SBA releases streamlined PPP forgiveness forms

The U.S. Small Business Administration released a one-page form aimed at simplifying the process of applying for forgiveness of Paycheck Protection Program loans, along with newly revised and updated forms to meet the requirements of the latest stimulus legislation.

SBA releases streamlined PPP forgiveness forms


People & firms on the move: Grassi appoints CMO

Prager Metis names co-MP; Mauldin & Jenkins adds HR advisory services practice; and more CPA news.

People & firms on the move: Grassi appoints CMO


IRS isn’t verifying millions in QBI deductions

The Internal Revenue Service hasn’t been properly vetting millions of dollars in deductions that could be erroneous, according to the inspector general.

IRS isn’t verifying millions in QBI deductions


Firms giving back: E. Cohen raises $25K for local hunger initiative

Big Four firm EY’s College MAP mentorship program also saw 400 high school students receive nearly $800,000 in scholarships for 2020.

Firms giving back: E. Cohen raises K for local hunger initiative


5 ways to make disclosures more effective for investors in 2021

Some leading organizations are taking the SEC’s cue and tightening up their filings to provide stakeholder with better clarity, focus and insight.

5 ways to make disclosures more effective for investors in 2021


Biden’s student loan freeze shows path to erase billions of debt

Thanks to vagaries of the accounting world, Donald Trump’s administration had a chance in the final weeks of the presidential race to cancel more than $200 billion of student loans with no immediate hit to the Department of Education’s massive portfolio. Yet it didn’t do it. Now, perhaps Joe Biden will.

Biden’s student loan freeze shows path to erase billions of debt


Yellen leaves door open to tax increase on wealthy Americans

Treasury Secretary-designate Janet Yellen said she would work with lawmakers to fast-track a series of tax increases on corporations and wealthy Americans as the Biden administration tries to pass spending on infrastructure and expanding the social safety net.

Yellen leaves door open to tax increase on wealthy Americans


Benchmarking for Nonprofits from Armanino taps into big data

Benchmarking has become a useful tool for organizations of all kinds to gauge their performance during the uncertain environment created by the COVID-19 pandemic.

Benchmarking for Nonprofits from Armanino taps into big data


Tax Fraud Blotter: Trust busters

Drug money; ghosts of a chance; skin games; and other highlights of recent tax cases.

Tax Fraud Blotter: Trust busters


Biden names acting chair for SEC

President Biden has picked Allison Herren Lee, a member of the Securities and Exchange Commission, as the acting chair of the SEC, as nominee Gary Gensler waits in the wings as a more permanent chair once he is confirmed by the Senate.

Biden names acting chair for SEC