Category Archives: Uncategorized

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Corporate governance in COVID-19: Cybersecurity and technology considerations

The coronavirus pandemic has resulted in a realignment of company strategies to enable success during these disruptive times. Some of these decisions — such as the sudden shift to remote work due to stay-at-home orders — have created additional risk corporate boards must consider.
Source: JOA News
Read More here – Corporate governance in COVID-19: Cybersecurity and technology considerations


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AICPA urges passage of 'PPP 2' legislation

The AICPA issued a news release renewing the organization’s call for the swift passage of legislation to extend and expand the Paycheck Protection Program (PPP).
Source: JOA News
Read More here – AICPA urges passage of 'PPP 2' legislation


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Treasury report on CECL standard is inconclusive

The coronavirus pandemic and current market conditions prevent a definitive assessment of the impact of the FASB’s new standard on accounting for credit losses, according to a new report released by Treasury.
Source: JOA News
Read More here – Treasury report on CECL standard is inconclusive


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FASB alters not-for-profit accounting rules for gifts-in-kind

Not-for-profit financial statements will include more information on contributed nonfinancial assets, also known as gifts-in-kind, under a new standard issued by FASB.
Source: JOA News
Read More here – FASB alters not-for-profit accounting rules for gifts-in-kind


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E-filing problems plague some Sept. 15 tax returns

Some practitioners who attempted to file returns on Sept. 15 ran into technical difficulties that prevented them from e-filing returns by the midnight deadline. The AICPA is talking to the IRS about relief for the problem.
Source: Tax News
Read More here – E-filing problems plague some Sept. 15 tax returns


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E-filing problems plague some Sept. 15 tax returns

Some practitioners who attempted to file returns on Sept. 15 ran into technical difficulties that prevented them from e-filing returns by the midnight deadline. The AICPA is talking to the IRS about relief for the problem.
Source: JOA News
Read More here – E-filing problems plague some Sept. 15 tax returns


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Premium tax credit unaffected by zeroing of personal exemptions

The IRS makes clear in final regulations that the health care premium tax credit calculation is unaffected by the personal exemption decrease to zero.
Source: Tax News
Read More here – Premium tax credit unaffected by zeroing of personal exemptions


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Premium tax credit unaffected by zeroing of personal exemptions

The IRS makes clear in final regulations that the health care premium tax credit calculation is unaffected by the personal exemption decrease to zero.
Source: JOA News
Read More here – Premium tax credit unaffected by zeroing of personal exemptions


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Final regulations define ‘qualifying relative’

The IRS finalized proposed regulations defining “qualifying relative” for tax years 2018–2025, in which the personal exemption amount is zero.
Source: Tax News
Read More here – Final regulations define ‘qualifying relative’


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Final regulations define 'qualifying relative'

The IRS finalized proposed regulations defining “qualifying relative” for tax years 2018–2025, in which the personal exemption amount is zero.
Source: JOA News
Read More here – Final regulations define 'qualifying relative'