Monthly Archives: July 2020

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Guidance on recapture of excess employment tax credits

The IRS issued temporary and proposed regulations on how it will recapture excess credits taken by employers under recent coronavirus relief legislation.
Source: Tax News
Read More here – Guidance on recapture of excess employment tax credits


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Guidance on recapture of excess employment tax credits

The IRS issued temporary and proposed regulations on how it will recapture excess credits taken by employers under recent coronavirus relief legislation.
Source: JOA News
Read More here – Guidance on recapture of excess employment tax credits


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CPA licensure model transformation continues after NASBA board vote

The transformation of the CPA licensure model will continue after the National Association of State Boards of Accountancy’s board of directors voted unanimously on efforts to design and implement a new approach to CPA licensure.
Source: JOA News
Read More here – CPA licensure model transformation continues after NASBA board vote


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Why Zoom meetings really do leave you exhausted

Videoconferencing fatigue is just one of several types of technostress that have been plaguing workers since personal computers hit it big. The problem has grown worse due to the COVID-19 lockdowns, but Marc Staut of Boomer Consulting offers some remedies.
Source: JOA News
Read More here – Why Zoom meetings really do leave you exhausted


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PPP forgiveness: No need to rush, and other tips

Borrowers and their CPA advisers may be eager to move ahead with the Paycheck Protection Program forgiveness process, but there are still many unsettled issues to consider.
Source: JOA News
Read More here – PPP forgiveness: No need to rush, and other tips


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What women need to rise in the accounting profession

Women are more likely to succeed if they have role models, are able to find sponsors, and receive opportunities for training and high-profile assignments. Panelists at ENGAGE 2020 also discussed how barriers to advancement are intensified for women of color.
Source: JOA News
Read More here – What women need to rise in the accounting profession


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Provider Relief Funds included in audit determination, HHS says

Nonfederal entities and for-profit entities are required to include Provider Relief Fund payments in the reported total annual federal fund expenditures that determine whether they meet the $750,000 threshold that triggers audit requirements, the US Department of Health and Human Services announced.
Source: JOA News
Read More here – Provider Relief Funds included in audit determination, HHS says


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Underemployment spurs record drop in financial satisfaction

The AICPA’s Personal Financial Satisfaction Index saw a record drop of 55% over last quarter. A 244% rise in underemployment was the factor most responsible for the decline, followed by drops in the CPA Outlook Index and job openings.
Source: JOA News
Read More here – Underemployment spurs record drop in financial satisfaction


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Answers to 4 common accounting and auditing questions

New FASB rules have led to a host of new accounting and auditing questions for financial statement preparers and auditors. Some of the most frequently asked questions were answered at the AICPA’s ENGAGE 2020 virtual conference.
Source: JOA News
Read More here – Answers to 4 common accounting and auditing questions


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How CPA financial planners can succeed with alternative fee models

Financial planners who use hourly billing, subscription fees and other alternatives to the AUM billing model shared their experiences at the ENGAGE conference.
Source: JOA News
Read More here – How CPA financial planners can succeed with alternative fee models