Industry News
Accounting
Top stories summarized by our editors
9/30/2020

Consumers who are considering using budget-tracking apps might wonder whether these programs are safe. Following certain steps, such as using unique passwords and avoiding use of these apps on public Wi-Fi, can help.

9/30/2020

Returning employees to the office requires careful planning and preparation. Here is some advice on how employers can navigate this complex endeavor, as well as a look at concerns employees are dealing with.

Full Story:
CFO, Fast Company online
9/30/2020

Companies have used various means to expand credit, conserve cash and reduce tax burdens to combat the devastation of the coronavirus pandemic. Here are some of the tactics large public companies have used.

9/30/2020

Recent legislation has imposed limits on how much interest expense a company can deduct for federal tax purposes. Here's a look at how states have responded to the change.

Full Story:
The Tax Adviser
9/30/2020

Several states are considering taxes on high earners to shore up finances amid the coronavirus pandemic. Proposals in states such as California, New York and Illinois call for raising taxes on this group in some fashion, according to the National Conference of State Legislatures.

Full Story:
CNBC
9/30/2020

CPA firms are deploying numerous strategies to keep their people happy at work and prevent departures that would be costly in terms of time and resources.

Full Story:
CPA Insider
9/30/2020

Companies might be able to improve innovation outcomes by making it easier to reverse decisions that aren't working out as expected.

9/30/2020

US GDP fell 31.4% in the second quarter, a slight difference from the previously estimated 31.7% drop, the Commerce Department has reported. Economists project an economic expansion of 30% in the current quarter in part because of business reopenings.

Full Story:
The Associated Press
9/29/2020

Practitioners are not required to provide an opinion on non-generally accepted accounting principle measures during a financial statement audit, but they can be engaged to perform additional procedures related to this information, according to a Center for Audit Quality report.

9/29/2020

Federal beneficiaries who have not received $500 stimulus payments for children have until Wednesday to submit information to the Internal Revenue Service's nonfilers tool. Individuals and families who have not been sent stimulus payments and who do not file tax returns because they have little or no income have until Oct. 15 to provide information.

Full Story:
CNBC