CPA Never under estimate the value
Tom Hood, the longtime CEO of the Maryland Association of CPAs (MACPA), has joined the leadership team of the Association of International Certified Professional Accountants as executive vice president of business growth and engagement.
Source: JOA News
Read More here – Maryland’s Tom Hood joins the Association of International Certified Professional Accountants
New guidance from the US Small Business Administration does not specify a starting date for the new Shuttered Venue Operators Grant program but does recommend actions potential applicants should be taking now while the SBA builds the application platform for the $15 billion COVID-19 relief initiative.
Source: JOA News
Read More here – SBA issues FAQs for Shuttered Venue Operators Grants
The IRS warned taxpayers that identity thieves are fraudulently claiming state unemployment benefits using stolen taxpayer identities. Here is what taxpayers should do if they receive a Form 1099-G reporting state unemployment benefits they did not receive.
Source: Tax News
Read More here – Beware of identity theft scam involving unemployment benefits
The IRS warned taxpayers that identity thieves are fraudulently claiming state unemployment benefits using stolen taxpayer identities. Here is what taxpayers should do if they receive a Form 1099-G reporting state unemployment benefits they did not receive.
Source: JOA News
Read More here – Beware of identity theft scam involving unemployment benefits
FASB issued a standard that simplifies revenue recognition for pre-opening activities for private company franchisors.
Source: JOA News
Read More here – FASB simplifies revenue recognition for private company franchisors
The IRS issued guidance on two aspects of the employee retention credit — how to claim the credit when filing the fourth quarter Form 941 when the taxpayer knows its loan under the PPP will not be forgiven and how the newly extended and amended employee retention credit will apply.
Source: Tax News
Read More here – Employee retention credit changes leave practitioners with questions
The IRS issued guidance on two aspects of the employee retention credit — how to claim the credit when filing the fourth quarter Form 941 when the taxpayer knows its loan under the PPP will not be forgiven and how the newly extended and amended employee retention credit will apply.
Source: JOA News
Read More here – Employee retention credit changes leave practitioners with questions
Amid a pandemic-related surge in online shopping, identity theft poses a more significant risk to consumers. Nearly 1 in 5 Americans experienced identity theft attempts, according to a new AICPA survey.
Source: JOA News
Read More here – Identity theft a risk to consumers as online purchases increase
Remote auditing, new risks, going concern issues and changes in internal controls give not-for-profit auditors a long list of challenges to meet as a result of the pandemic. Here’s what practitioners should keep in mind.
Source: JOA News
Read More here – Not-for-profit auditors face new challenges amid pandemic
The SBA said that it is taking steps to improve the agency’s first-draw Paycheck Protection Program loan review process so that small businesses seeking a second-draw loan have as much time as possible to access those funds.
Source: JOA News
Read More here – SBA announces steps to improve PPP review process
