CPA Never under estimate the value
A smarter and more automated operating model for corporate reporting is on the horizon, according to results of a new EY survey.
Source: JOA News
Read More here – Automation to drive big shifts in corporate reporting
Complementary proposals by the AICPA Professional Ethics Executive Committee and the AICPA Auditing Standards Board would provide guidance for CPAs on their responsibilities related to noncompliance with laws and regulations.
Source: JOA News
Read More here – New proposals would provide guidance on CPAs' NOCLAR duties
Alaska, Maine, and Oklahoma are the latest states to consider CPA firm mobility legislation, which allows CPA firms that meet certain licensing requirements to provide their services across state lines in order to serve clients without the need to obtain an additional license.
Source: JOA News
Read More here – Alaska, Maine, and Oklahoma weigh CPA firm mobility bills
The SEC’s Division of Corporation Finance will place greater focus on climate-related disclosures in public company filings after a directive issued by SEC Acting Chair Allison Herren Lee.
Source: JOA News
Read More here – SEC places new focus on climate-related disclosures
The AICPA has written to Treasury and the IRS, calling for certainty about the April 15 tax filing and payment deadline and for underpayment and late-payment penalty relief during the COVID-19 pandemic.
Source: Tax News
Read More here – AICPA seeks certainty on filing deadline and relief for 2020 tax year
The AICPA has written to Treasury and the IRS, calling for certainty about the April 15 tax filing and payment deadline and for underpayment and late-payment penalty relief during the COVID-19 pandemic.
Source: JOA News
Read More here – AICPA seeks certainty on filing deadline and relief for 2020 tax year
As the pandemic continues, and licensing issues keep getting prioritized on legislative agendas, the AICPA is monitoring occupational licensing bills to ensure they do not harm the profession and the public.
Source: JOA News
Read More here – Value of licensure reaffirmed by new research report
The White House said it will allow only businesses with fewer than 20 employees to apply for PPP loans during a two-week period starting Wednesday. The administration also will change the PPP loan calculation formula to help sole proprietors, independent contractors and self-employed individuals receive more financial support.
Source: JOA News
Read More here – New PPP changes attempt to ease smallest businesses' access
Anti-fraud screenings by the SBA are delaying the processing of Paycheck Protection Program loan applications, sometimes for weeks, AICPA executives said during an online Town Hall.
Source: JOA News
Read More here – PPP processing delays continue
The IRS issued guidance on how employers can amend their health flexible spending arrangements and dependent care assistance programs to respond to the coronavirus pandemic.
Source: Tax News
Read More here – IRS provides cafeteria plan relief for the pandemic
