CPA Never under estimate the value
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: JOA News
Read More here – IRS postpones April 15 deadline
The American Rescue Plan Act’s $350 billion in “fiscal recovery” aid to states comes with a big string attached — the states may not use the money to offset new tax credits or other revenue reductions.
Source: Tax News
Read More here – Federal aid could hobble new state tax cuts and credits
The American Rescue Plan Act’s $350 billion in “fiscal recovery” aid to states comes with a big string attached — the states may not use the money to offset new tax credits or other revenue reductions.
Source: JOA News
Read More here – Federal aid could hobble new state tax cuts and credits
CPAs can be engaged as third-party assessors of US defense contractors’ compliance with new cybersecurity requirements.
Source: JOA News
Read More here – Cybersecurity requirements provide new opportunity for CPAs
Legislation introduced in Congress to push back the Paycheck Protection Program application deadline by 60 days has drawn expressions of support from dozens of trade associations and other business groups, among them the AICPA.
Source: JOA News
Read More here – PPP extension bills gain backing of business groups
In a letter dated March 15, the AICPA asked for IRS guidance on how S corporations and partnerships should treat tax-exempt income from PPP loan forgiveness, especially when it occurs during a different tax period.
Source: Tax News
Read More here – AICPA asks for guidance on S corp. and partnership PPP loan forgiveness
In a letter dated March 15, the AICPA asked for IRS guidance on how S corporations and partnerships should treat tax-exempt income from PPP loan forgiveness, especially when it occurs during a different tax period.
Source: JOA News
Read More here – AICPA asks for guidance on S corp. and partnership PPP loan forgiveness
The Securities and Exchange Commission is seeking public comment on its disclosure rules and guidance related to climate change disclosures.
Source: JOA News
Read More here – Climate change disclosure comments sought by SEC
The SBA extended deferral periods for all disaster loans, including those made through the COVID-19 Economic Injury Disaster Loan (EIDL) program. With the deferral, small businesses that received a COVID-19 EIDL loan won’t have to make a first payment on the loan until next year.
Source: JOA News
Read More here – SBA defers EIDL payments until 2022
In 1943, Mary T. Washington Wylie became the nation’s first Black woman to earn the CPA license. Her life illustrates the difference that one enterprising professional can make for many future generations.
Source: JOA News
Read More here – Opening doors for others: The first Black woman to become a CPA
