CPA Never under estimate the value
Practitioners will be able to perform a new engagement known as a direct examination for clients under a new standard published by the AICPA Auditing Standards Board (ASB).
Source: JOA News
Read More here – 'Direct examination' engagement created by SSAE No. 21
The IRS issued final and proposed regulations covering a wide variety of issues involving deductions and credits for foreign taxes.
Source: Tax News
Read More here – Foreign tax credit allocation and apportionment rules finalized
The IRS issued final and proposed regulations covering a wide variety of issues involving deductions and credits for foreign taxes.
Source: JOA News
Read More here – Foreign tax credit allocation and apportionment rules finalized
Boards were meeting more regularly, more virtually, and getting more into the details on topics previously addressed only at a high level.
Source: JOA News
Read More here – What COVID-19 has taught corporate boards
Practitioners are not required to provide an opinion on non-GAAP measures during a financial statement audit, but they can be engaged to perform additional procedures related to this information, according to a new Center for Audit Quality report.
Source: JOA News
Read More here – How auditors can enhance the reliability of non-GAAP reporting
New simplified accounting rules for small businesses do not apply to tax shelters — and the definition of a tax shelter can cause problems for businesses with large deductions or losses during a tax year.
Source: Tax News
Read More here – Small business accounting regulations and tax shelter implications
New simplified accounting rules for small businesses do not apply to tax shelters — and the definition of a tax shelter can cause problems for businesses with large deductions or losses during a tax year.
Source: JOA News
Read More here – Small business accounting regulations and tax shelter implications
Companies have used various means to expand credit, conserve cash and reduce tax burdens to combat the devastation of the pandemic. Here are some of the tactics that large public companies have used.
Source: JOA News
Read More here – Companies use full array of tools to navigate the pandemic
The director of accounting for the San Diego Padres explains how teams are adopting technology to improve the on-field product and the customer experience.
Source: JOA News
Read More here – A data revolution, from hot dogs to fastballs
For tax returns with a Sept. 15 due date that were affected by an e-filing software outage, the IRS will treat a return and any elections that were filed with that return as timely filed if the taxpayer successfully e-filed the return and any elections by Sept. 17, 2020.
Source: Tax News
Read More here – Returns affected by e-filing outage will be timely if filed by Sept. 17
