The new draft form, which has been extensively redesigned, is intended to simplify the calculation of income tax withholding after the changes made by the law known as the Tax Cuts and Jobs Act.
Source: Tax News
Read More here – IRS issues draft of revised Form W-4 for 2020
The new draft form, which has been extensively redesigned, is intended to simplify the calculation of income tax withholding after the changes made by the law known as the Tax Cuts and Jobs Act.
Source: JOA News
Read More here – IRS issues draft of revised Form W-4 for 2020
Wesley Bricker is leaving the SEC after serving as its chief accountant since 2016, the commission announced. Sagar Teotia, deputy chief accountant, will serve as acting chief accountant after Bricker departs in June.
Source: JOA News
Read More here – Chief accountant Wesley Bricker to leave SEC
A new breach affecting services used by CPA firms was confirmed when cloud services provider Cetrom said it suffered a malware attack that was discovered May 24.
Source: JOA News
Read More here – Firms lose cloud access after Cetrom systems breach
The new FASB standard allows not-for-profits to use alternatives on accounting for goodwill and accounting for identifiable intangible assets in a business combination.
Source: JOA News
Read More here – FASB extends GAAP alternatives to not-for-profits
The IRS issued its annual notice of the inflation-adjusted limits on contributions to health savings accounts. All of the limits increased from 2019 to 2020.
Source: Tax News
Read More here – 2020 limits on HSA contributions are issued
The IRS issued its annual notice of the inflation-adjusted limits on contributions to health savings accounts. All of the limits increased from 2019 to 2020.
Source: JOA News
Read More here – 2020 limits on HSA contributions are issued
Certified professional employer organizations (CPEOs) enter into contracts with employers to be treated as the employer for employment tax purposes and are subject to IRS rules in order to qualify as CPEOs and maintain that status.
Source: Tax News
Read More here – Rules for certified professional employer organizations finalized
GASB proposed guidance for state and local government accounting for subscription-based information technology arrangements.
Source: JOA News
Read More here – GASB proposes guidance for subscription-based IT arrangements
The IRS provided the limitations on depreciation deductions for passenger automobiles first placed in service in 2019 and the amounts of income inclusion for lessees of passenger automobiles first leased during 2019.
Source: Tax News
Read More here – 2019 inflation-adjusted vehicle depreciation limits and income inclusions issued
