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IRS extends penalty relief for pandemic payroll credits To continue to allow employers to take immediate advantage of various credits enacted in response to the COVID-19 pandemic, the IRS is permitting eligible employers who pay qualifying wages to retain an amount of the payroll taxes equal to the amount of qualifying wages that they paid, … Read more
How the 2021 busy season is different Two firms explain how they are practicing flexibility and understanding this busy season. Across the country, some accounting firms prepared for the 2021 busy season by staffing up and offering more flexible work options for employees who are dealing with family issues during the pandemic. But navigating business … Read more
The Workplace of the Future The last year has come with unprecedented challenges but also brought great opportunities for innovation and growth. For small to mid-sized accounting firms, the workplace of the future will continue to evolve and look different than the past. The last year has come with unprecedented challenges but also brought great … Read more
Cybersecurity requirements provide new opportunity for CPAs CPAs have a new opportunity to act as third-party assessors of the cybersecurity maturity of U.S. defense contractors as they work to comply with new regulations that have been created to combat cyberthreats. CPAs currently providing System and Organization Controls (SOC) services, cybersecurity or IT security services, or … Read more
AICPA Leader Tells Congress of Urgent Need for a 60-day Delay in PPP Application Deadline Simpson also called upon Congress to extend the PPP application deadline by at least 60 days after March 31, 2021, citing urgent challenges facing small business and their CPA advisors, … Lisa Simpson, CPA, CGMA, vice president of firm services … Read more
CPAs urged to be voice of calm in PPP storm CPAs have a great opportunity to act as a stabilizing force with small business clients as rule changes, deadline pressures, and ongoing processing problems with the Paycheck Protection Program (PPP) fuel a spike in frustration and anxiety levels. That was one of the messages delivered … Read more