CPA Never under estimate the value
Take this quiz to find out if you’re prepared to navigate issues such as remote audit procedures and going concern evaluations amid the pandemic.
Source: JOA News
Read More here – Quiz: Are you ready to audit during the pandemic?
The U.S. Small Business Administration (SBA) issued a new interim final rule opening the door for lenders to increase existing Paycheck Protection Program loans to partnerships and seasonal employers.
Source: JOA News
Read More here – SBA allows increased PPP loans to partnerships, extends safe harbor to May 18
The AICPA Auditing Standards Board delayed the effective dates of seven new standards as a result of the coronavirus pandemic. Here’s what auditors need to know about the standards and their delay.
Source: JOA News
Read More here – What CPAs should consider before deferring ASB reporting standards
The IRS has issued final regulations addressing when certain related-party interests in corporations should be treated as stock vs. debt.
Source: Tax News
Read More here – Final regs. clarify when interest in corporation is stock vs. debt
The IRS has issued final regulations addressing when certain related-party interests in corporations should be treated as stock vs. debt.
Source: JOA News
Read More here – Final regs. clarify when interest in corporation is stock vs. debt
The US Small Business Administration issued guidance stating that businesses that together with their affiliates accepted Paycheck Protection Program loans totaling less than $2 million will be assumed to have certified their loans in good faith.
Source: JOA News
Read More here – SBA provides safe harbor for PPP loans under million
The IRS issued regulations explaining the allowance of deductions for certain fines and penalties under Sec. 162(f) as amended by the law known as the Tax Cuts and Jobs Act.
Source: Tax News
Read More here – Proposed rules govern deductions and reporting for restitution
The IRS issued regulations explaining the allowance of deductions for certain fines and penalties under Sec. 162(f) as amended by the law known as the Tax Cuts and Jobs Act.
Source: JOA News
Read More here – Proposed rules govern deductions and reporting for restitution
The number of small businesses receiving Paycheck Protection Program loans can be linked to the number that had bank financing before the pandemic, data from the Federal Reserve Bank of New York shows.
Source: JOA News
Read More here – A tale of the PPP tape: Why relationship building matters
In response to the coronavirus pandemic, the IRS is allowing employers to permit their employees to change their health coverage elections or dependent care elections during the year and is extending the carryover period for health flexible spending arrangement (FSA) expenses.
Source: Tax News
Read More here – IRS allows midyear changes to health coverage, dependent care elections
