CPA Never under estimate the value
Increased resources and focus will be needed to address the consequences of systemic racism and unconscious bias, writes Kimberly Ellison-Taylor, CPA, CGMA, a former AICPA chairman who is executive director, Finance Thought Leadership for Oracle.
Source: JOA News
Read More here – Together, we can make a difference: A 12-step plan to address racism and unconscious bias
The IRS issued proposed regulations defining direct primary care arrangements with doctors and health care sharing ministries and how payments for them can qualify as Sec. 213 medical expenses.
Source: Tax News
Read More here – Rules proposed for direct primary care arrangements, health care sharing ministries
The IRS issued proposed regulations defining direct primary care arrangements with doctors and health care sharing ministries and how payments for them can qualify as Sec. 213 medical expenses.
Source: JOA News
Read More here – Rules proposed for direct primary care arrangements, health care sharing ministries
The Federal Reserve Board announced revisions to the Main Street Lending Program that make it possible for more small and midsize businesses to receive financial support.
Source: JOA News
Read More here – Fed expands Main Street Lending Program to more businesses
In a letter to the IRS, the AICPA asked the IRS to permanently amend its electronic signature procedures to make it easier for taxpayers and practitioners to e-file all types of returns.
Source: Tax News
Read More here – AICPA recommends changes to e-signature requirements
In a letter to the IRS, the AICPA asked the IRS to permanently amend its electronic signature procedures to make it easier for taxpayers and practitioners to e-file all types of returns.
Source: JOA News
Read More here – AICPA recommends changes to e-signature requirements
Paycheck Protection Program loan recipients can receive partial loan forgiveness even if they don’t spend at least 60% of their PPP funds on payroll, Treasury and the US Small Business Administration said.
Source: JOA News
Read More here – Partial PPP loan forgiveness remains if 60% threshold not met
GASB issued a standard that specifically addresses accounting and financial reporting for subscription-based technology arrangements used by state and local governments.
Source: JOA News
Read More here – GASB addresses subscription-based technology arrangements
The coronavirus pandemic has created special challenges for practitioners to consider related to internal control, fraud, legal compliance, and accounting estimates. Here’s how auditors can address these risks.
Source: JOA News
Read More here – 4 key COVID-19 audit risks for 2020 year ends
In response to the COVID-19 pandemic, the IRS further postponed the 180-day deadline to invest in a qualified opportunity fund from July 15, 2020, to Dec. 31, 2020, extended other deadlines, and relaxed some qualified investment rules.
Source: Tax News
Read More here – Qualified opportunity zone rules are relaxed
