CPA Never under estimate the value
FASB issued a standard that provides a delayed effective date to its long-duration insurance standard for companies adversely affected by the pandemic. The standard also eases requirements for early adopters.
Source: JOA News
Read More here – FASB provides implementation relief for insurance companies
A proposed standard issued by the AICPA Auditing Standards Board would give practitioners more guidance on auditing management’s estimates of fair value, including on the use of pricing services.
Source: JOA News
Read More here – ASB proposal addresses auditing of fair value estimates of financial instruments
Most plan to keep their current real estate, but they are reimagining what that space could look like.
Source: JOA News
Read More here – Companies rethink the office, but they’re not ready to say goodbye
A new standard and the disruption caused by the coronavirus pandemic make auditing revenue recognition difficult. These tips can help.
Source: JOA News
Read More here – 9 tips for successful auditing of revenue recognition
The IRS said it was revising its procedures to help taxpayers who cannot pay their taxes because of the pandemic. The new program is called the Taxpayer Relief Initiative.
Source: Tax News
Read More here – IRS announces help with tax debt
The IRS said it was revising its procedures to help taxpayers who cannot pay their taxes because of the pandemic. The new program is called the Taxpayer Relief Initiative.
Source: JOA News
Read More here – IRS announces help with tax debt
The Federal Reserve board announced that it lowered the minimum loan size for three of its Main Street Lending Program facilities in an effort to make the program available to more and smaller businesses.
Source: JOA News
Read More here – Fed opens up Main Street loans to smaller businesses
The IRS issued guidance to employers and employees on reporting deferred Social Security tax on Form W-2, Wage and Tax Statement, under the Aug. 8 Presidential Memorandum authorizing the deferral.
Source: Tax News
Read More here – Guidance on deferred employee payroll tax issued
The IRS issued guidance to employers and employees on reporting deferred Social Security tax on Form W-2, Wage and Tax Statement, under the Aug. 8 Presidential Memorandum authorizing the deferral.
Source: JOA News
Read More here – Guidance on deferred employee payroll tax issued
FASB published a new standard that describes a series of incremental changes to accounting rules that are designed to improve its codification.
Source: JOA News
Read More here – FASB issues minor codification changes
