Economy August 13, 2026
Americans Have Never Paid This Much for Fuel So Late in the Year
Drivers are paying an average of $4 a gallon for gas and $5.40 a gallon for diesel in the second week of August for the first time ever.
May 27, 2021
AICPAs Seeks Feedback on Insurance Entities Working Drafts
The FASB accounting standard on Long-Duration Contracts makes targeted improvements to the existing recognition, measurement, presentation, and disclosure requirements for long-duration contracts issued by an insurance company. FinREC and the AICPA ...
May 27, 2021
IRS Sends Out 1.8 Million More Covid Stimulus Payments
The announcement covers the most recent two weeks of the effort brings the total disbursed so far to nearly 167 million payments. They represent a total value of approximately $391 billion since these payments began rolling out to Americans in batches ...
May 26, 2021
Balance Sheet Liabilities Climb for Private Companies Amid Lease Accounting Transition
The report cautions private companies—many of whom are behind schedule in their transition to the new standard, despite warnings from public companies and other early adopters—that they may be surprised by how much they’ll have to overhaul their ...
May 25, 2021
Financial Disasters That Could Happen to Anyone — And How to Help Your Clients Prepare
One thing your clients may not want to think about is the possibility of financial disaster. It’s not a pleasant prospect for anyone, and it may seem easier to avoid the thought entirely than face it head-on.
May 21, 2021
Diverse Faculty Attracts Diverse Students
The first Black CPA Ph.D.s and the professors who were mentored or inspired by them have played an important role in attracting generations of ambitious Black students to the profession.
May 20, 2021
New Unemployment Claims Drop to Lowest of Pandemic
Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low, signaling steady improvement in the job market as remaining business restrictions are lifted.
May 20, 2021
Job Optimism Increases; Workers Ready to Return to Workplaces
There is also a new optimism that additional job opportunities will emerge later in the year, contrasting with results from last year in which negative sentiments weighed heavily on most respondents around the world.
May 20, 2021
IRS Provides New COBRA Guidance
The Internal Revenue Service has new guidance on tax breaks under the American Rescue Plan Act of 2021 for continuation health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).
May 18, 2021
Job Descriptions and Essential Functions
Unlike common workplace policies such as time and a half pay for overtime or mandatory family and medical leave, which are legally mandated, no federal or state laws or regulations require employers to have written job descriptions.
May 18, 2021
Anduin to Showcase Intelligence-Based-Billing at 2021 Rainmaker SuperConference
Anduin, a new technology company helping accounting firms streamline their work-to-cash cycles with artificial intelligence, will be showcasing its Intelligence-Based Billing platform in its booth at the 2021 Rainmaker SuperConference taking place ...
May 14, 2021
Will You Get a Second Income Tax Refund? IRS Starts Issuing Unemployment Refunds
The Internal Revenue Service will begin issuing refunds this week to eligible taxpayers who paid taxes on 2020 unemployment compensation that the recently-enacted American Rescue Plan later excluded from taxable income.
May 14, 2021
How to Get the Most Tax Benefits from the American Rescue Plan
Reach out to your clients as you learn about new legislation or guidance to give them your insights and the digestible version of what it means for them. This is your chance to cut through the technical jargon with easy-to-digest insights and showcase ...