Author Archives: admin

  • 0

AICPA continues to ask Congress to include PPP deductibility in upcoming legislation

Category:Uncategorized

In a letter dated Aug. 4, 2020, the AICPA joined over 170 organizations to urge Congress to “include a technical correction addressing the tax treatment of loan forgiveness under the Paycheck Protection Program (PPP)” in its next round of legislation addressing the coronavirus pandemic.
Source: Tax News
Read More here – AICPA continues to ask Congress to include PPP deductibility in upcoming legislation


  • 0

AICPA continues to ask Congress to include PPP deductibility in upcoming legislation

Category:Uncategorized

In a letter dated Aug. 4, 2020, the AICPA joined over 170 organizations to urge Congress to “include a technical correction addressing the tax treatment of loan forgiveness under the Paycheck Protection Program (PPP)” in its next round of legislation addressing the coronavirus pandemic.
Source: JOA News
Read More here – AICPA continues to ask Congress to include PPP deductibility in upcoming legislation


  • 0

Evaluating blockchain and internal control through a COSO lens

Category:Uncategorized

Although blockchain technology creates new risks, organizations also can use it to improve risk management and create better controls.
Source: JOA News
Read More here – Evaluating blockchain and internal control through a COSO lens


  • 0

Proposed rules govern carried interests

Category:Uncategorized

The IRS issued proposed regulations under Sec. 1061, enacted by the law known as the Tax Cuts and Jobs Act, which requires owners of certain partnership interests to hold them for three years to be eligible for capital gain treatment.
Source: Tax News
Read More here – Proposed rules govern carried interests


  • 0

Proposed rules govern carried interests

Category:Uncategorized

The Irs issued proposed regulations under Sec. 1061, enacted by the law known as the Tax Cuts and Jobs Act, which requires owners of certain partnership interests to hold them for three years to be eligible for capital gain treatment.
Source: JOA News
Read More here – Proposed rules govern carried interests


  • 0

Simplified accounting rules issued for small businesses

Category:Uncategorized

The IRS issued regulations on the simplified accounting method rules for small business taxpayers enacted in 2017 by the law known as the Tax Cuts and Jobs Act.
Source: Tax News
Read More here – Simplified accounting rules issued for small businesses


  • 0

Simplified accounting rules issued for small businesses

Category:Uncategorized

The IRS issued regulations on the simplified accounting method rules for small business taxpayers enacted in 2017 by the law known as the Tax Cuts and Jobs Act.
Source: JOA News
Read More here – Simplified accounting rules issued for small businesses


  • 0

New CPA licensure model embraces core, deeper knowledge

Category:Uncategorized

A new approach to CPA licensure that’s under development is designed to emphasize the core skills that matter most to CPAs while encouraging deeper exploration of a candidate’s passion. Laurie Tish, CPA, chair of the board of NASBA, explains what’s next in the CPA Evolution initiative.
Source: JOA News
Read More here – New CPA licensure model embraces core, deeper knowledge


  • 0

PPP and pandemic-related tips for not-for-profits

Category:Uncategorized

Not-for-profits face challenges related to funding, operations and strategy as a result of the coronavirus pandemic. These tips can help resolve issues related to the PPP, accounting and other topics.
Source: JOA News
Read More here – PPP and pandemic-related tips for not-for-profits


  • 0

IRS to allow faxing of automatic method change requests

Category:Uncategorized

The IRS announced that, beginning Friday, in response to the coronavirus pandemic, it is temporarily accepting duplicate copies of Form 3115, Application for Change in Accounting Method, sent by fax instead of mail.
Source: Tax News
Read More here – IRS to allow faxing of automatic method change requests