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Senate Passes Pandemic Relief Bill, With Some Notable Tax Changes
The Trusted Professional
NBC News. the New York Times CPA Practice Advisor House of Representatives version, child tax credit — would exempt…
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Some PPP Applicants Once Again Face Processing Delays
The Trusted Professional
according to CNN. announced that, for two weeks, from Feb. 24 through March 9, only businesses with fewer than 20 employees…
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AICPA Joins Calls to Extend Tax Deadline
The Trusted Professional
in a recent letter to the Department of the Treasury and the IRS “The effect of numerous legislative changes overloading…
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CBO Issues Warning on Debt
The Trusted Professional
The Congressional Budget Office historically low interest rates. according to Fortune grown concerned proponents of Modern…
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Goodwill Impairment, Already High Before the Pandemic, Shot Up in 2020
The Trusted Professional
The dollar amounts of goodwill impairments were already approaching highs not seen in years, but 2020 saw them explode even…
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GASB Proposes Updating Compensated Absences for For First Time Since 1992
The Trusted Professional
The Governmental Accounting Standards Board Compensated Absences Accounting for Compensated Absences Exposure Draft the GASB…
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Senate Democrats Narrow Eligibility for $1,400 Checks, Will Likely Delay Stimulus Vote to Weekend
The Trusted Professional
reported the Wall Street Journal passed the House recent ruling from the Senate parliamentarian Bloomberg
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NYC Council Considering Small Business Aid, Including Penalty Relief
The Trusted Professional
The New York City Council One bill The other bill,
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Billionaire Says Wealthy Will Find Ways to Avoid Wealth Tax if It Passes
The Trusted Professional
Billionaire financier Leon Cooperman said that if Sen. Elizabeth Warren's longshot wealth tax somehow passes into law, the…
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