CPA Never under estimate the value
As an entity moves through the bankruptcy process, it must meet certain criteria to qualify, upon emergence, for fresh-start reporting under FASB ASC Topic 852, Reorganizations.
Source: JOA News
Read More here – Emergence through fresh-start reporting
This article offers answers to questions from clients who are concerned about protecting their estate from tax changes that might happen in 2021.
Source: Tax News
Read More here – Answering clients’ estate planning questions this December
This article offers answers to questions from clients who are concerned about protecting their estate from tax changes that might happen in 2021.
Source: JOA News
Read More here – Answering clients’ estate planning questions this December
In a letter to Congress, dated Dec. 3, hundreds of national trade associations and their state and regional affiliates asked that legislation be enacted before the end of 2020 reversing the IRS’s position that amounts forgiven in loans under the PPP be nondeductible business expenses.
Source: Tax News
Read More here – AICPA and trade associations ask Congress to fix PPP loan deductibility
In a letter to Congress, dated Dec. 3, hundreds of national trade associations and their state and regional affiliates asked that legislation be enacted before the end of 2020 reversing the IRS’s position that amounts forgiven in loans under the PPP be nondeductible business expenses.
Source: JOA News
Read More here – AICPA and trade associations ask Congress to fix PPP loan deductibility
The economic fallout from the coronavirus pandemic is posing new challenges to state professional licensing statutes. CPAs have a role to play in advocating for responsible licensing regulation.
Source: JOA News
Read More here – Threats to licensing remain a concern for CPAs amid pandemic
Two experts look at the issue of the deductibility of expenses paid with PPP loan funds and conclude that they should be deductible.
Source: Tax News
Read More here – Expenses used for PPP loan forgiveness: Deductible or not?
Two experts look at the issue of the deductibility of expenses paid with PPP loan funds and conclude that they should be deductible.
Source: JOA News
Read More here – Expenses used for PPP loan forgiveness: Deductible or not?
New PCAOB requirements for communicating critical audit matters give practitioners an opportunity to provide additional transparency to financial statement users. A Center for Audit Quality study shows how auditors are delivering this information.
Source: JOA News
Read More here – Practitioners provide new transparency through critical audit matters
The IRS announced that it would begin allowing all individual taxpayers to opt in to receive an identity protection personal identification number (IP PIN), beginning in mid-January 2021.
Source: Tax News
Read More here – IP PINs to be available to all individuals in 2021
