President-elect Joe Biden says he will ask Congress to act swiftly to provide $1.9 trillion in immediate relief to help the economy recover from the coronavirus pandemic. The package includes aid to states and cities, additional unemployment benefits, larger direct payments to Americans and a minimum wage increase.

The coronavirus pandemic has shifted consumers' spending habits, causing them to prefer different rewards from credit cards. Some card issuers have taken steps to retain customers as the pandemic makes travel perks less appealing.

Procedural guidance from the Small Business Administration outlines processes Paycheck Protection Program borrowers and lenders must follow to reapply for a first-draw PPP loan or request an increase to a loan approved by Aug. 8, which is when the first iteration of the PPP stopped accepting applications.

New legislation makes it possible for some clients to take advantage of both Paycheck Protection Program loans and the Employee Retention Credit. Find out how you can guide them through this planning opportunity.

The Internal Revenue Service's Taxpayer Advocate Service is intended to help taxpayers who are suffering significant hardship from IRS action. Learn how this program works.

Communication without preparation, an agenda and pertinent details can cloud your message.

Companies want to keep their best talent as long as possible, but ineffective onboarding can make this difficult. Here are six suggestions to make onboarding as employee-friendly as possible.

Licensed CPAs can apply for individual .cpa domains beginning at 10 a.m. ET today, the AICPA has announced. Thousands of firms and approved organizations applied for the top-level domain during their application window, which was open from Sept. 1 until Thursday.

Federal Reserve Chair Jerome Powell has indicated the central bank has no intention of tightening monetary policy or paring bond buying anytime soon. Powell says this is not the time to think about ending central bank support for the economy, given that inflation and employment have been tracking below target.

Initial unemployment claims reached 965,000 last week, up 181,000 compared with the previous week and the highest tally since August, according to the Labor Department.

In observance of Martin Luther King Jr. Day in the US, CPA Letter Daily will not publish Monday. Publication will resume Tuesday.

Want to learn more about Paycheck Protection Program eligibility, calculations of revenue declines, how the first- and second-draw programs are structured, and more? Read the AICPA's summary.

The pandemic forced many auditors to go remote, which in turn triggered a host of questions as we approach the 2021 audit. The Remote Audit webcast on Jan. 20 at 1 p.m. ET provides the authoritative guidance and helpful insights you need to prepare yourself and your clients for what lies ahead.