The Internal Revenue Service is bringing in more help to deal with the flood of calls about economic impact payments. | | | Pandemic strategies for firm leaders | | Join Accounting Today for a roundtable webinar with Gary Boomer, Allan Koltin and Gary Shamis discussing how accounting firms can survive — and even thrive — in the COVID-19 environment. | |
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| SBA and Treasury roll out PPP loan forgiveness application → | | By Michael Cohn 4 min read | | The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application. | |
| Congress should leave accounting standards to FASB → | | By Brian White, Shana Clor-Proell 3 min read | | Members of the American Accounting Association's Financial Reporting Policy Committee denounce provisions in the CARES Act they see as threatening FASB’s independence and setting a dangerous precedent with serious potential to undermine confidence in corporate financial reporting. | |
| Protecting businesses from fraud → | | By Daniel Hood | | Grant Thornton CEO Brad Preber and principal Linda Miller, who leads the firm's fraud and financial crimes practice, offer strategies to help businesses protect themselves from fraud amid the pandemic environment. | |
| BKD acquires CampbellWilson → | | By Michael Cohn 2 min read | | The Top 20 Firm is adding a Dallas-based consulting firm that focuses on the health care industry. | |
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