Monthly Archives: February 2021

  • 22
    Feb 21
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New PPP changes attempt to ease smallest businesses' access

Category:Uncategorized

The White House said it will allow only businesses with fewer than 20 employees to apply for PPP loans during a two-week period starting Wednesday. The administration also will change the PPP loan calculation formula to help sole proprietors, independent contractors and self-employed individuals receive more financial support.
Source: JOA News
Read More here – New PPP changes attempt to ease smallest businesses' access

  • 21
    Feb 21
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PPP processing delays continue

Category:Uncategorized

Anti-fraud screenings by the SBA are delaying the processing of Paycheck Protection Program loan applications, sometimes for weeks, AICPA executives said during an online Town Hall.
Source: JOA News
Read More here – PPP processing delays continue

  • 19
    Feb 21
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IRS provides cafeteria plan relief for the pandemic

Category:Uncategorized

The IRS issued guidance on how employers can amend their health flexible spending arrangements and dependent care assistance programs to respond to the coronavirus pandemic.
Source: Tax News
Read More here – IRS provides cafeteria plan relief for the pandemic

  • 19
    Feb 21
  • 0

IRS provides cafeteria plan relief for the pandemic

Category:Uncategorized

The IRS issued guidance on how employers can amend their health flexible spending arrangements and dependent care assistance programs to respond to the coronavirus pandemic.
Source: JOA News
Read More here – IRS provides cafeteria plan relief for the pandemic

  • 18
    Feb 21
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Black CPA Centennial celebrates first Black CPA

Category:Uncategorized

John W. Cromwell Jr., the son of a former slave, overcame many obstacles in his life to earn his place in history as the nation’s first Black CPA in 1921. His story is an inspiration and lesson in tenacity for future generations of Black accountants.
Source: JOA News
Read More here – Black CPA Centennial celebrates first Black CPA

  • 18
    Feb 21
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From the filings: Supply chain lessons from the pandemic

Category:Uncategorized

Industrial giants 3M, Arrow Electronics, and Caterpillar explain how they navigated disruptions.
Source: JOA News
Read More here – From the filings: Supply chain lessons from the pandemic

  • 17
    Feb 21
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A road map for ESG disclosures and assurance

Category:Uncategorized

As interest grows in environmental, social and governance information, a new resource provides insights for auditors to assist their clients with ESG disclosures and assurance.
Source: JOA News
Read More here – A road map for ESG disclosures and assurance

  • 11
    Feb 21
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Single audits: Deliver high quality in a challenging time

Category:Uncategorized

The federal funding surge that accompanied the coronavirus pandemic has made single audits more challenging than ever. But now that the rules have been released, practitioners need to focus on delivering high-quality single audits in this difficult time.
Source: JOA News
Read More here – Single audits: Deliver high quality in a challenging time

  • 10
    Feb 21
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SBA announces PPP process changes

Category:Uncategorized

The US Small Business Administration said that it is updating the Paycheck Protection Program’s processes and application platform to speed up the flow of funds to small businesses.
Source: JOA News
Read More here – SBA announces PPP process changes

  • 10
    Feb 21
  • 0

FASB approves private company and NFP goodwill triggering event alternative

Category:Uncategorized

Private companies and not-for-profits will have an option to perform goodwill impairment triggering event assessments at the reporting date (versus on the date of a triggering event as currently required), under an accounting alternative FASB voted to approve.
Source: JOA News
Read More here – FASB approves private company and NFP goodwill triggering event alternative

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