CPA Never under estimate the value
An AICPA letter suggests that the need for certain borrowers to complete a new form and provide extensive documentation supporting their request for relief funds be reconsidered and that other approaches be evaluated in assessing a borrower’s good faith certification.
Source: JOA News
Read More here – AICPA urges SBA and OMB to reconsider PPP Loan Necessity Questionnaires
The coronavirus pandemic and other factors have resulted in shrinking valuations in the energy industry, according to experts at the AICPA/PDI Oil & Gas Online Conference.
Source: JOA News
Read More here – Low demand leads to shrinking energy industry valuations
Energy producers are focusing on balance sheet strength and free cash flow as they recover from a severe blow dealt by the coronavirus pandemic.
Source: JOA News
Read More here – Challenges, opportunities await energy sector after pandemic disruption
The IRS issued final regulations that define real property for like-kind exchange purposes and what qualifies as incidental personal property that will not disqualify an exchange.
Source: Tax News
Read More here – Like-kind exchange rules define real property, incidental personal property
The IRS issued final regulations that define real property for like-kind exchange purposes and what qualifies as incidental personal property that will not disqualify an exchange.
Source: JOA News
Read More here – Like-kind exchange rules define real property, incidental personal property
The IRS issued final rules on the Sec. 245A extraordinary disposition rule and the Sec. 951A disqualified basis and disqualified payment rules, as well as reporting requirements to facilitate the rules.
Source: Tax News
Read More here – Final rules coordinate Sec. 245A and Sec. 951A
The IRS issued final rules on the Sec. 245A extraordinary disposition rule and the Sec. 951A disqualified basis and disqualified payment rules, as well as reporting requirements to facilitate the rules.
Source: JOA News
Read More here – Final rules coordinate Sec. 245A and Sec. 951A
The AICPA is asking its members to write to their senators and representatives in Congress in support of legislation that would mandate that anyone who receives a loan through the PPP can deduct business expenses even when payment of those expenses results in loan forgiveness under the CARES Act.
Source: Tax News
Read More here – AICPA mobilizes members to push for deductibility of PPP-funded expenses
The AICPA is asking its members to write to their senators and representatives in Congress in support of legislation that would mandate that anyone who receives a loan through the Paycheck Protection Program can deduct business expenses even when payment of those expenses results in loan forgiveness under the CARES Act.
Source: JOA News
Read More here – AICPA mobilizes members to push for deductibility of PPP-funded expenses
The IRS issued rules on two special enforcement matters for purposes of the unified partnership audit rules.
Source: Tax News
Read More here – Centralized partnership audit regime changes proposed
