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

Better Every Day: Virtual — the new work platform

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

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

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

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

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

There’s little chance of agreement on a new federal coronavirus relief plan without a compromise on the roughly $1 trillion in aid to beleaguered state and local governments that Democrats demand and the White House opposes.

Stimulus talks are stuck in T ditch over aid to states

FICPA welcomes next class to emerging leaders program; Anders adds St. Louis firm; and more CPA news.

People & firms on the move: Dembo Jones names co-CEOs and CFO

Daily fantasy sports companies must pay federal excise tax on their entry fees, the IRS has decided, according to an internal memo that could cause a major shakeup in the industry.

DraftKings, FanDuel fees deemed taxable in landmark IRS memo

Reaching across the Isle; room disservice; game of tag; and other highlights of recent tax cases.

Tax Fraud Blotter: Well-dressed thieves