Monthly Archives: March 2020

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Applications for small business Paycheck Protection Program open April 3

Small businesses and sole proprietorships hoping to secure a loan through the federal Paycheck Protection Program can begin applying Friday, April 3.
Source: JOA News
Read More here – Applications for small business Paycheck Protection Program open April 3


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CPA Exam moves to 'continuous testing' model

The National Association of State Boards of Accountancy announced a new model that will enhance candidates’ options for taking the CPA Exam beginning July 1.
Source: JOA News
Read More here – CPA Exam moves to 'continuous testing' model


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Recovery rebate payments to be issued within 3 weeks

The IRS has issued guidance on these payments, which it calls “economic impact payments,” and says they generally will be direct-deposited to most qualifying taxpayers’ bank accounts in the next three weeks without taxpayers having to do anything.
Source: Tax News
Read More here – Recovery rebate payments to be issued within 3 weeks


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Recovery rebate payments to be issued within 3 weeks

The IRS has issued guidance on these payments, which it calls “economic impact payments,” and says they generally will be direct-deposited to most qualifying taxpayers’ bank accounts in the next three weeks without taxpayers having to do anything.
Source: JOA News
Read More here – Recovery rebate payments to be issued within 3 weeks


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Coronavirus fraud reporting resources

Have you seen potential scams or fraud related to the COVID-19 pandemic? Here’s how to report possible crimes.
Source: JOA News
Read More here – Coronavirus fraud reporting resources


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Gift and GST returns added to postponed tax and filing deadlines

The IRS postponed the payment and return filing requirements for gift and generation-skipping transfer taxes due April 15 to July 15, matching prior postponements granted to federal income taxes and returns.
Source: Tax News
Read More here – Gift and GST returns added to postponed tax and filing deadlines


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Gift and GST returns added to postponed tax and filing deadlines

The IRS postponed the payment and return filing requirements for gift and generation-skipping transfer taxes due April 15 to July 15, matching prior postponements granted to federal income taxes and returns.
Source: JOA News
Read More here – Gift and GST returns added to postponed tax and filing deadlines


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Coronavirus paid sick leave and family leave guidance issued

The IRS issues rules to implement paid sick and child care leave credits enacted in response to the pandemic.
Source: Tax News
Read More here – Coronavirus paid sick leave and family leave guidance issued


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Coronavirus paid sick leave and family leave guidance issued

The IRS issues rules to implement paid sick and child care leave credits enacted in response to the pandemic.
Source: JOA News
Read More here – Coronavirus paid sick leave and family leave guidance issued


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Optional delay provided in regulatory capital transition to credit losses standard

Three federal bank regulatory agencies issued an interim final rule providing an optional extension of the regulatory capital transition for FASB’s new credit losses standard.
Source: JOA News
Read More here – Optional delay provided in regulatory capital transition to credit losses standard