Category Archives: Uncategorized

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House passes $1.9 trillion stimulus bill with a variety of small business relief

The $1.9 trillion economic relief bill passed by the House of Representatives includes $25 billion for restaurants as well as additional funding for EIDL advance payments and the PPP. The bill also includes $1,400 stimulus payments to individuals and extends unemployment insurance supplements.
Source: JOA News
Read More here – House passes .9 trillion stimulus bill with a variety of small business relief


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Tax provisions in the American Rescue Plan Act

The stimulus bill passed by the House contains many tax provisions, including a new round of economic stimulus payments, tax credits for COBRA continuation coverage, and expansions of the child tax credit, the earned income credit, and the child and dependent care credit.
Source: Tax News
Read More here – Tax provisions in the American Rescue Plan Act


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Tax provisions in the American Rescue Plan Act

The stimulus bill passed by the House contains many tax provisions, including a new round of economic stimulus payments, tax credits for COBRA continuation coverage, and expansions of the child tax credit, the earned income credit, and the child and dependent care credit.
Source: JOA News
Read More here – Tax provisions in the American Rescue Plan Act


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Automation to drive big shifts in corporate reporting

A smarter and more automated operating model for corporate reporting is on the horizon, according to results of a new EY survey.
Source: JOA News
Read More here – Automation to drive big shifts in corporate reporting


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New proposals would provide guidance on CPAs' NOCLAR duties

Complementary proposals by the AICPA Professional Ethics Executive Committee and the AICPA Auditing Standards Board would provide guidance for CPAs on their responsibilities related to noncompliance with laws and regulations.
Source: JOA News
Read More here – New proposals would provide guidance on CPAs' NOCLAR duties


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Alaska, Maine, and Oklahoma weigh CPA firm mobility bills

Alaska, Maine, and Oklahoma are the latest states to consider CPA firm mobility legislation, which allows CPA firms that meet certain licensing requirements to provide their services across state lines in order to serve clients without the need to obtain an additional license.
Source: JOA News
Read More here – Alaska, Maine, and Oklahoma weigh CPA firm mobility bills


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SEC places new focus on climate-related disclosures

The SEC’s Division of Corporation Finance will place greater focus on climate-related disclosures in public company filings after a directive issued by SEC Acting Chair Allison Herren Lee.
Source: JOA News
Read More here – SEC places new focus on climate-related disclosures


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AICPA seeks certainty on filing deadline and relief for 2020 tax year

The AICPA has written to Treasury and the IRS, calling for certainty about the April 15 tax filing and payment deadline and for underpayment and late-payment penalty relief during the COVID-19 pandemic.
Source: Tax News
Read More here – AICPA seeks certainty on filing deadline and relief for 2020 tax year


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AICPA seeks certainty on filing deadline and relief for 2020 tax year

The AICPA has written to Treasury and the IRS, calling for certainty about the April 15 tax filing and payment deadline and for underpayment and late-payment penalty relief during the COVID-19 pandemic.
Source: JOA News
Read More here – AICPA seeks certainty on filing deadline and relief for 2020 tax year


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Value of licensure reaffirmed by new research report

As the pandemic continues, and licensing issues keep getting prioritized on legislative agendas, the AICPA is monitoring occupational licensing bills to ensure they do not harm the profession and the public.
Source: JOA News
Read More here – Value of licensure reaffirmed by new research report