Monthly Archives: September 2020

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IRS issues more bonus depreciation rules

Category:Uncategorized

The IRS issued final bonus depreciation regulations and withdrew proposed regulations.
Source: Tax News
Read More here – IRS issues more bonus depreciation rules


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IRS issues more bonus depreciation rules

Category:Uncategorized

The IRS issued final bonus depreciation regulations and withdrew proposed regulations.
Source: JOA News
Read More here – IRS issues more bonus depreciation rules


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AICPA ethics proposal would limit firms' loaning of staff to attest clients

Category:Uncategorized

CPA firms’ ability to loan staff to attest clients would be limited to rare circumstances under a newly proposed AICPA ethics interpretation.
Source: JOA News
Read More here – AICPA ethics proposal would limit firms' loaning of staff to attest clients


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Final regs. govern CFC downward attribution

Category:Uncategorized

The IRS issued final regulations on the downward attribution rules of controlled foreign corporations, whose treatment had been changed by the law known as the Tax Cuts and Jobs Act.
Source: Tax News
Read More here – Final regs. govern CFC downward attribution


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Final regs. govern CFC downward attribution

Category:Uncategorized

The IRS issued final regulations on the downward attribution rules of controlled foreign corporations, whose treatment had been changed by the law known as the Tax Cuts and Jobs Act.
Source: JOA News
Read More here – Final regs. govern CFC downward attribution


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FASB proposes expedient for private company franchisors

Category:Uncategorized

FASB issued a proposal that would provide a practical expedient for private company franchisors in how they analyze certain activities when determining their performance obligations in a franchise agreement under the board’s new revenue recognition standard.
Source: JOA News
Read More here – FASB proposes expedient for private company franchisors


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Corporate governance in COVID-19: Cybersecurity and technology considerations

Category:Uncategorized

The coronavirus pandemic has resulted in a realignment of company strategies to enable success during these disruptive times. Some of these decisions — such as the sudden shift to remote work due to stay-at-home orders — have created additional risk corporate boards must consider.
Source: JOA News
Read More here – Corporate governance in COVID-19: Cybersecurity and technology considerations


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AICPA urges passage of 'PPP 2' legislation

Category:Uncategorized

The AICPA issued a news release renewing the organization’s call for the swift passage of legislation to extend and expand the Paycheck Protection Program (PPP).
Source: JOA News
Read More here – AICPA urges passage of 'PPP 2' legislation


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Treasury report on CECL standard is inconclusive

Category:Uncategorized

The coronavirus pandemic and current market conditions prevent a definitive assessment of the impact of the FASB’s new standard on accounting for credit losses, according to a new report released by Treasury.
Source: JOA News
Read More here – Treasury report on CECL standard is inconclusive


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FASB alters not-for-profit accounting rules for gifts-in-kind

Category:Uncategorized

Not-for-profit financial statements will include more information on contributed nonfinancial assets, also known as gifts-in-kind, under a new standard issued by FASB.
Source: JOA News
Read More here – FASB alters not-for-profit accounting rules for gifts-in-kind