Monthly Archives: September 2019

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Final regs. loosen 401(k) hardship distribution requirements

The IRS issued final regulations governing hardship distributions from Sec. 401(k) plans, eliminating the requirements that participants obtain a loan from the plan if available and that suspend participants’ ability to make contributions to the plans for six months after taking a hardship distribution.
Source: Tax News
Read More here – Final regs. loosen 401(k) hardship distribution requirements


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Final regs. loosen 401(k) hardship distribution requirements

The IRS issued final regulations governing hardship distributions from Sec. 401(k) plans, eliminating the requirements that participants obtain a loan from the plan if available and that suspend participants’ ability to make contributions to the plans for six months after taking a hardship distribution.
Source: JOA News
Read More here – Final regs. loosen 401(k) hardship distribution requirements


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Hidden in plain sight: Accounting for embedded leases

Locating and reporting on lease arrangements hidden in contracts that are not labeled as leases can be a challenge under FASB’s new rules.
Source: JOA News
Read More here – Hidden in plain sight: Accounting for embedded leases


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Auditors get high marks, but non-US market optimism sags

Retail investors’ confidence in audited financial information has risen to near record highs, but confidence in markets outside the United States has plunged.
Source: JOA News
Read More here – Auditors get high marks, but non-US market optimism sags


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5 tips for effective not-for-profit board oversight

These tips can help boards perform their duties of care, loyalty, and obedience to help not-for-profits thrive.
Source: JOA News
Read More here – 5 tips for effective not-for-profit board oversight


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Regulations clarify bonus depreciation treatment

The IRS issued final regulations and new proposed regulations on the 100% bonus depreciation deduction that was amended by the law known as the Tax Cuts and Jobs Act.
Source: Tax News
Read More here – Regulations clarify bonus depreciation treatment


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Regulations clarify bonus depreciation treatment

The IRS issued final regulations and new proposed regulations on the 100% bonus depreciation deduction that was amended by the law known as the Tax Cuts and Jobs Act.
Source: JOA News
Read More here – Regulations clarify bonus depreciation treatment


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7 tips for adopting integrated reporting

As more companies latch on to the importance of long-term value creation, the International Integrated Reporting Council is offering them advice for producing integrated reports.
Source: JOA News
Read More here – 7 tips for adopting integrated reporting


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Corporations have short period to apply for IRS CAP program

The IRS announced that it is opening its Compliance Assurance Process (CAP) program to new applicants for the first time in years, but applications must be made between Sept. 16 and Oct. 31.
Source: Tax News
Read More here – Corporations have short period to apply for IRS CAP program


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FASB makes a second effort to improve balance sheet debt classification

FASB issued a reproposal that is designed to improve guidance used to determine whether debt should be classified as a current or noncurrent liability on a classified balance sheet.
Source: JOA News
Read More here – FASB makes a second effort to improve balance sheet debt classification