CPA Never under estimate the value
With new guidance and extensions on use of funds, US businesses seek and find financial boosts in overall uncertain times.
Source: JOA News
Read More here – PPP provides a lifeline, but more may be needed
The IRS announced that employers may make donations this year to charitable organizations that provide relief to COVID-19 pandemic victims in exchange for personal leave that their employees forgo.
Source: Tax News
Read More here – Leave-based donation program available during pandemic
The IRS announced that employers may make donations this year to charitable organizations that provide relief to COVID-19 pandemic victims in exchange for personal leave that their employees forgo.
Source: JOA News
Read More here – Leave-based donation program available during pandemic
GASB issued a proposed technical bulletin that would help state and local governments account for funds they received from programs included in the CARES Act pandemic relief legislation.
Source: JOA News
Read More here – GASB proposes accounting guidance for CARES Act aid
Isolation, boredom, uncertainty, stress, and anxiety can all take a toll on staff’s mental health during the pandemic. Try these tactics to support staff and boost their spirits during difficult times.
Source: JOA News
Read More here – Take care of your staff’s mental health during COVID-19
FASB proposed delaying the effective date of its new long-duration insurance contracts standard. The board also voted to approve standards on improving convertible instruments and contracts in an entity’s own equity and not-for-profit accounting for gifts-in-kind.
Source: JOA News
Read More here – FASB addresses insurance, convertible instruments, gifts-in-kind
Nongovernmental entities have some options for accounting for forgivable loans under the Paycheck Protection Program, according to the AICPA’s new Technical Question and Answer guidance for borrowers.
Source: JOA News
Read More here – AICPA issues guidance on accounting for forgivable PPP loans
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
