CPA Never under estimate the value
College and university accounting departments should update their curricula to meet the demands of practice, an AICPA-NASBA gap analysis survey found.
Source: JOA News
Read More here – Wanted: More systems and analytics training for accounting students
Investors shouldn’t base investing decisions on celebrity involvement in a special-purpose acquisition company, the SEC warned.
Source: JOA News
Read More here – Buyer beware: Celebrity-endorsed SPACs
The $1.9 trillion coronavirus relief bill that passed Congress contains many tax provisions, including changes to the child tax credit and many other credits, making certain unemployment benefits tax-free in 2020, and a $1,400 recovery rebate credit for many individuals.
Source: Tax News
Read More here – American Rescue Plan Act passes with many tax components
The bill contains numerous tax provisions, including a $1,400 rebate for individuals. It also extends federal unemployment benefits and provides funds for small businesses, COVID-19 vaccination and testing, K-12 schools and colleges and universities, and state and local governments.
Source: JOA News
Read More here – House gives final approval to .9 trillion pandemic aid bill
The $1.9 trillion coronavirus relief bill that passed Congress contains many tax provisions, including changes to the child tax credit and many other credits, making certain unemployment benefits tax-free in 2020, and a $1,400 recovery rebate credit for many individuals.
Source: JOA News
Read More here – American Rescue Plan Act passes with many tax components
The AICPA’s vice president for Firm Services, Lisa Simpson, CPA, CGMA, told a congressional committee during a hearing that Congress should push back the application deadline for the Paycheck Protection Program by at least 60 days.
Source: JOA News
Read More here – AICPA’s Simpson pushes for PPP deadline delay at congressional hearing
The AICPA Professional Ethics Executive Committee issued an amendment that clarifies the responsibilities of AICPA members responding to client requests for client-provided records. PEEC also limited firms’ ability to loan staff to attest clients.
Source: JOA News
Read More here – PEEC addresses ‘Records Requests,’ limits on loaning staff to attest clients
The AICPA sent a letter encouraging congressional leaders to push back the Paycheck Protection Program’s March 31 application deadline at least 60 days.
Source: JOA News
Read More here – AICPA takes case for PPP deadline delay to Congress
The SBA recently released fresh guidance for the Shuttered Venue Operators Grant (SVOG) program, but the agency still cannot say when the $15 billion program will start accepting applications.
Source: JOA News
Read More here – SBA issues guidance but no start date for Shuttered Venue Operators Grant program
Rule changes, deadline pressures, and ongoing processing problems with the Paycheck Protection Program are causing high levels of frustration and anxiety among many small businesses. This creates an opportunity for CPAs to provide calm guidance for stressed clients.
Source: JOA News
Read More here – CPAs urged to be voice of calm in PPP storm
