Desperate small businesses await fresh aid with or without flaws

As Congress inches closer to resolving a months-long impasse and including as much as $300 billion for more PPP loans in a year-end virus-relief package, lawmakers have sought to address some of the program’s more obvious failings.

Desperate small businesses await fresh aid with or without flaws


Biden suggests ‘foul play’ in political efforts to target son’s taxes

The president-elect believes efforts to use his son as a political cudgel amounted to “foul play” amid a federal investigation into Hunter Biden’s tax matters and Republican calls for a special counsel investigation into his foreign dealings.

Biden suggests ‘foul play’ in political efforts to target son’s taxes


FASB releases 2021 taxonomies

The SEC Reporting Taxonomy and GAAP taxonomy still need to be approved by the SEC.

FASB releases 2021 taxonomies


Tax Fraud Blotter: Group efforts

Folded; they didn’t need to know; sentence guaranteed; and other highlights of recent tax cases.

Tax Fraud Blotter: Group efforts


SEC approves PCAOB’s 2021 budget

The board’s spending is expected to increase only slightly next year, thanks to the pandemic.

SEC approves PCAOB’s 2021 budget


Senators ask IRS whether taxpayer data hit in SolarWinds hack

The leaders of the Finance Committee sent a letter asking for a briefing on whether taxpayer files were breached in the cyber attacks.

Senators ask IRS whether taxpayer data hit in SolarWinds hack


A look ahead at the 2021 filing season

Fewer DIY taxpayers, an overwhelmed IRS and other likely features of the upcoming filing season.

A look ahead at the 2021 filing season


CLA acquires Blumshapiro

In one of the biggest M&A deals of the year, the Top 10 Firm announced a major expansion in the Northeast.

CLA acquires Blumshapiro


81 percent of firms expect more remote work post-pandemic: Survey

Leadership and management consulting firm ConvergenceCoaching’s 2020 Anytime, Anywhere Work Survey results anticipate that remote work is here to stay.

81 percent of firms expect more remote work post-pandemic: Survey


The outsourced controller: Who’s monitoring the bookkeeper?

Business owners don’t have the time or expertise to deter bookkeeping fraud.

The outsourced controller: Who’s monitoring the bookkeeper?