CPA Never under estimate the value
The IRS finalized regulations permitting tax-exempt organizations other than Sec. 501(c)(3) orgs. to omit the names of substantial donors when filing Forms 990, Return of Organization Exempt From Income Tax.
Source: Tax News
Read More here – Final regs. address reporting by tax-exempt organizations
The IRS finalized regulations permitting tax-exempt organizations other than Sec. 501(c)(3) orgs. to omit the names of substantial donors when filing Forms 990.
Source: JOA News
Read More here – Final regs. address reporting by tax-exempt organizations
The Uniform Accountancy Act Model Rules would be changed to support CPA Evolution under an exposure draft issued by the National Association of State Boards of Accountancy.
Source: JOA News
Read More here – UAA Model Rule changes proposed in support of CPA Evolution
Margaret Poster, CPA, shares advice for making sure your finances are in shape in the event of a disaster.
Source: JOA News
Read More here – When planning for a natural disaster, don’t forget about your finances
The Committee of Sponsoring Organizations of the Treadway Commission has published new guidance on risk appetite and its critical links with strategy and decision-making.
Source: JOA News
Read More here – COSO provides new guidance on risk appetite
The IRS issued long-promised proposed regulations explaining how taxpayers who may qualify for the Sec 36B premium tax credit are affected by the temporary reduction of the personal exemption deduction under Sec. 151 to zero.
Source: Tax News
Read More here – Premium tax credit unaffected by personal exemption decrease to zero
The IRS issued proposed regulations explaining how taxpayers who may qualify for the Sec 36B premium tax credit are affected by the temporary reduction of the personal exemption deduction under Sec. 151 to zero.
Source: JOA News
Read More here – Premium tax credit unaffected by personal exemption decrease to zero
The SBA and Department of Treasury issued a pair of new interim final rules Friday for the Paycheck Protection Program. Meanwhile, bills in Congress could make major changes to two of the PPP’s most significant rules. Votes could come as early as this week.
Source: JOA News
Read More here – PPP forgiveness guidance issued as Congress mulls changes
The International Auditing and Assurance Standards Board highlighted key areas of focus for auditor reporting related to the coronavirus pandemic in an audit staff practice alert.
Source: JOA News
Read More here – IAASB addresses pandemic issues in audit practice alert
Many Americans will receive stimulus money to help them weather the pandemic, but what they do with that money will depend on whether they need it right away or can afford to set some aside. CPA financial planners offer advice on how to make the best use of stimulus funds.
Source: JOA News
Read More here – What to do with your stimulus check
