News & Updates

Around this time last year, 12 months and 135 years ago to be exact, we binge-watched “Tiger King” and pondered Prince Harry and Meghan’s royal departure. In early March 2020, we also worked through what we thought would be another conventional tax season. Remember when we were laser-focused on improving our client services and figuring […]

If you are like many of the tax practitioners I’ve talked to lately, the 2020 filing season felt like a rambling run-on sentence. Because of the pandemic, last year’s April 15 filing deadline was extended to July, which ran into fall extension season and bled into more tax legislation. Now we are staring down another […]

“Same as last year?” Definitely not. This year won’t be “business as usual” for auditors. Auditors are navigating a new revenue recognition standard and still dealing with pandemic-related disruptions. CPAs have worked hard to perform audits under uncertain circumstances since the pandemic began, and that work will continue this year. The AICPA® will help you […]

Cyber breaches have become more common threats for businesses. The COVID-19 pandemic accelerated the digitalization of many companies and a shift to remote working. That increased first-quarter cybercrime 273%  in 2020 compared to 2019. The new and innovative ways hackers found to steal company data cost U.S. businesses an average of $8.64 million per breach. […]

They say money can’t buy love, but it can buy heartbreak. Love and finances are exceedingly complex subjects, so it makes sense that it only gets more complicated when you combine them. With Valentine’s Day just around the corner, the AICPA® Financial Literacy Commission encourages Americans to give their loved ones the gift of an […]

Millions of smaller organizations have used digital transformation to reinvent the way they work during the pandemic. The accounting profession is no exception. Fully 97% of respondents to an informal poll of AICPA and CIMA members in late fall 2020 said COVID-19 accelerated digital transformation in their organizations, firms and small businesses. That poll was […]

Most organizations are effectively helping their staffs cope during a time that has put even the strongest among us on edge. Some stress-relieving strategies include: moving to a four-day workweek, giving stipends for wellness coaches or classes and openly discussing mental health and better self-care with the staff. Job security is one of people’s top […]

Your personal identification (ID) is just that, personal. Unfortunately, in today’s world, your ID could get compromised with everyday activities such as ordering food online or signing up for a new music service. To observe Data Privacy Day, the AICPA® Financial Literacy Commission encourages you to take a few steps to find out where your […]

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 […]