Monthly Archives: August 2020

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AICPA continues to ask Congress to include PPP deductibility in upcoming legislation

Category:Uncategorized

In a letter dated Aug. 4, 2020, the AICPA joined over 170 organizations to urge Congress to “include a technical correction addressing the tax treatment of loan forgiveness under the Paycheck Protection Program (PPP)” in its next round of legislation addressing the coronavirus pandemic.
Source: Tax News
Read More here – AICPA continues to ask Congress to include PPP deductibility in upcoming legislation


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AICPA continues to ask Congress to include PPP deductibility in upcoming legislation

Category:Uncategorized

In a letter dated Aug. 4, 2020, the AICPA joined over 170 organizations to urge Congress to “include a technical correction addressing the tax treatment of loan forgiveness under the Paycheck Protection Program (PPP)” in its next round of legislation addressing the coronavirus pandemic.
Source: JOA News
Read More here – AICPA continues to ask Congress to include PPP deductibility in upcoming legislation


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Evaluating blockchain and internal control through a COSO lens

Category:Uncategorized

Although blockchain technology creates new risks, organizations also can use it to improve risk management and create better controls.
Source: JOA News
Read More here – Evaluating blockchain and internal control through a COSO lens


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Proposed rules govern carried interests

Category:Uncategorized

The IRS issued proposed regulations under Sec. 1061, enacted by the law known as the Tax Cuts and Jobs Act, which requires owners of certain partnership interests to hold them for three years to be eligible for capital gain treatment.
Source: Tax News
Read More here – Proposed rules govern carried interests


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Proposed rules govern carried interests

Category:Uncategorized

The Irs issued proposed regulations under Sec. 1061, enacted by the law known as the Tax Cuts and Jobs Act, which requires owners of certain partnership interests to hold them for three years to be eligible for capital gain treatment.
Source: JOA News
Read More here – Proposed rules govern carried interests