CPA Never under estimate the value
Advisers face the difficult task of helping clients plan for next year without knowing for certain which party will control the Senate.
Source: JOA News
Read More here – It’s a tough year for year-end tax planning
When it comes time to put on your year-end planning hat, will you be prepared to provide the best tax and financial planning advice to clients? Take this quiz to see if you’re ready to tackle year-end planning for 2020.
Source: JOA News
Read More here – Quiz: Are you ready for year-end planning during a pandemic?
The IRS announced that beginning Dec. 13 it will mask sensitive data on business tax transcripts, a step it took two years ago for individual tax transcripts.
Source: Tax News
Read More here – IRS will mask business tax transcript identifying information
The IRS announced that beginning Dec. 13 it will mask sensitive data on business tax transcripts, a step it took two years ago for individual tax transcripts.
Source: JOA News
Read More here – IRS will mask business tax transcript identifying information
The IRS said it would issue proposed regulations allowing S corporations and partnerships to deduct “specified income tax payments” paid to state and local governments above the line and not as passthrough items for partners and shareholders.
Source: Tax News
Read More here – Partnerships and S corps. can deduct state and local taxes
The IRS said it would issue proposed regulations allowing S corporations and partnerships to deduct “specified income tax payments” paid to state and local governments above the line and not as passthrough items for partners and shareholders.
Source: JOA News
Read More here – Partnerships and S corps. can deduct state and local taxes
The IRS issued rules for taxpayers to follow in applying recently issued bonus depreciation regulations, including how to make several elections.
Source: Tax News
Read More here – Taxpayers allowed choice of bonus depreciation rules
The IRS issued rules for taxpayers to follow in applying recently issued bonus depreciation regulations, including how to make several elections.
Source: JOA News
Read More here – Taxpayers allowed choice of bonus depreciation rules
Businesses and not-for-profits that received $2 million or more in PPP loans must complete one of two new loan necessity questionnaires the SBA is sending to lenders for distribution to borrowers.
Source: JOA News
Read More here – SBA to require PPP loan necessity form from large borrowers
The Federal Accounting Standards Advisory Board and the Accounting and Auditing Policy Committee issued a joint exposure draft related to lease accounting for federal entities.
Source: JOA News
Read More here – New lease accounting guidance proposed for federal entities
