CPA Never under estimate the value
The IRS announced that taxpayers for whom the Service does not have direct deposit information should go to its “Get My Payment” website and enter that information by noon on Wednesday, May 13, so they can receive their stimulus payments electronically.
Source: JOA News
Read More here – Taxpayers must act soon for direct deposit of stimulus payments
Auditors performing engagements under government auditing standards were granted relief from certain CPE requirements by the US Government Accountability Office as a result of the coronavirus pandemic.
Source: JOA News
Read More here – Pandemic-related CPE exceptions granted to auditors under GAGAS
GASB is giving state and local governments extra time to implement much of its recently issued guidance as a result of the coronavirus pandemic.
Source: JOA News
Read More here – GASB delays effective dates of recent pronouncements
A four-step approach can help CPAs facilitate the difficult, often emotional conversations needed to help their clients find their way to calmer waters.
Source: JOA News
Read More here – How to have hard client conversations during a crisis
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
