Category Archives: Uncategorized

  • 0

IRS grants broad coronavirus-related tax relief

The IRS granted relief for a broad array of tax filing and payment deadlines that fall between April 1 and July 15, expanding on previous relief, as requested by the AICPA.
Source: Tax News
Read More here – IRS grants broad coronavirus-related tax relief


  • 0

IRS grants broad coronavirus-related tax relief

The IRS granted relief for a broad array of tax filing and payment deadlines that fall between April 1 and July 15, expanding on previous relief, as requested by the AICPA.
Source: JOA News
Read More here – IRS grants broad coronavirus-related tax relief


  • 0

5 steps for advising clients during COVID-19 crisis

With the COVID-19 pandemic causing unprecedented economic turmoil, small businesses need financial guidance and expertise more than ever before. CPAs and firms can provide that assistance by following a five-step process.
Source: JOA News
Read More here – 5 steps for advising clients during COVID-19 crisis


  • 0

Partnerships can file amended returns to get CARES Act benefits

To allow those partnerships to take advantage of the beneficial tax provisions in the Coronavirus Aid, Relief, and Economic Security Act, the IRS is allowing partnerships to file amended returns for 2018 or 2019.
Source: Tax News
Read More here – Partnerships can file amended returns to get CARES Act benefits


  • 0

Partnerships can file amended returns to get CARES Act benefits

To allow those partnerships to take advantage of the beneficial tax provisions in the Coronavirus Aid, Relief, and Economic Security Act, the IRS is allowing partnerships to file amended returns for 2018 or 2019.
Source: JOA News
Read More here – Partnerships can file amended returns to get CARES Act benefits


  • 0

SEC updates staff guidance on shareholder meetings

Responding to travel, mailing and other issues caused by the COVID-19 pandemic, the SEC has published updated staff guidance on shareholder meetings for companies and other issuers of public stock.
Source: JOA News
Read More here – SEC updates staff guidance on shareholder meetings


  • 0

FASB staff clarifies lease modifications, other pandemic accounting issues

Accounting challenges related to the coronavirus pandemic have resulted in numerous questions for FASB from financial statement preparers and practitioners. Shayne Kuhaneck, FASB’s acting technical director, answered some of these questions during the board’s meeting.
Source: JOA News
Read More here – FASB staff clarifies lease modifications, other pandemic accounting issues


  • 0

FASB effective date delay proposals to include private company lease accounting

The delays would apply to the effective date of its revenue recognition standard for nonpublic franchisors and the effective dates of its lease accounting standard for private companies and public and private not-for-profits.
Source: JOA News
Read More here – FASB effective date delay proposals to include private company lease accounting


  • 0

AICPA issues audit and accounting guidance FAQs on COVID-19

The AICPA has published a new report providing nonauthoritative guidance on frequently asked accounting and auditing questions related to the coronavirus pandemic.
Source: JOA News
Read More here – AICPA issues audit and accounting guidance FAQs on COVID-19


  • 0

ASB completes alignment of GAAS with new auditor reporting standards

With the release of Statement on Auditing Standards No. 140, the AICPA Auditing Standards Board has completed its yearlong effort to conform generally accepted auditing standards with the provisions of its new auditor reporting standards.
Source: JOA News
Read More here – ASB completes alignment of GAAS with new auditor reporting standards