CPA Never under estimate the value
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: JOA News
Read More here – IRS provides cafeteria plan relief for the pandemic
John W. Cromwell Jr., the son of a former slave, overcame many obstacles in his life to earn his place in history as the nation’s first Black CPA in 1921. His story is an inspiration and lesson in tenacity for future generations of Black accountants.
Source: JOA News
Read More here – Black CPA Centennial celebrates first Black CPA
Industrial giants 3M, Arrow Electronics, and Caterpillar explain how they navigated disruptions.
Source: JOA News
Read More here – From the filings: Supply chain lessons from the pandemic
As interest grows in environmental, social and governance information, a new resource provides insights for auditors to assist their clients with ESG disclosures and assurance.
Source: JOA News
Read More here – A road map for ESG disclosures and assurance
The federal funding surge that accompanied the coronavirus pandemic has made single audits more challenging than ever. But now that the rules have been released, practitioners need to focus on delivering high-quality single audits in this difficult time.
Source: JOA News
Read More here – Single audits: Deliver high quality in a challenging time
The US Small Business Administration said that it is updating the Paycheck Protection Program’s processes and application platform to speed up the flow of funds to small businesses.
Source: JOA News
Read More here – SBA announces PPP process changes
Private companies and not-for-profits will have an option to perform goodwill impairment triggering event assessments at the reporting date (versus on the date of a triggering event as currently required), under an accounting alternative FASB voted to approve.
Source: JOA News
Read More here – FASB approves private company and NFP goodwill triggering event alternative
Founders of a fully virtual accounting firm share how accountants can succeed at working remotely now and after the pandemic is over.
Source: JOA News
Read More here – Virtual accounting: How to succeed remotely
The Senate voted to make room in the FY 2021 budget resolution for mobile workforce legislation. Details of the budget still must be negotiated, but the vote creates the possibility that mobile workforce legislation, which the AICPA strongly supports, will be enacted this year.
Source: Tax News
Read More here – Senate shows bipartisan support for mobile workforce tax legislation
The Senate voted to make room in the FY 2021 budget resolution for mobile workforce legislation. Details of the budget still must be negotiated, but the vote creates the possibility that mobile workforce legislation, which the AICPA strongly supports, will be enacted this year.
Source: JOA News
Read More here – Senate shows bipartisan support for mobile workforce tax legislation
