IRS makes Form 1040-X amended tax returns available for e-filing

The service is now letting taxpayers submit Form 1040-X electronically when they want to file an amended tax return through commercial tax software.

IRS makes Form 1040-X amended tax returns available for e-filing


Art of Accounting: Changes at Fairleigh Dickinson masters’ program

Teaching provides an opportunity to give back by transferring knowledge, sharing experiences and offering a practical outlook to people who either will be starting their careers or are at mid career with a desire to advance further.

Art of Accounting: Changes at Fairleigh Dickinson masters’ program


CAQ's 'Audit in Action’ campaign highlights auditors during COVID-19 pandemic

The campaign looks to recognize auditors through videos, blog posts and other stories in order to “put a face to the auditors who play a significant role in keeping the capital markets functioning.”

CAQ's 'Audit in Action’ campaign highlights auditors during COVID-19 pandemic


PwC expects majority of U.K. staff to work remotely after coronavirus

PricewaterhouseCoopers LLP expects the majority of its 22,000 U.K. staff to spend some of their time working remotely, even after the coronavirus crisis passes.

PwC expects majority of U.K. staff to work remotely after coronavirus


Better Every Day: Virtual — the new work platform

Success in this landscape requires a different mindset and a new approach.

Better Every Day: Virtual — the new work platform


IRS reopens registration for $500 stimulus claims for children

The Internal Revenue Service is giving parents another chance to list their kids so they can receive an extra $500 per child in economic impact payments under the CARES Act.

IRS reopens registration for 0 stimulus claims for children


Valuation considerations relating to NOL limits under CARES Act and TCJA

The limitation on net operating losses under the 2017 tax reform were mostly reversed in the stimulus package in March, but there are some complexities to keep in mind.

Valuation considerations relating to NOL limits under CARES Act and TCJA


Hertz’s ex-CEO will repay $2M over misstatements in 2013

Mark Frissora will return nearly $2 million in incentive-based compensation to settle a U.S. regulator’s claims that he played a key role in causing the now-bankrupt car-rental company to file inaccurate financial statements in 2013.

Hertz’s ex-CEO will repay M over misstatements in 2013


Firms giving back: Grant Thornton names Purple Paladin recipient

Blumshapiro Foundation donates $24K to support New England food banks; and the Georgia Society 7th annual Georgia Accounting Food Fight goes virtual to end hunger.

Firms giving back: Grant Thornton names Purple Paladin recipient


FloQast adds amortization automation, and is hiring

The new capabilities automatically calculate the monthly amortization, remaining balance, and full account reconciliation required for prepaid expense and simple deferred revenue accounts.

FloQast adds amortization automation, and is hiring