AICPA joins in urging tax deductions for expenses paid with forgiven PPP loans

The American Institute of CPAs joined with more than 170 organizations in asking congressional leaders to allow businesses to write off expenses associated with loan forgiveness under the Paycheck Protection Program.

AICPA joins in urging tax deductions for expenses paid with forgiven PPP loans


Private sector added 167,000 jobs in July, says ADP

Job growth slowed in July as a result of the novel coronavirus pandemic.

Private sector added 167,000 jobs in July, says ADP


MSCPA announces 2020 Women to Watch

The Massachusetts Society of CPAs honored seven female professionals — four Emerging Leaders and three Experienced Leaders — for their contributions to the profession.

MSCPA announces 2020 Women to Watch


FASB releases standard for convertible instruments and contracts

The update promises to improve financial reporting associated with accounting for convertible instruments and contracts in an entity’s own equity.

FASB releases standard for convertible instruments and contracts


The work-from-home tax crisis we have to see coming

The living room is the new conference room, and it could lead us down a sticky path when it comes to taxes.

The work-from-home tax crisis we have to see coming


Stimulus talks accelerate with lawmakers under pressure to act

White House and Democratic negotiators driving toward a deal on a final massive virus relief package by the end of the week still must overcome a raw mix of election-year pressures, internal GOP splits and a profound lack of trust between the parties.

Stimulus talks accelerate with lawmakers under pressure to act


Boomer’s Blueprint: The firm advantage

Technology can give you an edge, but not if you focus on the technology, instead of the business problem.

Boomer’s Blueprint: The firm advantage


PPP expense deductibility from year to year

Granting and forgiving loans in different years can create problems.

PPP expense deductibility from year to year


Trump solo act on payroll tax cut could lead to big bills later

President Donald Trump said he is “talking about” doing a payroll-tax cut through an executive action, but doing so could result in hefty tax bills for employers later if the idea doesn’t get mired in legal challenges before then.

Trump solo act on payroll tax cut could lead to big bills later


Election 2020: Trump vs. Biden on tax policy

Top 10 Firm Crowe has put together an at-a-glance guide to the candidates’ positions on individual taxes.

Election 2020: Trump vs. Biden on tax policy