News
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.
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.
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.
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.
Four accounting academics were honored for their teaching and research during the 2020 American Accounting Association meeting.
AICPA honors four accounting professors at annual AAA meeting
White House officials said the administration has no plans to do away with the payroll tax despite President Donald Trump saying he would seek a permanent repeal if he wins another term.
The U.S. Small Business Administration has posted rules about how businesses who have been turned down for forgiveness of their Paycheck Protection Program loans can appeal the decision.
SBA offers guidance on appealing rejections of PPP loan forgiveness
