Author Archives: admin

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PEEC delays interpretation, adopts temporary policy statement

Category:Uncategorized

The effective date of the “Information Systems Services” interpretation has been further delayed by the AICPA Professional Ethics Executive Committee, which also issued a temporary policy statement related to employment statutes that may conflict with independence interpretations.
Source: JOA News
Read More here – PEEC delays interpretation, adopts temporary policy statement


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Senate Finance Committee releases tax provisions of Build Back Better Act

Category:Uncategorized

The Senate Finance Committee’s text includes changes from the House’s version of the bill, including a removal of the House’s increase in the SALT deduction cap.
Source: Tax News
Read More here – Senate Finance Committee releases tax provisions of Build Back Better Act


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Senate Finance Committee releases tax provisions of Build Back Better Act

Category:Uncategorized

The Senate Finance Committee’s text includes changes from the House’s version of the bill, including a removal of the House’s increase in the SALT deduction cap.
Source: JOA News
Read More here – Senate Finance Committee releases tax provisions of Build Back Better Act


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Attributes of top-performing firms revealed

Category:Uncategorized

MAP survey finds big differences in revenue, profit, and owner compensation.
Source: JOA News
Read More here – Attributes of top-performing firms revealed


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Audit tips for a pandemic-changed environment

Category:Uncategorized

Auditors have a lot to think about as clients experience supply chain disruptions, staff shortages, and new processes and procedures. Here’s what firms need to focus on in this challenging environment.
Source: JOA News
Read More here – Audit tips for a pandemic-changed environment


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FASB working to balance desires of investors and preparers

Category:Uncategorized

Investors want more disaggregated information. Financial statement preparers are concerned about the costs of preparing that information. FASB Chair Richard Jones is seeking to balance those priorities.
Source: JOA News
Read More here – FASB working to balance desires of investors and preparers


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Tips for avoiding trouble with non-GAAP reporting

Category:Uncategorized

Non-GAAP measures in public company reporting continue to be scrutinized carefully by SEC staff, according to information presented at the AICPA & CIMA Conference on Current SEC and PCAOB Developments.
Source: JOA News
Read More here – Tips for avoiding trouble with non-GAAP reporting


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Early sunset of the employee retention credit gets penalty relief

Category:Uncategorized

The IRS describes how employers may avoid failure-to-pay and failure-to-deposit penalties for ERC claimed or anticipated in the fourth quarter but eliminated by the Infrastructure Act.
Source: Tax News
Read More here – Early sunset of the employee retention credit gets penalty relief


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Early sunset of the employee retention credit gets penalty relief

Category:Uncategorized

The IRS describes how employers may avoid failure-to-pay and failure-to-deposit penalties for ERC claimed or anticipated in the fourth quarter but eliminated by the Infrastructure Act.
Source: JOA News
Read More here – Early sunset of the employee retention credit gets penalty relief


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AICPA tax advocacy gets results in 2021

Category:Uncategorized

The AICPA Tax Policy and Advocacy group worked with the AICPA Congressional Affairs group to represent the interests of practitioners and the public.
Source: Tax News
Read More here – AICPA tax advocacy gets results in 2021