CPA Never under estimate the value
The demand for environmental, social, and governance reporting is increasing. CPAs have a critical role in meeting that demand, and companies can take action now to enable enhanced ESG reporting.
Source: JOA News
Read More here – 5 steps for reliable ESG reporting amid growing demand
The IRS issued guidance providing a safe harbor under which eligible educators who have unreimbursed expenses for personal protective equipment, disinfectant, and other supplies used to prevent the spread of COVID-19 in the classroom can deduct those expenses as educator expenses.
Source: Tax News
Read More here – Eligible educators may deduct personal protective equipment expenses
The IRS issued guidance providing a safe harbor under which eligible educators who have unreimbursed expenses for personal protective equipment, disinfectant, and other supplies used to prevent the spread of COVID-19 in the classroom can deduct those expenses as educator expenses.
Source: JOA News
Read More here – Eligible educators may deduct personal protective equipment expenses
With new quality management standards, standard setters are providing opportunities for audit firms to drive continuous improvement in their engagements.
Source: JOA News
Read More here – New standards continue drive toward better audits
The AICPA Auditing Standards Board proposed a new approach to quality management that will include scalable, risk-based assessments that can be tailored to the circumstances of an individual firm.
Source: JOA News
Read More here – New approach to quality management proposed by ASB
The AICPA sent a letter urging the US Small Business Administration to address problems small businesses are encountering when trying to apply for Paycheck Protection Program forgivable loans.
Source: JOA News
Read More here – AICPA raises PPP concerns with SBA
Nearly three-quarters (73%) of US adults living with a spouse or partner said financial decisions have caused tension in their relationship, an AICPA survey found.
Source: JOA News
Read More here – Why it’s romantic to talk about money
The IRS issued guidance requiring lenders who mistakenly sent Forms 1099-MISC reporting loan payments that are permitted to be excluded from the taxpayer’s gross income under the Consolidated Appropriations Act, 2021, to send corrected forms.
Source: Tax News
Read More here – IRS requires corrected information returns for certain SBA loans
The IRS issued guidance requiring lenders who mistakenly sent Forms 1099-MISC reporting loan payments that are permitted to be excluded from the taxpayer’s gross income under the Consolidated Appropriations Act, 2021, to send corrected forms.
Source: JOA News
Read More here – IRS requires corrected information returns for certain SBA loans
Accounting firms are juggling competing client demands thanks to tax season coinciding with the reopening of the Paycheck Protection Program. How can firms keep from dropping the ball? It starts with taking the time to do the job right.
Source: JOA News
Read More here – PPP advice for firms: Preach patience to clients
