Accounting News

1. SEC appoints acting chief accountant

   The Securities and Exchange Commission tapped deputy chief accountant Paul Munter to become acting chief accountant when chief accountant Sagar Teotia leaves in February.

2. Treasury plans efforts to deliver missing stimulus payments

   The Treasury Department said Friday it plans to launch an all-out effort to deliver Economic Impact Payments to people who haven’t yet received the two rounds of stimulus payments that they should have received last year or this month.

3. SBA releases streamlined PPP forgiveness forms

   The U.S. Small Business Administration released a one-page form aimed at simplifying the process of applying for forgiveness of Paycheck Protection Program loans, along with newly revised and updated forms to meet the requirements of the latest stimulus legislation.

4. People & firms on the move: Grassi appoints CMO

   Prager Metis names co-MP; Mauldin & Jenkins adds HR advisory services practice; and more CPA news.

5. IRS isn’t verifying millions in QBI deductions

   The Internal Revenue Service hasn’t been properly vetting millions of dollars in deductions that could be erroneous, according to the inspector general.