Stimulus talks are stuck in $1T ditch over aid to states

There’s little chance of agreement on a new federal coronavirus relief plan without a compromise on the roughly $1 trillion in aid to beleaguered state and local governments that Democrats demand and the White House opposes.

Stimulus talks are stuck in T ditch over aid to states


People & firms on the move: Dembo Jones names co-CEOs and CFO

FICPA welcomes next class to emerging leaders program; Anders adds St. Louis firm; and more CPA news.

People & firms on the move: Dembo Jones names co-CEOs and CFO


DraftKings, FanDuel fees deemed taxable in landmark IRS memo

Daily fantasy sports companies must pay federal excise tax on their entry fees, the IRS has decided, according to an internal memo that could cause a major shakeup in the industry.

DraftKings, FanDuel fees deemed taxable in landmark IRS memo


Tax Fraud Blotter: Well-dressed thieves

Reaching across the Isle; room disservice; game of tag; and other highlights of recent tax cases.

Tax Fraud Blotter: Well-dressed thieves


AICPA honors four accounting professors at annual AAA meeting

Four accounting academics were honored for their teaching and research during the 2020 American Accounting Association meeting.

AICPA honors four accounting professors at annual AAA meeting


White House says no plan to end payroll tax permanently

White House officials said the administration has no plans to do away with the payroll tax despite President Donald Trump saying he would seek a permanent repeal if he wins another term.

White House says no plan to end payroll tax permanently


SBA offers guidance on appealing rejections of PPP loan forgiveness

The U.S. Small Business Administration has posted rules about how businesses who have been turned down for forgiveness of their Paycheck Protection Program loans can appeal the decision.

SBA offers guidance on appealing rejections of PPP loan forgiveness


Highway use tax returns for heavy vehicles due Aug. 31

The IRS is reminding truckers and others that the Form 2290 is due at the end of the month.

Highway use tax returns for heavy vehicles due Aug. 31


Inside the proposed regs on acct'g method changes and carried interest

One tax expert says the IRS proposals run contrary to the intent of the laws they’re supposed to be implementing.

Inside the proposed regs on acct'g method changes and carried interest


Check all the boxes before welcoming employees back to work

Firms of all sizes should be prepared to respond appropriately and help their clients protect the health and safety of their workforce by complying with ever-changing guidelines from federal, state and local authorities.

Check all the boxes before welcoming employees back to work