CPA Never under estimate the value
Hijacking of economic impact payments and unemployment checks are spotlighted in the IRS’s annual alert, which warns taxpayers of the most prevalent scams and schemes the Service has identified.
Source: JOA News
Read More here – IRS warns of pandemic-related tax scams in 'Dirty Dozen' for 2021
Preparation may be the best defense against fraud when disaster strikes.
Source: JOA News
Read More here – Fighting fraud with business continuity planning
Indications are that businesses with Paycheck Protection Program loans of $2 million or more will not have to submit a Loan Necessity Questionnaire when applying for forgiveness of their loans.
Source: JOA News
Read More here – SBA may be dropping PPP Loan Necessity Questionnaire requirement
These new blockchain-created digital assets may be treated as intangibles for tax purposes, but a dearth of guidance leaves questions.
Source: JOA News
Read More here – Tax consequences of nonfungible tokens (NFTs)
FASB is seeking comment on what the board’s future standard-setting priorities should be. Stakeholders are asked to provide feedback by Sept. 22 to help FASB identify areas where there’s a pervasive need to improve generally accepted accounting principles (GAAP).
Source: JOA News
Read More here – FASB asks for feedback on standard-setting agenda
An AICPA survey shows two in five Americans struggle to stick to their monthly budget due to online shopping.
Source: JOA News
Read More here – Cultivate good online shopping habits
More than one-third of finance leaders say their organizations are resuming customary business travel or plan to do so by the end of the year.
Source: JOA News
Read More here – Business travel resuming for many after pandemic-related cuts
As momentum grows for environmental, social and governance disclosures, ESG assurance opportunities are expected to present themselves for CPAs, who currently are performing a small fraction of these engagements in the US.
Source: JOA News
Read More here – ESG assurance: An emerging opportunity for CPAs
A new IRS online portal lets taxpayers unenroll from receiving advance payments of the 2021 child tax credit.
Source: Tax News
Read More here – Child tax credit: New portal for opting out of advance payments
A new IRS online portal lets taxpayers unenroll from receiving advance payments of the 2021 child tax credit.
Source: JOA News
Read More here – Child tax credit: New portal for opting out of advance payments
