A patient arrives outside Maimonides Medical Center, as the spread of the coronavirus disease (COVID-19) continues, in Brooklyn, New York, U.S., November 17, 2020. Brendan McDermid | Reuters The United States reported more than 195,500 new cases of the coronavirus on Friday, a record-high spike less than a week before Thanksgiving, which public health officials […]

The IRS posted an advance copy of final regulations that provide guidance on how an exempt organization subject to the unrelated business income tax (UBIT) determines if it has more than one unrelated trade or business (T.D. 9933). The regulations also discuss how an exempt organization calculates unrelated business taxable income (UBTI) if it has […]

An Electron rocket gets ready to launch. Rocket Lab Rocket Lab, the leading company building and launching small rockets, on Thursday took what CEO Peter Beck described as a “huge milestone” in its work to reuse rockets. The company recovered the booster of its Electron rocket after it splashed down in the Pacific Ocean. The […]

COVID-19 Coronavirus molecule, March 24, 2020. CDC | API | Gamma-Rapho via Getty Images A team of CRISPR scientists at the New York Genome Center, New York University and Icahn School of Medicine at Mount Sinai say they have identified the genes that can protect human cells against Covid-19, a disease that has infected over […]

When managing your business, navigating the financials and federal compliance can feel inundating without proper knowledge or training. When considering partnership with an outsourced financial professional, are you having a hard time distinguishing a CPA from an accountant? Are you wondering, “what can a CPA do that an accountant can’t?” In the content below, we […]

In guidance issued late on Wednesday, the IRS reiterated its position that taxpayers cannot claim a deduction for any otherwise deductible expense if the payment of the expense results in forgiveness of a Paycheck Protection Program (PPP) loan because the income associated with the forgiveness is excluded from gross income under the Coronavirus Aid, Relief, […]

As he prepares to leave office at the end of the year, Securities and Exchange Commission Chairman Jay Clayton said one of his biggest achievements has been leveling the playing field for smaller investors. An example, he said, has been the commission’s efforts to make sure the retail crowd has had equal access to private […]

As the coronavirus crisis forces schools to operate remotely, a growing number of would-be college students are opting out entirely.    Such a move can have a big impact on future earnings. Overall, undergraduate enrollment fell 4% this year, according to data from National Student Clearinghouse Research Center, with incoming freshmen accounting for the biggest drop, sinking […]

Medical staff examine a patient suffering from coronavirus in the COVID-19 intensive care unit (ICU) at United Memorial Medical Center on November 16, 2020 in Houston, Texas. Go Nakamura | Getty Images Health-care workers in the United States could get the first doses of a coronavirus vaccine in about a month. Pfizer announced Wednesday that […]

The U.S. Capitol dome is reflected on an ambulance at sunset in Washington, November 10, 2020. Erin Scott | Reuters Congress appeared nowhere close to passing another coronavirus relief bill Tuesday as infections surge across the country and new public health restrictions threaten businesses and jobs. Lawmakers have not passed new aid in months during […]