CPA Never under estimate the value
In response to the COVID-19 pandemic, the IRS is allowing employers to switch from the vehicle lease valuation method to the cents-per-mile method for determining the value of an employee’s personal use of a vehicle during the pandemic.
Source: Tax News
Read More here – Guidance permits change in vehicle use valuation during pandemic
In response to the COVID-19 pandemic, the IRS is allowing employers to switch from the vehicle lease valuation method to the cents-per-mile method for determining the value of an employee’s personal use of a vehicle during the pandemic.
Source: JOA News
Read More here – Guidance permits change in vehicle use valuation during pandemic
The IRS issued final regulations on Sec. 451 income inclusion rules and advance payments, as those rules were amended by the law known as the Tax Cuts and Jobs Act.
Source: Tax News
Read More here – Final rules govern income inclusion and advance payments
The IRS issued final regulations on Sec. 451 income inclusion rules and advance payments, as those rules were amended by the law known as the Tax Cuts and Jobs Act.
Source: JOA News
Read More here – Final rules govern income inclusion and advance payments
The potential for the deductibility of PPP-funded expenses raises some practice questions, and traps for the unwary lurk in the details.
Source: Tax News
Read More here – PPP expense deductibility and forgiveness raises basis, other issues
The potential for the deductibility of PPP-funded expenses raises some practice questions, and traps for the unwary lurk in the details.
Source: JOA News
Read More here – PPP expense deductibility and forgiveness raises basis, other issues
The IRS finalized regulations for simplified accounting rules for small businesses, which are defined as businesses with inflation adjusted average annual gross receipts of $25 million ($26 million for 2020 and 2021).
Source: Tax News
Read More here – Simplified accounting rules for small businesses allow annual election
The IRS finalized regulations for simplified accounting rules for small businesses, which are defined as businesses with inflation adjusted average annual gross receipts of $25 million ($26 million for 2020 and 2021).
Source: JOA News
Read More here – Simplified accounting rules for small businesses allow annual election
Amid challenging circumstances, the AICPA’s tax policy and advocacy efforts provided successful results that benefited the accounting profession and taxpayers in 2020.
Source: JOA News
Read More here – AICPA tax policy and advocacy recommendations deliver results in 2020
CPAs need to be especially watchful for fraud amid the severe financial pressures associated with the coronavirus pandemic.
Source: JOA News
Read More here – Financial fraud risks to watch for amid the pandemic
