SBA Now Approving PPP Loan Forgiveness Applications
The Small Business Association (SBA) has said that it began approving PPP loan forgiveness applications on Friday, October 2nd. More than 5 million small- to…
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Wolters Kluwer Tax & Accounting Looks At Current Tax Issues Surrounding the Cannabis Industry
Tax considerations surround production, sale and use at state / federal level Many states have legalized marijuana for medicinal purposes, and a growing number of…
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Audit Data Analytics Drives Quality
Audit Data Analytics tools can turn large amounts of client data into actionable insights. Including analytics in your audit process helps identify areas of higher…
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PPP2 Proposals in New House Democratic HEROES Bill
House Democrats have released a new comprehensive relief bill this week. This proposal is a slimmer version of the HEROES Act and include improvements to…
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State Tax Treatment of Paycheck Protection Program (PPP) Loan Forgiveness
Many states follow the federal tax treatment of Paycheck Protection Program (PPP) loan forgiveness. Under the federal Coronavirus Aid, Relief, and Economic Security Act (CARES…
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Wolters Kluwer extends CCH® AnswerConnect with PPP loan forgiveness estimator for accounting firms
Tool developed by Paychex helps firms support business clients Today, Wolters Kluwer Tax & Accounting announced that users of its award-winning CCH® AnswerConnect online research…
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Proposed Regs Clarify Retirement Plan Rules for Qualified Plan Loan Offsets
The IRS recently proposed regulations to: clarify how to determine what a “qualified plan loan offset” is, andexplain when a retirement plan participant can take…
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CCH Axcess iQ Best Practices Consulting helps find the ‘needle in the haystack’
Rapid technological changes are disrupting the core businesses of many tax-focused accounting firms. This is particularly true for firms that specialize in compliance services. However,…
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AICPA Issues SSAE 21 on Direct Examination Engagements
The AICPA’s Auditing Standards Board (ASB) has issued Statement on Standards for Attestation Engagements (SSAE) No. 21, Direct Examination Engagements. SSAE 21 adds new AT-C…
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How Audit Technology Helps Firms Adapt in 2020
Undoubtedly, 2020 has been a challenging year. First, clients had to quickly adapt to pandemic lockdowns and a remote workforce. Next, they had to deal…
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