The National Association of State Boards of Accountancy has proposed a set of revisions to the Uniform Accountancy Act Model Rules for CPAs. | IRS proposes new rules for retirement and annuity payments | | By Michael Cohn 2 min read | | The Internal Revenue Service and the Treasury Department issued proposed regulations Wednesday to update the income tax withholding rules for periodic retirement and annuity payments made after Dec. 31, 2020. | |
| The focus shifts to PPP forgiveness | | By Roger Russell 5 min read | | The release of the SBA's loan forgiveness application highlights the questions that remain around the Paycheck Protection Program. | |
| O.J., accounting fraud, Icahn: The story of Hertz going bust | | By David Welch 7 min read | | The short version of Hertz Global Holdings Inc.’s bankruptcy story goes something like this: Global pandemic obliterates the travel business and lands an iconic 102-year-old company in court to seek protection from creditors. | |
| House votes to extend popular small business loan program | | By Erik Wasson and Mark Niquette 4 min read | | The House voted Thursday to give small businesses financially strapped by the COVID-19 crisis more flexibility to spend forgivable loans for payrolls and expenses from the government’s popular Paycheck Protection Program. | |
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