People & firms on the move: Grassi adds high-net-worth specialist partner

Whitley Penn launches strategic consulting services practice; Illinois CPA Society announces 2019 Excel Award winners; and more CPA news.

People & firms on the move: Grassi adds high-net-worth specialist partner


Organizations lose 5 percent of revenue to fraud every year

The typical case of fraud costs $8,300 per month, and the median duration of each fraud case was 14 months.

Organizations lose 5 percent of revenue to fraud every year


SSI recipients to receive automatic stimulus payments for coronavirus

People who receive Supplemental Security Income will automatically get economic impact payments from the federal government in response to the novel coronavirus pandemic.

SSI recipients to receive automatic stimulus payments for coronavirus


Coronavirus payments hit glitches

In some cases, problems with the IRS payments may be due to tax preparers.

Coronavirus payments hit glitches


Setting your firm’s priorities amid the coronavirus crisis

Major changes are required in client services, delivery models, staffing practices and management.

Setting your firm’s priorities amid the coronavirus crisis


Tax Fraud Blotter: The usual Noncents

Where grass is not greener; MS KO; brother’s keeper; and other highlights of recent tax cases.

Tax Fraud Blotter: The usual Noncents


Proposal would cut PTIN fees more than a third

The IRS is suggesting a drop in cost from $33 to $21.

Proposal would cut PTIN fees more than a third


SEC awards over $27M to whistleblower

The Securities and Exchange Commission awarded the funds to a tipster who alerted the agency to financial misconduct occurring, partly, overseas.

SEC awards over M to whistleblower


GASB suggests postponements of pronouncements due to coronavirus

The Governmental Accounting Standards Board is proposing to delay the effective dates of provisions for all Statements and Implementation Guides by one year.

GASB suggests postponements of pronouncements due to coronavirus


Using data to orchestrate a stronger coronavirus recovery

Businesses need strong predictive analytics to prepare for the way back.

Using data to orchestrate a stronger coronavirus recovery