Accounting News

1. Accountants and the 'next normal'

   MACPA CEO Tom Hood shares insights on how firms can safely bring staff back to work amid the COVID-19 pandemic -- and how the profession is going to be changed forever after the coronavirus.

2. IRS previews changes in partnership forms for next year

   The proposed drafts aim to provide more clarity for partners on how to figure their U.S. income tax liability.

3. Extended, stressful tax season finally coming to an end

   The tax deadline is coming Wednesday after tax season was extended by three months to give taxpayers and preparers more time to deal with the novel coronavirus pandemic, but many of them will be dealing with extensions and amended returns in the months ahead.

4. Tech news: XCM adds categories to workflow software, and more

   Accounting Seed releases software upgrade, Chargebacks911 intros payment suite for banks and financial institutions.

5. Monitoring Group proposes changes to int'l auditing and ethics standard-setting

   IFAC, the IAASB and IESBA will remain involved in setting standards, but with changes in governance and composition.