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IRS Warns Businesses They Can't Deduct Expenses if Their PPP Loans Are Forgiven
The Trusted Professional
The IRS has released guidance Manocchio v. Commissioner troubled rollout so far CNBC
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Regulatory Roundup - April 28 to May 4
The Trusted Professional
AICPA Press Releas Main Street America Urgently Needs PPP Loan Forgiveness Calculation Guidance, Says AICPA Lack of guidance…
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Treasury Aims to Reclaim Stimulus Money Sent to Dead People
The Trusted Professional
The Treasury Department accidentally sent $1,200 stimulus payments to dead people and now it's aiming to get the money back,…
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Jobless Claims Climb by 3.8 Million
The Trusted Professional
This week's unemployment figures over 30 million Wall Street Journal New York Times Washington Post according to CNN as Vice…
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Economy Shrank by 4.8 Percent in First Quarter
The Trusted Professional
Battered by the global pandemic, U.S. gross domestic product (GDP) fell by 4.8 percent in the first quarter of this year, the…
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FASB Releases Q&A on How Hedge Accounting Factors for COVID Pandemic
The Trusted Professional
The Financial Accounting Standards Board staff Q&A FASB Accounting Standards Codification Topic 815, Derivatives and…
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Federal Reserve Pledges to Keep Interest Rates Low, Continue New Programs, Until Economy Improves
The Trusted Professional
The Fed's written statement troubled implementation stock indices actually went up
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Enthusiasm Gives Way to Fear as Markets Pare Back Yesterday's Gains
The Trusted Professional
CNBC Bloomberg already bad situation Conference Board ecstatic tech stocks
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NYS Tax Law Sets Up Coming Showdown With Other States Over Revenues
The Trusted Professional
New York state tax law, specifically the provisions regarding people who work from home, is setting up Albany for major…
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