CPA Never under estimate the value
With the Oct. 15 corporate tax filing deadline looming and the global pandemic still affecting taxpayers and practitioners, several states have provided one-month filing relief for their corporate Oct. 15 deadlines.
Source: JOA News
Read More here – Several states provide one-month filing relief for corporate deadlines
Disclosures around oversight of cybersecurity risk by audit committees are increasing in public company proxy statements, according to a yearly analysis released by the Center for Audit Quality and Audit Analytics. But other disclosures have leveled off in recent years.
Source: JOA News
Read More here – Audit committee cybersecurity disclosures rising in proxy statements
PPP borrowers of $50,000 or less will have the opportunity to apply for forgiveness using a simplified application. Under the new process, these borrowers will be exempted from penalties for reduction of full-time employees or employees’ salary or wages.
Source: JOA News
Read More here – PPP forgiveness simplified for loans of ,000 or less
The IRS finalized proposed regulations on withholding from transfers of partnership interests to foreign persons and the definition of effectively connected income for those purposes.
Source: Tax News
Read More here – Rules govern withholding on transfers of partnership interests and ECI
The IRS finalized proposed regulations on withholding from transfers of partnership interests to foreign persons and the definition of effectively connected income for those purposes.
Source: JOA News
Read More here – Rules govern withholding on transfers of partnership interests and ECI
Nonauthoritative set of 13 Q&As also touches on how investment companies and broker-dealers should account for digital assets.
Source: JOA News
Read More here – Fair value, stablecoins addressed in new AICPA guidance
The SBA released guidance clarifying that lenders must recognize the previously established extended deferral period for payments on the principal, interest and fees on all Paycheck Protection Program (PPP) loans, even if the executed promissory note indicates only a six-month deferral.
Source: JOA News
Read More here – SBA clarifies deferral period for PPP loan payments
Tax practitioners have expressed concerns that they will not be able to meet upcoming Oct. 15 tax filing deadline for a variety of reasons related to the global pandemic.
Source: Tax News
Read More here – With Oct. 15 looming, some practitioners face daunting challenges
Tax practitioners have expressed concerns that they will not be able to meet upcoming Oct. 15 tax filing deadline for a variety of reasons related to the global pandemic.
Source: JOA News
Read More here – With Oct. 15 looming, some practitioners face daunting challenges
The IRS announced that it was extending the deadline from Oct. 15 to Nov. 21 at midnight for certain individuals to enter their information on the Non-Filers: Enter Payment Info Here tool on the IRS website to receive the $1,200 stimulus payment due to individual taxpayers.
Source: Tax News
Read More here – Nonfilers have until Nov. 21 to apply for economic impact payment
