Author Archives: admin

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How climate risks are reflected in current financial statements

Category:Uncategorized

The Center for Audit Quality has published a resource that describes management and auditors’ responsibilities related to climate-related risk reporting.
Source: JOA News
Read More here – How climate risks are reflected in current financial statements


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Ways and Means releases list of tax provisions for budget bill

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The proposal would raise tax rates for corporations and individuals and make many other changes to the Internal Revenue Code.
Source: Tax News
Read More here – Ways and Means releases list of tax provisions for budget bill


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Ways and Means releases list of tax provisions for budget bill

Category:Uncategorized

The proposal would raise tax rates for corporations and individuals and make many other changes to the Internal Revenue Code.
Source: JOA News
Read More here – Ways and Means releases list of tax provisions for budget bill


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SBA quadruples COVID-19 EIDL limit to $2 million

Category:Uncategorized

The SBA unveiled a menu of COVID-19 EIDL program modifications designed to make it easier for restaurants and other businesses particularly hard hit by the pandemic to take out EIDL loans.
Source: JOA News
Read More here – SBA quadruples COVID-19 EIDL limit to million


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Lease accounting: Private companies on the clock after delay

Category:Uncategorized

Following a pandemic-related delay, the new standard takes effect for entities within the “all other entities” category for fiscal years starting after Dec. 15, 2021, and for interim periods within fiscal years beginning after Dec. 15, 2022.
Source: JOA News
Read More here – Lease accounting: Private companies on the clock after delay


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Guidance issued on 2021 qualified sick and family leave wage reporting

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Information reporting on Form W-2 or a separate statement allows self-employed taxpayers to claim qualified sick leave and qualified family leave equivalent credits.
Source: Tax News
Read More here – Guidance issued on 2021 qualified sick and family leave wage reporting


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Guidance issued on 2021 qualified sick and family leave wage reporting

Category:Uncategorized

Information reporting on Form W-2 or a separate statement allows self-employed taxpayers to claim qualified sick leave and qualified family leave equivalent credits.
Source: JOA News
Read More here – Guidance issued on 2021 qualified sick and family leave wage reporting


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IRS updates business travel per-diem rates

Category:Uncategorized

The allowances for determining deductions for lodging, meals, and incidental costs are slightly higher than before.
Source: Tax News
Read More here – IRS updates business travel per-diem rates


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IRS updates business travel per-diem rates

Category:Uncategorized

The allowances for determining deductions for lodging, meals, and incidental costs are slightly higher than before.
Source: JOA News
Read More here – IRS updates business travel per-diem rates


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EBP audits set for major changes, more transparency

Category:Uncategorized

Employee benefit plan audit procedures and reporting will undergo a significant shift as SAS No. 136, as amended, is implemented.
Source: JOA News
Read More here – EBP audits set for major changes, more transparency