CPA Never under estimate the value
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: JOA News
Read More here – IP PINs to be available to all individuals in 2021
Fraud risk in the financial statements has been elevated amid the coronavirus pandemic. Here’s what practitioners need to know as they audit the risks of fraud during their engagements.
Source: JOA News
Read More here – Auditing fraud risk during a pandemic
According to the 2020 Succession Planning Survey, more than half of multi-owner firms (55%) said they are currently experiencing succession challenges, up from 26% in 2016.
Source: JOA News
Read More here – Succession issues surge at accounting firms
Get some insights on how CPAs and finance professionals are using technology solutions to change their businesses in the era of COVID-19. A new report will guide a long-term, strategic approach to drive digital success, manage risk and streamline costs.
Source: JOA News
Read More here – New report highlights digital transformation during COVID-19 and beyond
An AICPA letter suggests that the need for certain borrowers to complete a new form and provide extensive documentation supporting their request for relief funds be reconsidered and that other approaches be evaluated in assessing a borrower’s good faith certification.
Source: JOA News
Read More here – AICPA urges SBA and OMB to reconsider PPP Loan Necessity Questionnaires
The coronavirus pandemic and other factors have resulted in shrinking valuations in the energy industry, according to experts at the AICPA/PDI Oil & Gas Online Conference.
Source: JOA News
Read More here – Low demand leads to shrinking energy industry valuations
Energy producers are focusing on balance sheet strength and free cash flow as they recover from a severe blow dealt by the coronavirus pandemic.
Source: JOA News
Read More here – Challenges, opportunities await energy sector after pandemic disruption
The IRS issued final regulations that define real property for like-kind exchange purposes and what qualifies as incidental personal property that will not disqualify an exchange.
Source: Tax News
Read More here – Like-kind exchange rules define real property, incidental personal property
The IRS issued final regulations that define real property for like-kind exchange purposes and what qualifies as incidental personal property that will not disqualify an exchange.
Source: JOA News
Read More here – Like-kind exchange rules define real property, incidental personal property
The IRS issued final rules on the Sec. 245A extraordinary disposition rule and the Sec. 951A disqualified basis and disqualified payment rules, as well as reporting requirements to facilitate the rules.
Source: Tax News
Read More here – Final rules coordinate Sec. 245A and Sec. 951A
