FASB may need to revise CECL to deal with coronavirus fallout

The Financial Accounting Standards Board has come under pressure to relax its credit losses standard as banks and other financial institutions see the value of their assets plunging from the sell-off in the capital markets amid the coronavirus pandemic.

FASB may need to revise CECL to deal with coronavirus fallout


PwC donates $2.85M to coronavirus-related efforts

The Big Four firm’s Charitable Foundation will split its donation among Feeding America, Direct Relief and local nonprofits.

PwC donates .85M to coronavirus-related efforts


Employers can use payroll tax credits for paid leave for coronavirus

Two new refundable credits are aimed at immediately and fully reimbursing employers, dollar-for-dollar, for the cost of providing coronavirus-related leave to their employees.

Employers can use payroll tax credits for paid leave for coronavirus


Art of Accounting: Tax season in the new reality

What we did yesterday is no longer relevant during the coronavirus pandemic, and we need to adapt and quickly. Here are some issues to consider.

Art of Accounting: Tax season in the new reality


Look for the opportunities amid COVID-19: AICPA

A recent webcast urged businesses to focus on potential upsides and customer/employee engagement amid the coronavirus outbreak.

Look for the opportunities amid COVID-19: AICPA


Supreme Court overturns rule on who owns corporate tax refunds

The decision means companies and subsidiaries will want to establish clear tax allocation agreements.

Supreme Court overturns rule on who owns corporate tax refunds


'Challenges create opportunities'

CohnReznick’s newly installed CEO, David Kessler, shares the challenges facing his Top 100 Firm and the profession at large — as well as how the firm has reacted to the coronavirus.

'Challenges create opportunities'


Staying connected amid disconnection

With offices closed, and staff and clients scattered, maintaining relationships (and sanity) can be hard.

Staying connected amid disconnection


Senate Republicans and Democrats offer competing tax proposals for coronavirus

Republicans and Democrats in the Senate have released separate sets of tax proposals aimed at alleviating the effects of the coronavirus pandemic, in contrast to the two bipartisan bills that have been signed into law already.

Senate Republicans and Democrats offer competing tax proposals for coronavirus


Updates on industry events impacted by coronavirus pandemic

Updates on industry events impacted by coronavirus pandemic

Updates on industry events impacted by coronavirus pandemic