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IRS Get My Payment

The Get My Payment link is now live but users may experience delays due to high demand. The link allows people to track the status of their second Economic Impact Payment and whether it will arrive via direct deposit or paper check. Direct deposit of stimulus funds began last week; mailing of paper checks started Dec. 30.

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.CPA Readies for Individual CPA Applicants

The initial phase of application for the new .cpa restricted domain has come to a close. As firms begin applying for their first come, first serve domain assignation, individual CPAs can start gearing to apply in January. Those still on the fence about securing their own .cpa domain should consider these four points before setting their digital sphere checklist in 2021.

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Federal Stimulus Package Leverages Several Tax Provisions

Last week, the MICPA reported the essentials of the second Paycheck Protection Program (PPP2), but forgivable business loans are only one piece of a much larger relief package. Much of the relief taxpayers will see resides within the tax code and a number of provisions aimed at reducing their obligations in 2020 and 2021. As tax season readies for launch, the time to get familiar with the next volley of coronavirus tax code is now

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HealthCare

15 Ways to Maximize Your Productivity & Earnings

While some distractions are inevitable, they shouldn’t steal your focus from doing things that create value and help you earn money, says Grace Marshall, author of the award-winning book “How to Be Really Productive” and productivity expert at Think Productive.

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Consolidated Appropriations Act, 2021

Summary of the New Stimulus Bill (The ‘Consolidated Appropriations Act, 2021’)

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PPP2 - Ready, Set, Go: An Advisory Checklist for Your Small Business Clients

Now that Congress has officially passed the second aid package as part of a massive spending bill, the time to prep for a second round of Paycheck Protection Program (PPP) applications is now. Are you sitting on go? Securing funds is expected to be a major advisory service over the next two years - here's how to prepare your clients for their next chance to grab a forgivable loan.

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Everything That Matters About the New PPP

Last night, Congress approved the Consolidated Appropriations Act of 2021, a massive spending bill which included new coronavirus relief measures such as a second Paycheck Protection Program (PPP2). The shape of the PPP2 has consumed headlines in recent weeks as negotiations persisted, but the MICPA has the final breakdown of everything that matters about the PPP2 so that you can help your clients prepare now.

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PPP And EIDL Loan Advances And Changes Under New Act

Hundreds of thousands of small businesses and millions of people have been waiting for a second round of Paycheck Protection Program (“PPP”) loans to keep businesses and professionals operational. The new law will help many of these individuals and businesses, but not all.

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News Finance

FASB Proposes Accounting Alternative to the Goodwill Triggering Event Assessment for Certain Private Companies and Organizations

Norwalk, CT—December 21, 2020—The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) intended to provide an accounting alternative that would reduce the complexity for certain private companies and not-for-profit organizations when performing the goodwill triggering event evaluation. Stakeholders are encouraged to review and provide comment on the proposed ASU by January 20, 2021.

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The Future of Auditing is Now

It seems as if one era of auditing is continually giving way to a new one as policy and technology continue to evolve. Due the fast-changing nature of the profession, even seasoned auditors can sometimes feel overwhelmed. In 2020, the rate of progression seems to have quadrupled with rapid technology adoption, pushed ahead by necessity. As we approach the start of a new year, find out what lay ahead for yet another new era of auditing

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