News & Updates

New legislation from the Consolidated Appropriations Act, 2021 creates a chance for some of your clients to take advantage of both Paycheck Protection Program (PPP) loans and the Employee Retention Credit (ERC) under the CARES Act. Several changes specific to the ERC can provide an opportunity for additional relief for your clients. The significant changes […]

During the COVID-19 pandemic, remote work has become common for many companies. What once was a relatively small percentage of remote workers has drastically increased. A recent survey found that many new remote workers are unaware of the potential state tax implications of working in a state or states different from where their company is […]

In this interview, Barry Melancon, CPA, CGMA, President and CEO of the American Institute of CPAs (AICPA) and CEO of the Association of International Certified Professional Accountants (the Association), reflects on an extraordinary year and the steps we must take to prepare for 2021. You have described 2020 as a “historic” year for the profession. […]

Paying taxes is probably low on the list of things that give Americans a warm-and-fuzzy feeling. But getting hit with a surprise tax bill when filing? That makes 34% of Americans feel concerned, 33% frustrated, 32% disappointed and 28% angry, according to a recent AICPA survey conducted by the Harris Poll. Assuring the correct amount […]

The COVID-19 pandemic has had a tremendous impact on the country’s physical health and the economy, including a major impact on states and their revenue.  According to a Center on Budget and Policy Priorities (CBPP) recent report, states, localities, tribal nations and U.S. territories face revenue shortfalls of about $480 billion and $620 billion through […]

Following November’s election, most states have legalized cannabis for either medicinal or personal adult use. Voters in four states — Arizona, Montana, New Jersey and South Dakota — approved ballot measures legalizing cannabis for personal use for adults at least 21 years old. Mississippi and South Dakota legalized cannabis for medicinal use, with South Dakota […]

This holiday season, researchers expect consumer spending to mirror prior seasons but with a huge swing to online shopping. While you’re buying for your loved ones and feeling warm and fuzzy, cybercriminals are feeling the same about the uptick in online shopping because it presents more opportunities to steal data. With cybercrime expected to reach […]

For me, Thanksgiving has historically been an endurance sport. I’ve repeatedly proven to myself that if I can only survive my family’s barrage of questions regarding my singlehood, if I can simply feign an interest in football, if I can laugh off an inebriated uncle’s inappropriate limericks while covering the ears of my innocent siblings, […]

Many of us take stock of our good fortunes during the holiday season, reflecting on what we’re most grateful for and giving back to help others in need. This year has been trying for most of us. Just as businesses and professionals  face economic hardships, many college students face challenges and uncertainties about how to […]

As the accounting profession continues to build trust, create opportunity and grow prosperity amid the global pandemic, the AICPA has implemented numerous advocacy initiatives, built coalitions, created tools and provided leadership that simultaneously propels the profession while addressing its issues and concerns. The AICPA’s advocacy efforts have helped the profession navigate clients’ and [...]