In the blogs: Here comes the write-off

Superseding returns; tax law vs. facts; IRS reopening continues; and other highlights from our favorite tax bloggers.

In the blogs: Here comes the write-off


Is maximizing PPP loan forgiveness the real endgame?

A fresh look at the Paycheck Protection Program suggests other ways businesses may want to think about it.

Is maximizing PPP loan forgiveness the real endgame?


FreshBooks launches Accounting Professionals Program

The program, headed by CPA Twyla Verhelst, aims to tighten collaboration between the software vendor’s small-business customers and the accountants serving them.

FreshBooks launches Accounting Professionals Program


CalCPA CEO pledges change in wake of George Floyd killing

Anthony Pugliese, president and CEO of the California Society of CPAs, outlined a 90-day plan to boost diversity and equality initiatives across the state.

CalCPA CEO pledges change in wake of George Floyd killing


Lawyer who ran from EY tax shelter case gets 3 years

David Smith fought extradition from Canada for 11 years before being returned to face trial last year.

Lawyer who ran from EY tax shelter case gets 3 years


SCOTUS easing path for direct-to-consumer alcohol shipping

But the ability to ship booze will bring complexities — with state sales tax not the least of them.

SCOTUS easing path for direct-to-consumer alcohol shipping


IRS interest rates to fall in third quarter

Rates for overpayments will drop to 3 percent.

IRS interest rates to fall in third quarter


IRS will waive fee for replacing discarded stimulus payment cards

The Internal Revenue Service won’t charge people who threw their stimulus money away because they thought the envelope was junk mail.

IRS will waive fee for replacing discarded stimulus payment cards


GASB releases guidance on cloud-based IT subscriptions

The Governmental Accounting Standards Board published accounting and financial reporting guidance on subscription-based information technology arrangements.

GASB releases guidance on cloud-based IT subscriptions


Ernst & Young sued over Wirecard as accounting woes add up

EY was sued over its work for the payment company, just two days after Wirecard’s headquarters were raided as part of a market manipulation probe.

Ernst & Young sued over Wirecard as accounting woes add up