Banks, Borrowers Turn to Complex Task of PPP Loan Forgiveness

While more than $100 billion in PPP funds remain available, lenders and borrowers may well be in the most “daunting” phase yet of the ever-complex Paycheck Protection Program.

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Finance’s Return To The Office

Time for economies to restart, states to reopen and businesses to re-emerge. And, of course, now employees will re-enter the office. Right? Well, not so fast! This is much harder than it looks. No matter how one feels about the lockdown experience, the reality is it has changed peoples’ outlooks in many ways on many things.

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IAASB Addresses Pandemic Issues In Audit Practice Alert

The International Auditing and Assurance Standards Board (IAASB) published a staff audit practice alert Friday that is designed to highlight key areas of focus for auditor reporting related to the coronavirus pandemic.

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IRS release latest state-by-state Economic Impact

WASHINGTON — The Treasury Department and the Internal Revenue Service today released updated state-by-state figures for Economic Impact Payments reflecting the opening weeks of the program.

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Working from home for a while?

VPNs, anti-malware, and good cyber hygiene will help prevent viruses and phishing attempts from penetrating your home office.

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Accountants Worry About Losing Clients Amid The Pandemic

Client attrition is the issue that's keeping the most accounting firm leaders up at night amid the upheavals of the coronavirus pandemic, according to a new survey — even as a third of those leaders struggle to balance their work with the new personal responsibilities brought on by the new environment.

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What CPAs Should Consider

The coronavirus pandemic created a challenging environment for CPA practitioners related to the new auditor reporting standards that were developed by the AICPA Auditing Standards Board (ASB).

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PPP Loan Forgiveness Timeline May Be Extended

The Paycheck Protection Program was hailed for its promise to help small businesses survive the COVID-19 crisis. The PPP Loan program provides eligible small business owners with a loan worth up to 2.5 times its average monthly salary obligations.

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IASB Issues Amendments To IFRS Standards

The International Accounting Standards Board (Board) has today issued several small amendments to IFRS Standards.

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Business Taxpayers Can Make SUW Payments in June

In support of businesses navigating their way through the COVID-19 pandemic, the Michigan Department of Treasury today issued a notice that provides business taxpayers additional time pay their Sales, Use and Withholding (SUW) taxes.

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