Accounting April 17, 2026
Last Chance to Vote in the 2026 Readers’ Choice Awards!
Each year, readers get the opportunity to show their support for the programs, hardware, services, and other technologies they use and trust.
May 3, 2020
Businesses with Forgiven PPP Loans Will Lose Tax Deductions
Small businesses that manage to get their Paycheck Protection Program loans forgiven may find themselves losing valuable tax breaks, according to new guidance from the Internal Revenue Service.
May 1, 2020
Guidance Needed on PPP Loan Forgiveness Calculation, Says AICPA
The nation’s 44,000 CPA firms have quickly mobilized to get PPP funds into the hands of small businesses, however they and their clients say that the lack of guidance makes it difficult for them to make critical decisions on important matters, such as ...
April 30, 2020
IRS Continues Sending Out Coronavirus Stimulus Payments, Offers FAQs on Error Messages
Taxpayers should check the FAQs often for the latest additions; many common questions are answered on IRS.gov already, and more are being developed. Here are answers to some of the top questions people are asking.
April 30, 2020
3.8 Million More U.S. Workers File for Unemployment, Rate Hits 22%
Millions more Americans filed for unemployment benefits last week, sending the six-week total above 30 million since the coronavirus pandemic began to shutter businesses across the country.
April 29, 2020
Coronavirus Charity: How to Decide Where to Donate
According to a survey of nonprofit organizations by Charity Navigator and Reuters this month, 83% of respondents said they were suffering financially because of the outbreak. Many groups have had to cancel fundraisers and in-person events ...
April 29, 2020
AICPA Suggests Conditions for PPP Loan Forgiveness
The recommendations were made in consultation with an AICPA-led small business funding coalition, CPA firms and other key stakeholders. They build on previous guidelines the AICPA has provided to help bring clarity to the implementation of the PPP.
April 28, 2020
IRS Website Now Has Tools to Add or Change Direct Deposit Information, Track Coronavirus Stimulus Payments
Taxpayers who did not have direct deposit information on record with the IRS can now enter or change that info on the IRS website Get My Payment tool.
April 28, 2020
AICPA Recommends Federal Reserve Create Short-Term Accounts Receivable Lending for Small Business Relief
The American Institute of CPAs (AICPA) has called for the Federal Reserve to create a federally backed, short-term accounts receivable lending facility that would allow companies to pledge future receivables and, in return, receive immediate cash flow.
April 28, 2020
IRS Urges Non-Tax Filers to Use Online Tool to Get Coronavirus Stimulus Payments
The Internal Revenue Service is recommending that low-income Americans use the free, online tool Non-Filers: Enter Payment Info to quickly and easily register to receive their Economic Impact Payment.
April 28, 2020
Adaptability is the Key to Business Continuity Through Covid
The economic fallout resulting from the coronavirus will test the ability of companies to adapt to a business climate that is changing daily. Companies that are agile enough to adapt to new working paradigms, new ways of servicing clients and new ...
April 26, 2020
21 Million Taxpayers Delayed Filing Past April 15
As of April 17, 2020, the IRS reported that 115,961,000 individuals had filed their 2019 tax returns, compared to 137,233,000 returns filed for 2018 by April 19, 2019. That is 21,272,000 less— a drop-off of 15.5%.
April 25, 2020
SSI, VA Benefit Recipients and RR Retirees Must Act by May 5 to Add Dependents
Supplemental Security Income and Department of Veterans Affairs beneficiaries need to act by May 5 if they didn’t file a tax return in 2018 or 2019 and have dependents so they can quickly receive the full amount of their Economic Impact Payment.