CPA Never under estimate the value
The IRS finalized proposed regulations on the qualified plan loan rollover rules amended by the law known as the Tax Cuts and Jobs Act with just one change in response to a comment.
Source: Tax News
Read More here – IRS finalizes qualified plan loan rollover rules
The IRS finalized proposed regulations on the qualified plan loan rollover rules amended by the law known as the Tax Cuts and Jobs Act with just one change in response to a comment.
Source: JOA News
Read More here – IRS finalizes qualified plan loan rollover rules
Only 26% of taxpayers have changed their withholding since Form W-4 was revised in 2019, an AICPA survey found.
Source: JOA News
Read More here – New Form W-4 slow to gain traction with taxpayers
Critical audit matters have more value when they provide entity-specific language and avoid boilerplate, experts say.
Source: JOA News
Read More here – Why the best critical audit matter disclosures use entity-specific info
PCAOB inspectors will focus more in 2021 on industries and audit areas that have experienced disruption as a result of the coronavirus pandemic. Inspectors also will try to become more unpredictable in the audits and areas they examine.
Source: JOA News
Read More here – PCAOB changes 2021 inspection focus areas as a result of COVID-19
The coronavirus pandemic has led to changes in operations that require increased attention to internal controls, Securities and Exchange Commission staff said at the AICPA Conference on Current SEC and PCAOB Developments.
Source: JOA News
Read More here – Internal control focus critical as a result of pandemic changes
As an entity moves through the bankruptcy process, it must meet certain criteria to qualify, upon emergence, for fresh-start reporting under FASB ASC Topic 852, Reorganizations.
Source: JOA News
Read More here – Emergence through fresh-start reporting
This article offers answers to questions from clients who are concerned about protecting their estate from tax changes that might happen in 2021.
Source: Tax News
Read More here – Answering clients’ estate planning questions this December
This article offers answers to questions from clients who are concerned about protecting their estate from tax changes that might happen in 2021.
Source: JOA News
Read More here – Answering clients’ estate planning questions this December
In a letter to Congress, dated Dec. 3, hundreds of national trade associations and their state and regional affiliates asked that legislation be enacted before the end of 2020 reversing the IRS’s position that amounts forgiven in loans under the PPP be nondeductible business expenses.
Source: Tax News
Read More here – AICPA and trade associations ask Congress to fix PPP loan deductibility
