CPA Never under estimate the value
Questions asked as part of a quarterly economic sentiment survey show that more companies expect to cut back on office space in the coming year.
Source: JOA News
Read More here – Number of US companies planning space reduction grows slightly
The SBA is targeting early April to launch a phased rollout of the $28.6 billion Restaurant Revitalization Fund.
Source: JOA News
Read More here – SBA eyes early April to begin Restaurant Revitalization Fund rollout
The SBA announced that starting the week of April 6 it will more than triple the maximum amount that small businesses and nonprofits can borrow under the COVID-19 Economic Injury Disaster Loans (EIDL) program.
Source: JOA News
Read More here – SBA raises COVID-19 EIDL loan limit to 0,000
The IRS has postponed individual returns’ due date to May 17, but June 15 remains a more appropriate date for many reasons, the AICPA says.
Source: Tax News
Read More here – Tax filing postponement doesn’t go far enough, AICPA says
The IRS has postponed individual returns’ due date to May 17, but June 15 remains a more appropriate date for many reasons, the AICPA says.
Source: JOA News
Read More here – Tax filing postponement doesn't go far enough, AICPA says
The SBA will begin accepting Shuttered Venue Operators Grant applications on April 8. Entities interested in applying can sign up for updates via a splash page for the new SVOG application portal.
Source: JOA News
Read More here – Shuttered Venue Operators Grant program to open April 8
Accountants should rethink their approach to virtual networking in a post-COVID-19 landscape.
Source: JOA News
Read More here – LinkedIn tips for accountants and finance professionals
The SBA issued an interim final rule incorporating revisions to the Paycheck Protection Program made by the American Rescue Plan Act. The new guidance also rules that entities that receive a Shuttered Venue Operators Grant cannot subsequently receive a PPP loan.
Source: JOA News
Read More here – New PPP guidance implements changes from American Rescue Plan Act
Travel restrictions related to the coronavirus pandemic have caused many employees to defer their paid time off, resulting in a buildup of liabilities for compensated absences. As a result, CPAs need to take great care in calculating, reporting, and auditing these liabilities.
Source: JOA News
Read More here – Vacation and sick day accruals during the pandemic
The IRS announced that it is postponing the April 15 deadline for individual tax returns and payments. The postponement applies only to individual taxpayers. Formal guidance is expected in the near future.
Source: Tax News
Read More here – IRS postpones April 15 deadline
