McConnell’s stimulus waiting game turns into race against clock

Senate Majority Leader Mitch McConnell waited until a key component of U.S. coronavirus aid was about to expire before drafting the Republican version of the next major relief bill, a decision that is increasingly looking like a significant miscalculation.

McConnell’s stimulus waiting game turns into race against clock


Republican plan would send more $1,200 stimulus checks in August

The 160 million Americans who got stimulus checks earlier this year would get another payment as soon as next month under a plan being negotiated by Treasury Secretary Steven Mnuchin and Senate Majority Leader Mitch McConnell.

Republican plan would send more ,200 stimulus checks in August


Financial satisfaction fell to five-year low amid coronavirus, says AICPA

The American Institute of CPAs reported Thursday that its Personal Financial Satisfaction Index declined 55 percent in the second quarter of the year, a level not seen since 2015, as the COVID-19 pandemic continued to ravage consumer finances.

Financial satisfaction fell to five-year low amid coronavirus, says AICPA


Tax Fraud Blotter: Know when to hold 'em

Workin’ on the highway; school’s out; paycheck re-route; and other highlights of recent tax cases.

Tax Fraud Blotter: Know when to hold 'em


M&A roundup: Sikich, BPM and Williams-Keepers expand

Sikich acquires Heinold Banwart; BPM merges in Warnick, Maestas & Maroney; and Williams-Keepers acquires Mid-Missouri Accounting Services.

M&A roundup: Sikich, BPM and Williams-Keepers expand


Ex-policeman who killed George Floyd charged with tax evasion

Derek Chauvin, the former Minneapolis police officer who was fired for kneeling on the neck of George Floyd until he died, sparking worldwide protests, has been charged with multiple counts of felony tax evasion over five years.

Ex-policeman who killed George Floyd charged with tax evasion


Accounting Today names 2020 Best Firms to Work For

The annual list recognizes the 100 top workplaces in the profession.

Accounting Today names 2020 Best Firms to Work For


Transition planning, no matter what circumstances

Transition in CPA firms is a process that has passed the test of time and has been managed in good times and bad.

Transition planning, no matter what circumstances


Workers could wait a month for payroll tax cut, if they even qualify

Any boost for workers from a payroll tax cut that President Donald Trump favors would take weeks to kick in and the effects could be distributed unevenly.

Workers could wait a month for payroll tax cut, if they even qualify


Ex-Wirecard CEO rearrested on claims he hid losses for years

Former Wirecard AG Chief Executive Officer Markus Braun and two other former officials were arrested as prosecutors said the company knew about massive losses as early as 2015.

Ex-Wirecard CEO rearrested on claims he hid losses for years