CPA Never under estimate the value
Fears of a late-October PPP surprise came to the SBA’s attention because the program’s loan forgiveness application forms display an expiration date of “10/31/2020” in the upper-right corner.
Source: JOA News
Read More here – SBA settles confusion over PPP forgiveness application due date
The IRS finalized regulations governing the treatment of net operating losses by consolidated groups after recent legislation changed the rules.
Source: Tax News
Read More here – Consolidated group NOL rules are finalized
The IRS finalized regulations governing the treatment of net operating losses by consolidated groups after recent legislation changed the rules.
Source: JOA News
Read More here – Consolidated group NOL rules are finalized
With the Oct. 15 corporate tax filing deadline looming and the global pandemic still affecting taxpayers and practitioners, several states have provided one-month filing relief for their corporate Oct. 15 deadlines.
Source: Tax News
Read More here – Several states provide one-month filing relief for corporate deadlines
With the Oct. 15 corporate tax filing deadline looming and the global pandemic still affecting taxpayers and practitioners, several states have provided one-month filing relief for their corporate Oct. 15 deadlines.
Source: JOA News
Read More here – Several states provide one-month filing relief for corporate deadlines
Disclosures around oversight of cybersecurity risk by audit committees are increasing in public company proxy statements, according to a yearly analysis released by the Center for Audit Quality and Audit Analytics. But other disclosures have leveled off in recent years.
Source: JOA News
Read More here – Audit committee cybersecurity disclosures rising in proxy statements
PPP borrowers of $50,000 or less will have the opportunity to apply for forgiveness using a simplified application. Under the new process, these borrowers will be exempted from penalties for reduction of full-time employees or employees’ salary or wages.
Source: JOA News
Read More here – PPP forgiveness simplified for loans of ,000 or less
The IRS finalized proposed regulations on withholding from transfers of partnership interests to foreign persons and the definition of effectively connected income for those purposes.
Source: Tax News
Read More here – Rules govern withholding on transfers of partnership interests and ECI
The IRS finalized proposed regulations on withholding from transfers of partnership interests to foreign persons and the definition of effectively connected income for those purposes.
Source: JOA News
Read More here – Rules govern withholding on transfers of partnership interests and ECI
Nonauthoritative set of 13 Q&As also touches on how investment companies and broker-dealers should account for digital assets.
Source: JOA News
Read More here – Fair value, stablecoins addressed in new AICPA guidance
