A customer shops for paper towels at a supermarket in Trenton, New Jersey, U.S., on Monday, March 16, 2020. All New Jersey schools must close starting March 18 for at least two weeks as state officials try to slow the spread of the new coronavirus, Governor Murphy said. Photographer: David 'Dee' Delgado/Bloomberg

The American Institute of CPAs has organized a coalition of 21 business trade groups to push for help for businesses' short-term liquidity needs.

July 7
2 Min Read
AT-070620-COVID-Coronavirus impact on productivity

A new study also found that accountants are, by and large, very pleased with how their firms have responded to the pandemic.

July 7
1 Min Read
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This year is expected to be the worst for the global economy since World War II, according to a new survey by the Association of Chartered Certified Accountants and the Institute of Management Accountants.

July 7
3 Min Read
GASB logo at headquarters in Norwalk, Connecticut

The Governmental Accounting Standards Board released a technical bulletin with guidance for applying existing GASB standards to transactions related to the CARES Act and outflows incurred in response to the COVID-19 pandemic.

July 6
1 Min Read
Sign in front of IRS building in Washington, D.C.

The Internal Revenue Service and the Treasury Department released proposed regulations and temporary regulations to offer guidance for consolidated groups on net operating losses in the wake of changes under both the Tax Cuts and Jobs Act of 2017 and the CARES Act.

July 6
2 Min Read
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The Trump administration released details of almost 4.9 million loans to businesses – from sole proprietors to restaurant and hotel chains – under the federal government’s largest coronavirus relief program so far, the $669 billion Paycheck Protection Program.

July 6
5 Min Read
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The 2017 tax law eliminated the federal write-offs previously allowed for unreimbursed business expenses and home offices, along with most other miscellaneous itemized deductions.

July 6
3 Min Read
AICPA building in Durham, N.C.

The American Institute of CPAs announced that it is offering education grants to 25 accounting students who have been monetarily impacted by the ongoing pandemic.

July 6
1 Min Read
Exiting the pandemic

Insights on how firms can prepare themselves and their clients for the world after COVID-19.

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