The $2.2 trillion package passed by the Senate includes a provision that would allow banks the temporary option to postpone compliance with the credit losses standard.
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March 27, 2020
Upcoming Events March 27, 2020
Daily Briefing
Senate coronavirus relief package includes CECL delay
By Michael Cohn      6 min read
The $2.2 trillion package passed by the Senate includes a provision that would allow banks the temporary option to postpone compliance with the credit losses standard.
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Complete coverage of the coronavirus impact
Accounting Today has launched a comprehensive feed of our coronavirus coverage, with analysis of its impact and how the profession is responding.
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Senate approves $2.2T coronavirus rescue package with tax breaks
By Michael Cohn      8 min read
The Senate voted 96-0 late Wednesday to approve a sweeping $2.2 trillion stimulus package to help the nation emerge from the coronavirus pandemic.
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Intruder alert: What tax pros say to those who interrupt work
By Jeff Stimpson      4 min read
Practitioners share ways to respond to clients who think the postponed deadline means they’re not busy.
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GASB may postpone some standards and implementation guidance due to coronavirus
By Michael Cohn      1 min read
The Governmental Accounting Standards Board is considering delaying the effective dates of its standards and implementation guides because of the novel coronavirus pandemic.
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Top trends in auditing
Between new regulations, advanced software, and client demands, the audit is being reshaped as never before.
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AccountingSuite and Tax1099 integrate to make e-filing easier for contractors
By Ranica Arrowsmith      2 min read
The deadline for 1099-MISC filing for non-Box 7 amounts is March 31.
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Tax Fraud Blotter: Financial wrecks
By Jeff Stimpson      6 min read
Quite an education; food for thought; Motion denied; and other highlights of recent tax cases.
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NASBA, AICPA and Prometric announce emergency testing period
By Sean McCabe      1 min read
The 2020 Q2 CPA Exam testing window will now be extended from June 10 to June 30, 2020.
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Leadership: The hardest soft skill CPAs need today
By Jody Padar      4 min read
How to deal with the emotional ramifications of coronavirus.
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Virus tax breaks could boost Walmart, vodka distillers, students
By Laura Davison      4 min read
Large retailers like Walmart Inc. and Target Corp., as well as student loan borrowers, are on a long list of potential winners from tax breaks included in a $2 trillion coronavirus relief bill approved by the Senate.
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Trump’s April 6 deadline for virus stimulus checks could be hard to meet
By Laura Davison and Allyson Versprille      5 min read
The payments are one of the central provisions of the $2 trillion stimulus package awaiting a Senate vote.
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