support the expectation that more employees will have a hybrid work schedule—part remote and part in office—each workstation has been equipped with a locker for employees to store individual items. This feature provides safety for the employees’ ...

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March 29, 2021 

Tax Deductions: IRA Contributions Can Be Made Until May 17, 2021

Contributions to a traditional IRA are usually tax deductible, and distributions are generally taxable. There is still time to make contributions that count for a 2020 tax return, if they are made by April 17, 2021. Taxpayers can file their return ...

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March 28, 2021 

IRS Ramps Up Covid Fraud Investigations

To learn more about COVID-19 scams and other financial schemes visit IRS.gov. Official IRS information about COVID-19 and Economic Impact Payments can be found on the Coronavirus Tax Relief page, which is updated frequently.

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March 28, 2021 

How Covid Changed the Accounting Profession for Good

As we reach the one year anniversary of stay-at-home mandates across the nation, it’s important to reflect on how COVID-19 has changed the accounting and tax industry as we knew it. For the past year, many of us have been waiting to return to “normal,” ..

PPP Paycheck Protection Program

March 28, 2021 

AICPA Thanks Congress for PPP Extension

The additional 60 days provided by the PPP Extension Act will greatly help small businesses, non-profits and the CPAs that serve them complete existing and file new PPP loan applications. AICPA believes that this extension gives the SBA time to update ..