CPA Never under estimate the value
The IRS issued proposed regulations to clarify that certain deductions are allowed to an estate or nongrantor trust because they are not miscellaneous itemized deductions.
Source: Tax News
Read More here – Trusts and estates are permitted certain deductions
The IRS issued proposed regulations to clarify that certain deductions are allowed to an estate or nongrantor trust because they are not miscellaneous itemized deductions.
Source: JOA News
Read More here – Trusts and estates are permitted certain deductions
Revenue declines are chief on the minds of finance professionals in an April survey. More than half of finance professionals expect business operations to return to normal in the fourth quarter or later.
Source: JOA News
Read More here – As cash worries persist, companies ponder cuts, investments
The coronavirus pandemic has made site visits challenging for many auditors. Remote auditing techniques can help practitioners perform high-quality engagements during this difficult time.
Source: JOA News
Read More here – Overcoming site visit limitations in the pandemic
The AICPA Peer Review Board voted to grant automatic six-month extensions for peer reviews, corrective actions and implementation plans with original due dates between Jan. 1 and Sept. 30 of this year.
Source: JOA News
Read More here – 6-month delay granted for peer reviews
The AICPA has made a broad range of legislative recommendations to encourage economic recovery in the wake of the COVID-19 pandemic.
Source: Tax News
Read More here – AICPA proposes broad range of tax relief to aid economic recovery
The AICPA has made a broad range of legislative recommendations to encourage economic recovery in the wake of the COVID-19 pandemic.
Source: JOA News
Read More here – AICPA proposes broad range of tax relief to aid economic recovery
The safe-harbor period for returning Paycheck Protection Program funds has been extended through May 14 by the US Small Business Administration.
Source: JOA News
Read More here – SBA extends safe harbor for returning PPP funds
As a result of the coronavirus pandemic, the AICPA Professional Ethics Executive Committee voted to extend by one year the effective dates of AICPA ethics interpretations on information systems services, state and local government client affiliates and leases.
Source: JOA News
Read More here – Effective dates extended for 3 AICPA ethics interpretations
A bill introduced in the Senate would clarify that ordinary expenses funded by Paycheck Protection Program (PPP) loans are deductible by taxpayers. If enacted, this would overrule a recent IRS notice saying the expenses are not deductible.
Source: Tax News
Read More here – AICPA supports bill that would make PPP-funded expenses deductible
