IRS interest rates to fall in third quarter

Rates for overpayments will drop to 3 percent.

IRS interest rates to fall in third quarter


IRS will waive fee for replacing discarded stimulus payment cards

The Internal Revenue Service won’t charge people who threw their stimulus money away because they thought the envelope was junk mail.

IRS will waive fee for replacing discarded stimulus payment cards


GASB releases guidance on cloud-based IT subscriptions

The Governmental Accounting Standards Board published accounting and financial reporting guidance on subscription-based information technology arrangements.

GASB releases guidance on cloud-based IT subscriptions


Ernst & Young sued over Wirecard as accounting woes add up

EY was sued over its work for the payment company, just two days after Wirecard’s headquarters were raided as part of a market manipulation probe.

Ernst & Young sued over Wirecard as accounting woes add up


AICPA launches new CPA Exam scholarship

The CPA Exam Scholarship will offer up to $1,500 to a minimum of 50 AICPA Student Affiliate members or U.S. AICPA CPA Exam Candidate Affiliate members to reimburse fees associated with the exam and prep courses.

AICPA launches new CPA Exam scholarship


Art of Accounting: Stanley Goldstein’s Top 10 game changers

The co-founder of Goldstein Golub Kessler discusses the highlights of his career and life.

Art of Accounting: Stanley Goldstein’s Top 10 game changers


Trump says he’ll ask Congress for extra economic stimulus

President Donald Trump said he’ll ask Congress to pass more economic stimulus, including a payroll tax cut, even after the government reported a surprise improvement in U.S. unemployment on Friday.

Trump says he’ll ask Congress for extra economic stimulus


IRS rules target coaches at Duke, Notre Dame, hospital chiefs

The service issued guidance that levies a 21 percent excise tax on some nonprofit employees’ salaries above $1 million.

IRS rules target coaches at Duke, Notre Dame, hospital chiefs


Accounting MOVE Project releases 2020 report on female leadership

The annual paper on female representation and leadership at accounting firms honored firms making waves in gender equity.

Accounting MOVE Project releases 2020 report on female leadership


CaseWare releases new cloud, AI solutions for auditors

As the coronavirus pandemic continues, the need for remote audit capabilities remains a prime concern.

CaseWare releases new cloud, AI solutions for auditors